4 Bogardus Place, Ellenville
Solidly built 2 story with 4- 2 bedroom apartments. The long time owner has done many improvements including Roof replaced in 2011, domestic hot water system, a fabulous Buderus boiler, replaced windows, rewired electrical system, new water service from curb, resided and added insulation, replaced gutters and downspouts, replumbed entire house with copper. Several of the kitchens have the large porcelain sinks that are wall mounted, charming, each have either a front or back porch for extra space for each apartment the heart of the village, making amenities within walking distance. Several long term tenants and numbers work. Yearly income at $45,400 with room to increase and yearly expenses of $21,100 yielding a CAP rate of 11.1%. Occupancy at 100%.
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