330 Route 55, Napanoch
Solid 7 unit apartment building with detached 1 bedroom cottage located in the convenient Wawarsing Town, close to Route 209, Ellenville and major shopping. This second generation owned property is well managed with a very low vacancy, most tenants are long term with well maintained apartments. There are (5) one bedroom units and (2) two bedroom, two story units and a 1 bedroom detached cottage. The apartment building has a large storage area/utility room that has a washer and dryer hookup. An oil boiler does heating and hot water and the owner also has a outdoor coal burning furnace if a buyer would like to keep the heating costs very low. Owner pays for all utilities, each unit has its own heating thermostat. At asking price the property has a 9.24% cap rate including all expenses, 5% repair and maintenance and a 5% vacancy rate. Motivated seller!! Full income and expense sheet is available. Land is on both sides of the street and property fronts the Rondout Creek, tenants can enjoy plenty of off street parking, yard space and fishing and boating on the Creek.
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.