Property Details

Overview

Investors! Brand New Luxury 4-Unit Apartment Building. Each spacious 2 Bed, 1.5 Bath 2-story apt offers a stunning kitchen w/ upgraded cabinets, stainless appliances, DW and stone counters. 10’ ceilings and open plan seamlessly connects living & dining areas. High-end bathrooms feature premium, fixtures, tiled tub, & 8’ glass doors. Large windows and closets abound. Separate high-efficiency 2-zone central heating & cooling and HW, and all utilities are separately metered and paid by the tenants. Each unit features a grand oak staircase, WD closet, 2 off-street parking spots, private entry & deck, and double sound barrier walls. All units rented quickly at over $10k/mo total, yielding income of $115k/yr w/ a 5% vacancy factor, and an 8%+ cap rate after expenses. Located in the charming and vibrant Village of Wurtsboro, the town in the Catskills closest to NYC, hiking and biking trails run thru town, many mountains are close by, and the many shops and eateries are within a few blocks.