About 202 Paul Saxe Road
Investment opportunity in Catskill NY! 5 Unit income producing property with 4 apartment rentals that provide 2 bedrooms and 2 bathrooms each. The fifth remaining unit is a sizeable storage barn that is also rented. Each unit offers a simple open floor plan, with abundant light and modern amenities. Four of the eight bathrooms have been renovated in the last 5 years to help ensure tenant satisfaction so that the property will maintain a high occupancy rate and provide a solid and reliable income stream. The property also provides ample parking for each unit and the barn. This property currently generates a nearly 8% cap rate of return for the Landlord. With tenant turnover and actual fair market rents the cap rate could certainly be pushing 10%. This property is within minutes of Catskill's beloved Story Farm's and fresh fruit, flowers, and vegetable stand. 10-15 minutes in either direction to the Village of Catskill, Saugerties, Cairo. Don't miss this rare opportunity to own a profitable, multi-unit property in one of the Hudson Valleys most desirable locations. Whether you're and experienced investor or looking to start your real estate portfolio, this property has a fantastic business model, is a work horse with consistent returns and long term growth.
Features of 202 Paul Saxe Road
| MLS® # | 153335 |
|---|---|
| Price | $515,000 |
| Bedrooms | 8 |
| Bathrooms | 8.00 |
| Full Baths | 8 |
| Square Footage | 3,240 |
| Acres | 1.70 |
| Year Built | 1982 |
| Type | Commercial |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 202 Paul Saxe Road |
|---|---|
| Area | Catskill |
| City | Catskill |
| County | Greene |
| State | NY |
| Zip Code | 12414 |
Additional Information
Listing Details
| Office | Century 21 New West Properties |
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