14 Main Street , multi
House · Dutchess County · $622,500
Located on the Hudson River waterfront literally steps from the Metro North New Hamburg train station. This 7,127 sft, 3 story, multifamily house is a great investment opportunity.
The fully occupied property was built as a church in 1850 and converted into a 4 family apartment building with an additional artist studio. What makes the property unique is its location with spectacular river views from each apartment. The private parking lot and 1 minute walk to the station are ideal for commuting by either train or car to NYC.
Studio: 1200 SF - $ 800 p/m
Apt 1: 1000 SF, 2 bed, 1 bath - $1,125 p/m
Apt 2: 1100 SF, 2 bed, 1 bath - $1,236 p/m
Apt 3: 1100 SF, 2 bed, 1 bath - $1,350 p/m
Apt 4: 2200 SF, 2 bed, 2 bath penthouse - $1,850 p/m
Total annual income: $ 76,332
Total annual expenses: $ 17,158
Net Operating Income: $ 59,174
CAP rate 9.5%
WebID: 44693 - Listing Courtesy of Edward N. Kalisvaart
- 8BR
- 5BA
- 7127SQFT