$480,000
312 Shawangunk Lake Road, Shawangunk, Ulster, NY, 12566, USA
MLS#
6295082
Property type
Residential For Sale, Multi-Family, Multi Family
Land size
0.49 acres (0.2 ha)
Bedrooms
4
Baths
2
Bathrooms
2
Sale price per sqm
0 $
Save Listing
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 Details
Year Built:
1968
Style:
Raised Rancher
Property Features:
Driveway, Garage
Utilities:
Well, septic tank
Heating System:
Oil
Lot Description:
Level
Basement and Foundation:
Walk out Basement, Basement - Partial
Parking / Garage
Garage Spaces:
2
Garage Description:
Attached Garage
Carport Description:
Attached Carport
School Information
High School District:
Pine Bush
Elementary School:
Call Listing Agent
High School:
Pine Bush Senior High School
Middle School:
Crispell Middle School

Contact Me

  • Trevor Naumann
  • BHHS Hudson Valley Properties
  • Phone: 845-255-9400