1255 Lucas Avenue, Rosendale

$295,000

0 Beds
0 Baths
2 Acres
2 Garages

Great 4 unit investment property with a 9.94% 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. The fist floor of the 3 family is a 3 bedroom apartment, second floor is (2) 1-bedroom apartments. 9.94% 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. Please see associated doc's for all additional info and I&E sheet.

Essential Information
MLS® #20202429
Price$295,000
Acres2.00
Year Built1969
TypeMulti-Family
Sub-Type4 Family
StyleTWO STORY
StatusPENDING CONTINUE TO SHOW
Community Information
Address1255 Lucas Avenue
AreaROSENDALE
CityRosendale
CountyUlster County
StateNY
Zip Code12472
Amenities
AmenitiesGARDEN AREA, PLAY AREA
ParkingDRIVEWAY, OFF STREET, 3 CAR +
# of Garages2
GaragesGarage Detached
Interior
AppliancesRANGE, REFRIGERATOR
CoolingCEILING FAN
FireplacesNONE
Interior Features

SMOKE DETECTOR, CARBON MONIXIDE DETECTOR, INSULATED DOORS, STORM WINDOWS, INSULATED LOW E WINDOWS

Heating

BASEBOARD, FORCED AIR, HOT WATER

Exterior
Exterior FeaturesLANDSCAPED
RoofASPH SHINGLE, MEMBRANE
ConstructionFRAME/STICK
Lot Description

LANDSCAPED, LEVEL, SLOPE-GENTLY

School Information
DistrictKINGSTONCONSOLD
Additional Information
ZoningA1
Listing Details
AgentGregory Berardi
OfficeWin Morrison Realty
Property History
Status Changed from ACTIVE to PENDING CONTINUE TO SHOW
Price Increased from $279,900 to $295,000
LISTING MAP

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