$895,000
5635 Route 82, Stanford, Dutchess, NY, 12514, USA
MLS#
6293201
Property type
Residential For Sale, Multi-Family, Multi Family
Land size
1.86 acres (0.75 ha)
Bedrooms
5
Baths
4
Bathrooms
4
Sale price per sqm
0 $
Save Listing
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 Details
Year Built:
1900
Description of view:
Panoramic View
Style:
Cottage, Colonial
Construction:
stone
Exterior Description:
Wood Siding
Property Features:
Driveway
Floors:
hardwood
Utilities:
Well, septic tank
Heating System:
Hot Water, Oil
Cooling System:
Window Unit(s)
Lot Description:
Level
Basement and Foundation:
Unfinished
Parking / Garage
Parking type:
Parking Lot, Assigned
School Information
High School District:
Pine Plains
Elementary School:
Seymour Smith Intermediate Lrn Ctr
High School:
Stissing Mountain Jr/Sr High School
Middle School:
Stissing Mountain Jr/Sr High School

Contact Me

  • Rebecca Hanlon
  • Corcoran Country Living
  • Phone: 845-876-6676