54 West Bridge Street, Catskill
Commercially zoned two-family property. There are 2 - 3 Bedroom units each with bonus room, generating a healthy cap rate, situated in the village of Catskill right next door to Bridge Street Theater and in an area right across the bridge that is quickly gentrifying. Rents have been the same for quite some time so it is possible to generate an even better income with new improvements. Some improvements have been done recently but still requires some attention. However, this is a window of opportunity for the savvy investor looking forward to Catskill's residential and commercial future and possibilities while maintaining an excellent cash flow. Current tenants are month-to-month. With the exception of a health or safety issue, property is being sold "as-is-where-is." Owner will hold some paper but requires a minimum deposit of $85,000. Principal broker Lawrence O'Toole is the owner of this property.
This mortgage calculator can be used to figure out monthly payments of a home mortgage loan, based on the home's sale price, the term of the loan desired, buyer's down payment percentage, and the loan's interest rate. This calculator factors in PMI (Private Mortgage Insurance) for loans where less than 20% is put as a down payment. Also taken into consideration are the town property taxes, and their effect on the total monthly mortgage payment.