98 Miller Road, Rhinebeck, NY 12572 (MLS# 20075422)
$1,275,000
Rhinebeck, NY 12572
MLS# 20075422
Status: Closed
1 / 6
Property Description
MOTIVATED SELLER WILL FINANCE WITH 50% DOWN. CONVERTED BRICK MANSION STATELY SITED ON 7.9 PICTURESQUE ACRES. CURRENTLY USED AS A 13 UNIT APARTMENT BUILDING WITH AN ANNUAL NET OF OVER $120,000.00. BUILDING IS IN GOOD CONDITION W/ UPGRADES INCLUDING SPRINKLER SYSTEM, GENERATOR, FLOOR REFINISHING/PAINTING IN SOME UNITS & ROOF RECOATING. PROPERTY IS ABSOLUTELY AMAZING WITH BORDERING STONE WALLS, WATERFALL & STREAM. THIS IS THE IDEAL CONDO CONVERSION PROPERTY FOR INVESTORS.
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: PADYFOTE
Owner Phone: C/O LR
Current Price: $1,275,000
Original List Price: 1700000
Sold Price: $1,275,000
Status: Closed
Listing Contract Date: 2007-10-10
Property Sub Type: Multi Family
Location, Tax, and Legal
School District: Other
Elementary School: Other
General Tax: 4345
School Tax: 11232
Tax Assessed Value: 1121500
Tax Legal Description: 385694, 00, 98 MILLER
Tax Lot: 385694
Tax Block: 00
Zoning Description: COMMERCIAL APT
Directions: LOCATED OFF RT 9G IN RHINEBECK
General Property Information
Number Of Units Total: 13
Lot Size Acres: 7.9
Lot Size Dimensions: IRREG
Association YN: No
Garage YN: No
Garage Spaces: 0
Sign On Property YN: No
Year Built: 1795
Remarks and Miscellaneous
Public Remarks: MOTIVATED SELLER WILL FINANCE WITH 50% DOWN. CONVERTED BRICK MANSION STATELY SITED ON 7.9 PICTURESQUE ACRES. CURRENTLY USED AS A 13 UNIT APARTMENT BUILDING WITH AN ANNUAL NET OF OVER $120,000.00. BUILDING IS IN GOOD CONDITION W/ UPGRADES INCLUDING SPRINKLER SYSTEM, GENERATOR, FLOOR REFINISHING/PAINTING IN SOME UNITS & ROOF RECOATING. PROPERTY IS ABSOLUTELY AMAZING WITH BORDERING STONE WALLS, WATERFALL & STREAM. THIS IS THE IDEAL CONDO CONVERSION PROPERTY FOR INVESTORS.
Status Change Information
Status Change Timestamp: 2009-03-23
Buyer Financing: Seller Financing
Concessions Amount: 0
Major Change Timestamp: 2009-03-24T00:19:18Z
Major Change Type: Status Change
Purchase Contract Date: 2009-02-06
Close Date: 2009-03-23
Close Price: 1275000
Appliances
Dryer: 1
Electric Water Heater: 1
Washer: 1
Water Softener: 1
Basement
Other: 1
Book Information
Liber/Book: 1601
Page: 109
Section: 6270
Construction Materials
Brick: 1
Stone: 1
Cooling
None: 1
Electric
200+ Amp Service: 1
Fireplace Features
Masonry: 1
Other: 1
See Remarks: 1
Flooring
Varies: 1
Heating
Oil: 1
Radiant: 1
Interior Features
Other: 1
Lot Features
Landscaped: 1
Sloped: 1
Parking Features
Paved: 1
Plumbing
Mixed: 1
Sewer
Septic Tank: 1
Showing Considerations
Occupied: 1
Structure Type
Multi Family: 1
Water Source
Well: 1
Income and Expenses
Cap Rate: 8
Electric Expense: 1650
Fuel Expense: 17975
Gross Scheduled Income: 187440
Insurance Expense: 4000
Manager Expense: 99372
Monthly Income: 15620
Net Operating Income: 121494
New Taxes Expense: 15578
Other Expense: 4800
Other Income: 0
Supplies Expense: 7000
Trash Expense: 1170
Water Expense: 3900
Owner Pays
Oil: 1
Tenant Pays
Electricity: 1
Showing Information
Showing Instructions: CALL LR 24HR NOTICE
Historical Information
UC Public Historical Remarks: FIPS Code: NY027, Age: 61-100, Style: Apt. Complex, Lot/Site: Rural, Water Source: Drilled Well
Location Tax and Legal
Street Number: 98
Street Name: Miller
Street Suffix: Road
State: NY
Zip Code: 12572
Town (Taxable): Dutchess
Property Features
Appliances: Dryer; Electric Water Heater; Washer; Water Softener
Basement: Other
Construction Materials: Brick; Stone
Cooling: None
Electric: 200+ Amp Service
Fireplace Features: Masonry; Other; See Remarks
Flooring: Varies
Heating: Oil; Radiant
Interior Features: Other
Lot Features: Landscaped; Sloped
Owner Pays: Oil
Parking Features: Paved
Plumbing: Mixed
Sewer: Septic Tank
Showing Considerations: Occupied
Structure Type: Multi Family
Tenant Pays: Electricity
Water Source: Well
Listing Courtesy of unknownoffice
Listing Agent: unknownagent unknownagent