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1255 Lucas Avenue
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2.00 Acres

$279,900

Multi-FamilyMLS #20184976195 Days

Great 4 unit investment property with a 9.57% cap rate at asking price. Property consists of a solid 3-family home, detached 2 bedroom mobile home and a detached 2 car garage. The home and trailer are set off the road on a sprawling 2 acre parcel great for owner use or land for tenants to enjoy. First floor 3 bedroom apartment has been recently vacated, we are leaving that unit vacant to make showings easier, owner will rent the unit prior to closing if a buyer requests. 9.57% cap rate at asking price includes all expenses, $1,200 lawn/snow expense, 3% vacancy rate and a 3% repair and maintenance expense. Owner pays the heat and hot water for the 3-family home (oil boiler) tenants pay the electric, mobile home tenant pays all their own expenses. There are two wells and two septic system on the property, one for the 3-family and one for the mobile home. 3-family has a newer concrete septic tank and a new septic line going from the house to the tank. The mobile home has a newer plastic septic tank. Roof on the 3-family is about 4-5 years old, architectural 30 year shingle. First showing we can only see the vacant 3 bedroom unit, utility room for the 3-family, 2 car detached garage and all the grounds. Second showing we can see all the other occupied units.

Essential Information

  • MLS® #20184976
  • Price$279,900
  • Acres2.00
  • Year Built1969
  • TypeMulti-Family
  • Sub-Type4 Family
  • StyleTWO STORY
  • StatusACTIVE

Interior

  • Interior FeaturesSMOKE DETECTOR, CARBON MONIXIDE DETECTOR, INSULATED DOORS, STORM WINDOWS, INSULATED LOW E WINDOWS
  • AppliancesRANGE, REFRIGERATOR
  • HeatingBASEBOARD, FORCED AIR, HOT WATER
  • CoolingCEILING FAN
  • FireplacesNONE

Additional Information

  • ZoningA1

Community Information

  • Address1255 Lucas Avenue
  • AreaROSENDALE
  • CityRosendale
  • StateNY
  • Zip Code12472

Exterior

  • Exterior FeaturesLANDSCAPED
  • Lot DescriptionLANDSCAPED, LEVEL, SLOPE-GENTLY
  • RoofASPH SHINGLE, MEMBRANE
  • ConstructionFRAME/STICK

Listing Details

  • Listing AgentGregory Berardi
  • Listing OfficeWin Morrison Realty

Amenities

  • AmenitiesGARDEN AREA, PLAY AREA
  • ParkingDRIVEWAY, OFF STREET, 3 CAR +
  • # of Garages2
  • GaragesGarage Detached

School Information

  • DistrictKINGSTONCONSOLD

Price Change History for 1255 Lucas Avenue, Rosendale, NY (MLS® #20184976)

Date Details Price Change
Price Reduced $279,900 $5,100 (1.79%)
Price Reduced (from $295,000) $285,000 $10,000 (3.39%)
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