107 Main Street, High Falls

$475,000

0 Beds
0 Baths
.52 Acres
0 Garages

Own a piece of history. Fabulous multi-use property in the center of historic High Falls with a strong base tenant, the High Falls Post Office. Add to that a two-bedroom apartment, a spacious one bedroom apartment as well as a charming office suite with powder room and have it all. The Post Office comprises approximately 1000 sq ft of retail space with multiple storefront windows looking out on the Center of High Falls. This thriving community is historic and offers much to do. Enjoy the D&H Canal's Five Locks Walk, the D&H Canal Historical Society and Museum, the spectacular walk along the waterfalls, a weekly flea market and many fabulous restaurants, antique shops and galleries. All easy walking distance! There is even an annual Christmas Tree Lighting, a Pet Show. A perfect property for producing income, living and working, or both! If desired, the 2 apartments can easily be reconfigured into one gracious 1450 sq foot living space and the 3rd floor office with powder room is ideal for a professional space and offers both charm and sophistication. Numbers used for residential rental units (2) as well as upper level office space are below market value because they were used/rented by friends. Cautious projected rent for the 3 units is $3100@ month/$18,500 yearly with an additional income from the Post Office who's current lease is $2000 @ month and runs through 12/31/2023. Therefore: $5,100 @ month and $61,200 yearly.

Essential Information
MLS® #20202214
Price$475,000
Acres0.52
Year Built1920
TypeMulti-Family
Sub-TypeMulti-Unit
StyleTWO STORY
StatusACTIVE
Community Information
Address107 Main Street
AreaMARBLETOWN
SubdivisionHIGHFALLS
CityHigh Falls
StateNY
Zip Code12440
Amenities
ParkingLOT-PAVED, 3 CAR +
GaragesNone
Interior
Interior FeaturesCABLE AVAILABLE
AppliancesRANGE, REFRIGERATOR, WASHER
HeatingBASEBOARD
CoolingWINDOW UNIT
Exterior
Lot DescriptionPARKING LOT
RoofASPH SHINGLE, METAL
ConstructionFRAME/STICK
School Information
DistrictRONDOUT VALLEY
Additional Information
ZoningRes
Listing Details
AgentAmy Levine
OfficeBHHS HUDSON VALLEY PROP-SR
LISTING MAP

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