47
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$1,775,000
Est. payment /mo
4.5 Acres Lot
New
4 White Birch LN Mount Tremper, NY 12457
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1035529
Style Flats
Rental Info No
Year Built 1960
Annual Tax Amount $13,226
Lot Size 4.500 Acres
Acres 4.5
Property Sub-Type Multi Family
Source onekey2
Property Description
Woodstock Apartment Complex - Rare opportunity to acquire an established 15-unit multifamily investment in the Woodstock, NY Hamlet of Wittenberg. Situated on 4.5 acres in a peaceful rural setting, the property combines stable income with significant value-added potential in one of the Hudson Valley's strongest, most sought-after rental markets. The complex consists of 15 studio and one-bedroom apartments housed within a main building which also includes a lobby/common entry area. Two detached outbuildings provide ancillary space for management offices, tenant laundry facilities and additional storage. Designed for efficient operation, each apartment is equipped with individually metered electric service, with electric heat and electric stovetops throughout, allowing tenants to pay for their own utilities. The property is served by a private well and a recently reconstructed septic system completed through the DEP's Catskill Watershed Corporation, providing peace of mind for future ownership. Roofing on the main building is new. Cable/wifi and common area maintenance provided by landlord. Steady passive income generated by a pro forma CAP rate of 7.3 can readily be improved upon. Despite consistently strong rental demand, at least 5 apartment units are scheduled to be delivered vacant, allowing a new owner to address deferred maintenance, upgrade finishes and lease units at market rates without tenant displacement. Great location between the villages of Woodstock and Phoenicia with all the Hudson Valley/Catskill Mountain has to offer--world class natural beauty, hiking, biking, fishing, skiing, arts, live music, culture and cuisine--all in one place!
Location
State NY
County Ulster County
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Parking Features Common, Off Street, Parking Lot
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Total Parking Spaces 15
Building
Lot Description Part Wooded
Sewer Septic Tank
Water Well
Structure Type Shake Siding
Schools
High Schools Onteora
School District Onteora
Others
Special Listing Condition None
Listed by Halter Associates Realty Inc • Pieta Williams
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