18 Mountain Turnpike Rd, Catskill, New York, United States

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Home For Sale

$299,000

18 Mountain Turnpike Rd
Catskill, New York, United States

10bd 7ba

Listed By: Realtyww Info

Listed On: 08/24/2024

Listing ID: GL11443206 View More Details

Description

Opportunity awaits at 18 Mountain Turnpike! This six-unit apartment building offers a significant investment potential with a promising estimated gross income of $112, 000 per year. Recent upgrades include a new 6-meter electric panel, a new heating system installed in 2020, and a state-of-the-art engineered 3, 000-gallon septic system also from 2020. The property features ample parking for approximately six cars and includes a two-car garage with three storage units. Please note, the building is currently gutted and requires extensive structural and renovation work, with estimated repair costs ranging from $75, 000 to $100, 000 per unit. This property will not qualify for financing and is being sold AS-IS. This is a perfect project for the savvy investor ready to transform this space into a high-income-generating property. Don't miss out on this exciting opportunity!

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Listed by: Michael Magliocca