7375 New York 28, Shandaken, NY 12480 (MLS# 20264736)

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Property Description
** SHANDAKEN 2-FAMILY -- A CATSKILL MOUNTAIN OPPORTUNITY First-time homebuyer, investor, or looking for a flexible multi-generational living arrangement? This charming two-family property offers a rare combination of income potential, versatility and a prime Catskill Mountain location. Abundant natural light, hardwood floors and original wood moldings radiate a warm Catskill cottage vibe throughout both living spaces that total 4 bedrooms and 2 baths over 2150 square feet. The vacant first floor two-bedroom apartment features an enclosed former porch transformed into a bright sunroom for extra year round space. Upstairs, the second-floor two-bedroom apartment enjoys its own outdoor deck, a serene spot to sip your morning coffee or grill & chill--with mountain views and the southing sound of the quintessential Catskill creek, the Esopus, flowing nearby. A full basement provides generous storage and a shared laundry area, with separate secure access for the first- and second-floor occupants. A detached two-car garage adds even more valuable storage and utility space. For a first-time buyer, rental income from the upper apartment can help with mortgage qualification while providing an ongoing source of income to offset ownership expenses. Investors can rent both apartments for steady cash flow and attractive return potential. The property also lends itself to a mother-daughter arrangement. Or the two apartments could be easily reconfigured into a spacious 4 bedroom, 2 bath single-family residence. Recent improvements including new roof, new washer/dryer, new hot water heater, new UV water purifier and 4 yr old DEP-installed septic system reduce deferred maintenance and offer the next owner a solid foundation for continued ownership and investment. In the coveted Onteora School District, with low property taxes to keep monthly payments down and help resale value. Also note that while in close proximity to the Esopus Creek this property in NOT subject to flood insurance. The location is compelling! Just 10 minutes to Belleayre Mountain skiing and year-round recreation, and steps to renowned Esopus Creek trout fishing. The best the Catskills has to offer is at your fingertips--from hiking, biking, skiing, fishing, swimming and tubing to enjoying the region's celebrated arts, culture and farm-to-table cuisine. Here you have it all! A versatile property with multiple paths to ownership, income, and enjoyment--right in the heart of the Catskills.

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