2968 Route 28, Shokan

$525,000

0 Beds
0 Baths
0 Sqft
.92 Acres
2 Garages

Here’s a Great Opportunity to own a Versatile Multi-Unit Property. It Features High Visibility on State Route 28 with Five Fully Occupied Apartments and a Professional Office Space for your Business currently used by the Owner. If you don’t have a business then rent the Office Space for additional Income. The front Building houses the Owners Office and two Nice Apartments. The back Building has Three more Apartments and a Workshop. There are three additional Outbuildings and a Garage on the property also. The 8.5% Cap Rate incorporates a 5% Vacancy Rate and reflects Income for the Apartments only so there’s ample room for Improvement. Almost directly across the street is access to the new Ashokan Rail Trail with miles of Scenic Views whether you’re walking, running or biking. Conveniently located in Shokan it’s about 10 minutes to Woodstock or Phoenicia and striking distance to plenty of shops, restaurants and hiking trails. Videos of the Apartments will be posted in the Addendum. Please review them before making an appointment to visit the property.

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