$895,000
Active
70 Days Online
5 Beds4 Baths5,272 SQFT
Active

5635 Route 82 Clinton Corners, NY 12514

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Outstanding Investment Opportunity * This countryside setting holds a fully tenanted 4-unit residential building on 1.89 acres. This remarkable property also features a cozy 2-bedroom, 1-bath cottage (currently occupied) and a versatile 3-bay steel garage offering additional income potential. Ample parking space for all. Strategically located near the Taconic State Parkway and within a 20-minute drive to both Rhinebeck and Millbrook, this property also enjoys proximity to Amtrak and MetroNorth trains. Blending rural tranquility with accessibility. Pride of ownership shines through with meticulous maintenance: a new roof installed in 2016, modern 1000-gallon concrete septic tanks from 2014, and recent updates to hot water systems (2011 in the main house, 2023 in the cottage) new well pump in 2023 , refurbished chimney with new liner 2024. All units boast long-term tenants, with current rents positioned below market rates, suggesting a strong upside potential. While utilities for the main house are covered by the owner, cottage residents manage their own, contributing to the overall income generated by this investment. This property not only promises a robust current income but also the opportunity to enhance its capitalization rate. Viewings are available to serious buyers / least a 24 hr notice, respecting the privacy and comfort of our tenants. Coin Operated washer/dryer . ALL OFFERS are welcome for consideration.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyDutchess
  • Taxes$7,078
  • HOA/Condo/Coop Fees$0
  • Days on Site70 Days
  • MLS StatusActive
  • MLS ID NumberH6293201
  • Home Size Source N/A
  • Year Built1900
  • Lot Size1.86 Acres
  • Full Baths4
  • Partial BathsN/A

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General Features

  • Style ColonialCottage
  • Construction FrameStoneWood Siding
  • Parking AssignedDrivewayParking Lot
  • Parking Spaces 7
  • Sewer Septic Tank
  • Basement Bilco Door(s)FullUnfinished
  • Acreage 1.86
  • Water Well
  • Property Sub Type Multi Family
  • Garage Spaces 0
  • Attached Garage No

Interior Features

  • Cooling Window Unit(s)
  • Heating OilBaseboardHot Water
  • Flooring Hardwood

Exterior Features

  • View Panoramic
  • Lot Level

Community Features

  • Township Stanford
  • Senior Community No

Schools

School District
Pine Plains
Elementary School
Seymour Smith Intermediate Lrn Ctr
Middle School
Stissing Mountain Jr/Sr High School
High School
Stissing Mountain Jr/Sr High School

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Monthly Payment (Est.)

$4,773
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