1610 Glasco Turnpike, Woodstock, NY 12498 (MLS# 20194002)
$775,000
Woodstock, NY 12498
MLS# 20194002
Status: Closed
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Property Description
Rare Investment Opportunity-If you've ever dreamed of owning an investment property in the 'Saugerstock" (Woodstock/Saugerties) area, this ultimate opportunity may be just the chance you've been waiting for. The demand for rentals is reaching its peak and there are simply not enough available to fulfill the need. This 4 Building, 16 single bedroom unit, expandable, 7 acre complex, just 3 miles from the center of Woodstock, is upgradable to maximum rents with some clever improvements that will increase an already superb financial return. Tenants pay all utilities and this property has the desirable location that will please almost everyone. Serious offers will be considered.
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: Shomer Love Inc
Owner Phone: 594-9863
Current Price: $775,000
Original List Price: 895900
Sold Price: $775,000
Status: Closed
Listing Contract Date: 2019-09-16
Property Sub Type: Multi Family
Location, Tax, and Legal
Township: Saugerties
General Tax: 10101
School Tax: 16013
Tax Assessed Value: 842000
Tax Legal Description: 25,6,1610 Glasco Turnpike
Tax Lot: 25
Tax Block: 6
Zoning Description: res
Directions: Route 212 to left on Glasco Turnpike to first left in driveway. Row of mailboxes across the street from property.
General Property Information
Number Of Units Total: 16
Lot Size Acres: 7.3
Lot Size Dimensions: Irregular
Association YN: No
Garage YN: No
Garage Spaces: 0
Sign On Property YN: No
Year Built: 1970
Remarks and Miscellaneous
Public Remarks: Rare Investment Opportunity-If you've ever dreamed of owning an investment property in the 'Saugerstock" (Woodstock/Saugerties) area, this ultimate opportunity may be just the chance you've been waiting for. The demand for rentals is reaching its peak and there are simply not enough available to fulfill the need. This 4 Building, 16 single bedroom unit, expandable, 7 acre complex, just 3 miles from the center of Woodstock, is upgradable to maximum rents with some clever improvements that will increase an already superb financial return. Tenants pay all utilities and this property has the desirable location that will please almost everyone. Serious offers will be considered.
Status Change Information
Status Change Timestamp: 2020-05-13
Buyer Financing: Seller Financing
Concessions Amount: 0
Major Change Timestamp: 2020-05-13T18:42:24Z
Major Change Type: Status Change
Purchase Contract Date: 2020-04-14
Close Date: 2020-05-13
Close Price: 775000
Appliances
Range: 1
Refrigerator: 1
Book Information
Liber/Book: 16366
Page: TBD
Section: 27-2
Construction Materials
Frame: 1
Lot Features
Landscaped: 1
Level: 1
Secluded: 1
Sewer
Septic Tank: 1
Showing Considerations
Occupied: 1
Structure Type
Multi Family: 1
Water Source
Well: 1
Income and Expenses
Cap Rate: 0
Gross Scheduled Income: 7020
Insurance Expense: 5400
Monthly Income: 5850
Net Operating Income: 0
New Taxes Expense: 26114
Other Income: 0
Trash Expense: 800
Owner Pays
Taxes: 1
Tenant Pays
All Utilities: 1
Unit 1 Information
Actual Rent: 650
Baths Full: 1
Baths Total: 1
Beds Total: 1
Unit 2 Information
Actual Rent: 650
Baths Full: 1
Baths Total: 1
Beds Total: 1
Unit 3 Information
Actual Rent: 650
Baths Full: 1
Baths Total: 1
Beds Total: 1
Unit 4 Information
Actual Rent: 650
Baths Full: 1
Baths Total: 1
Beds Total: 1
Unit 5 Information
Actual Rent: 650
Unit 6 Information
Actual Rent: 650
Showing Information
Showing Instructions: CALL LISTING AGENT CINDY
Historical Information
UC Public Historical Remarks: FIPS Code: NY111, Age: 41-60, Style: Apt. Complex, Water Source: Drilled Well
Location Tax and Legal
Street Number: 1610
Street Name: Glasco
Street Suffix: Turnpike
State: NY
Zip Code: 12498
Town (Taxable): Saugerties-Town
Property Features
Appliances: Range; Refrigerator
Construction Materials: Frame
Lot Features: Landscaped; Level; Secluded
Owner Pays: Taxes
Sewer: Septic Tank
Showing Considerations: Occupied
Structure Type: Multi Family
Tenant Pays: All Utilities
Water Source: Well
Listing Courtesy of Win Morrison Realty
Listing Agent: Cindy Vansteenburg