312 Shawangunk Lake Road Pine Bush, NY 12566
Welcome to an exceptional opportunity in Pine Bush, NY a meticulously renovated duplex that perfectly caters to those seeking to lower theircost of living through rental income or secure stable returns without the hassle of unexpected repairs. This side-by-side duplex offers two distinctunits: a spacious 3-bedroom, 1-bathroom residence that lives like a single-family home, and a generous 1-bedroom, 1-bathroom apartment.Renovated in 2023, this property boasts upgrades including a new kitchen, bathroom, appliances, flooring, insulation, and new drainage tomaintain a dry environment. Both units feature convenient in-unit washer and dryers, and additional basement storage. Each unit has its owndriveway, ensuring tenant privacy. Conveniently located just minutes from Highway Route 17, residents have easy access to town amenities, Sam's Point/Minnewaska, and Resorts World Casino, making leisure activities and entertainment readily accessible. Currently, both units areleased until May and December of 2024, providing immediate rental income. The units come with separate utilities which the tenants pay underthe current lease. With a current 7.5% Cap rate under conservative underwriting, this property presents a solid investment opportunity.Financials are available upon request. Whether you're in search of an owner-occupied residence with income potential or a lucrative investmentopportunity, this property offers versatility to suit your needs
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyUlster
- Taxes$5,271
- HOA/Condo/Coop Fees$0
- Days on Site80 Days
- MLS StatusActive
- MLS ID NumberH6295082
- Home Size Source N/A
- Year Built1968
- Lot Size0.49 Acres
- Full Baths2
- Partial BathsN/A
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General Features
- Style Raised Ranch
- Construction Frame
- Parking Attached2 Car AttachedDriveway
- Sewer Septic Tank
- Basement PartialWalk- Out Access
- Acreage 0.49
- Water Well
- Property Sub Type Multi Family
- Garage Spaces 2
- Attached Garage Yes
Interior Features
- Cooling None
- Heating OilBaseboard
- Interior First Floor Bedroom
Exterior Features
- Lot Level
Community Features
- Township Shawangunk
- Senior Community No