5759 Route 23A Tannersville, NY 12485

1 / 51

View all 51 Photos

Map

Introducing a remarkable investment opportunity nestled within the scenic surroundings of Tannersville, NY. This property boasts 9 apartments and 2 commercial office spaces, spread over a .93-acre parcel. Located a mere 3 miles from the thrilling slopes of Hunter Mountain Ski Resort and 2 miles from the serene beaches and trails of North/South Lake, this property promises a unique blend of serene living and outdoor adventure. Offering an attractive proposition for investors, this property generates considerable rental income with a strong history of full occupancy. Annual income is $102, 120, expenses are approximately $42, 118 with a $60, 002 annual profit. The diverse array of living spaces includes studios, one-bedroom units, and exclusive units featuring lofts, with rental rates ranging from $750 to $925 per month. In addition to the residential units, the two office spaces have potential to yield $500 per month A lasting testament to its appeal is the current ownership stretching over 35 years, during which it has attracted and retained responsible tenants. Conveniently located just 2 hours from NYC, this property stands out as a gateway to the plethora of leisure activities the area has to offer, including skiing at Hunter and Windham Mountains, hiking at Katterskill Falls, and several nearby golf courses. With such a diverse range of attractions, this investment opportunity is poised to attract a steady stream of tenants year-round. View at https://www.youtube.com/watch?v=u3Iydnq2LKc (Youtube video is dated 2013 and was created by the owner/seller). Photos provided in this listing are owned by the seller. The photos have been taken over the years.