REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Niels Pennings

niels@nielspennings.com +1(917) 583-2567

$ 795,000

Est. payment -/mo

Save

Active

5635 Route 82 Clinton Corners, NY 12514

6 Beds

4 Baths

5,272 SqFt

UPDATED:

10/23/2024 12:19 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,272 sqft

Price per Sqft $150

MLS Listing ID H6293201

Style Colonial,Cottage

Bedrooms 6

Full Baths 4

Originating Board onekey

Rental Info No

Year Built 1900

Annual Tax Amount $7,078

Lot Size 1.860 Acres

Acres 1.86

Property Description

Outstanding Investment Opportunity * This countryside setting holds a fully tenanted 4-unit residential building on 1.89 acres. This property also features a cozy 2-bedroom, 1-bath cottage (currently occupied) and a versatile 3-bay steel garage offering additional income potential. Ample parking space for all. Strategically located near the Taconic State Parkway and within a 20-minute drive to both Rhinebeck and Millbrook, this property also enjoys proximity to Amtrak and MetroNorth trains. Blending rural tranquility with accessibility. Pride of ownership shines through with meticulous maintenance: a new roof installed in 2016, modern 1000-gallon concrete septic tanks from 2014, and recent updates to hot water systems (2011 in the main house, 2023 in the cottage) new well pump in 2023 , refurbished chimney with new liner 2024. All units are occupied with current rents positioned below market and suggests a strong upside potential. While utilities for the main house are covered by the owner, cottage residents manage their own, contributing to the overall income generated by this investment. This property currently serves up a 9% cap rate with the potential for increased numbers. Financials available upon request. . Viewings are available to serious buyers / least a 24 hr notice, respecting the privacy and comfort of our tenants. Coin Operated washer/dryer . ****ALL OFFERS are welcome for consideration.*** Call for details.

Location

State NY

County Dutchess

Rooms

Basement Bilco Door(s), Full, Unfinished

Interior

Heating Oil, Baseboard, Hot Water

Cooling Window Unit(s)

Flooring Hardwood

Fireplace No

Exterior

Garage Detached, 3 Car Detached, Assigned, Driveway, Parking Lot

Garage Spaces 3.0

View Y/N Yes

View Panoramic

Parking Type Detached, 3 Car Detached, Assigned, Driveway, Parking Lot

Total Parking Spaces 7

Garage true

Building

Lot Description Level

Sewer Septic Tank

Water Well

Structure Type Frame,Stone,Wood Siding

Schools

Elementary Schools Seymour Smith Intermediate Lrn Ctr

Middle Schools Stissing Mountain Jr/Sr High School

High Schools Stissing Mountain Jr/Sr High School

School District Pine Plains

Others

Senior Community No

Special Listing Condition None

Listed by Corcoran Country Living • (845) 876-6676

Niels Pennings

Real Estate Advisor | RES.RES.0814910

+1(917) 583-2567

Niels Pennings

5635 Route 82 Clinton Corners, NY 12514

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

GET MORE INFORMATION

Go tour this home

5635 Route 82