692, 696-700 South Street, Highland

$2,300,000

0 Beds
0 Baths
0 Sqft
35½ Acres
0 Garages

13-unit multi-family complex on 30 acres in the Town of Plattekill, NY. Includes a fully engineered 17.5 acre lot approved for 2 additional 4-unit buildings for a total of 21 units. Property is subdivided into 2 lots with a road dividing them. The 3 existing buildings, on 18 acres, consist of one 4-unit apartment building with a common laundry & storage cages in the basement, and two 4-unit townhouses with individual basements w/oil tank & washer-dryer hookups. Tenants pay electricity, landlord pays oil in Bldg 696; tenants in Bldgs 698, 700 and #692 (a single family detached home) pay all utilities. Historically 100% occupied w/long-term, stable tenants with month-to-month leases. Well maintained buildings, nicely landscaped w/large, park-like community area for tenants. Original owner. Desirable country area, 15 minutes from the Village of New Paltz and the Mid-Hudson Bridge, 20 minutes to the I-84/I-87 interchange, Newburgh-Beacon Ferry and Stewart International Airport, shopping

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