About 1563-1567 Route 28
Terrific, well-maintained investment property where tenants pay all utilities, just a few minutes into Woodstock and 12 minutes to Kingston. It's a desirable location for any tenant with plenty of backyard for all three and a quick walk to the Rail Trail. Brand new $38,000 septic system, new furnace for 2-bedroom unit and new electric water heaters. The three units are side by side, affording privacy for all tenants: no noisy neighbors upstairs. All units are currently vacant for sale purposes but has served the current owner well, always rented, although the rents were under market. Rents projected, in a rental market where long-term rental inventory seems to be at an all-time, low reflect current market value market value. Cap rate would be a very healthy 8.9 per cent. (One of the listing agents is the owner of the property.)
Features of 1563-1567 Route 28
| MLS® # | 20231266 |
|---|---|
| Price | $470,000 |
| Bathrooms | 3.00 |
| Acres | 1.51 |
| Year Built | 1951 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Style | Cape Cod |
| Status | Closed |
Community Information
| Address | 1563-1567 Route 28 |
|---|---|
| Area | Hurley |
| City | Glenford |
| State | NY |
| Zip Code | 12433 |
Amenities
| Parking | Driveway |
|---|---|
| Is Waterfront | No |
Interior
| Appliances | Refrigerator, Range, Electric Water Heater |
|---|---|
| Heating | Electric, Hot Water, Oil, Propane, Steam |
| Fireplace | No |
Exterior
| Exterior | Frame |
|---|---|
| Lot Description | Level |
| Roof | Asphalt, Shingle |
| Construction | Frame |
School Information
| District | Onteora Central |
|---|
Additional Information
| Zoning | RES 1 |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Unknownagent Unknownagent |
|---|---|
| Office | unknownoffice |