Fantastic Multi-Family in Downtown Catskill – 11%+ Cap Rate

Fantastic Multi-Family in Downtown Catskill – 11%+ Cap Rate
28 New St, Catskill, NY 12414, USA
For Sale $387,000 - Multi-Family
192601-156.70-4-12 2488 sq ft 5 Bedrooms 4 Bathrooms 1 Garage

Instant Income! Sellers moving abroad. New roof, new gutters, new furnace, new stairs, 5 bedrooms (2 in the main apartment), 4 kitchens, 4 bathrooms, double pane storm windows, finished large basement with washer/dryer with new kitchens and bathrooms. You literally do not have to do a thing.

Located on a quiet street, only two blocks from the historic center, the creek, cinema, antique stores, coffee shops, nightlife, performance venues and restaurants. Five minutes to Catskill Point overlooking the Hudson River. Short drive to ski resorts, lakes, waterfalls and more. The property features 3 renovated apartments and a stunning bonus on the top floor: a large open studio, overlooking the gorgeous Catskill Mountain sunsets.

Beautiful backyard perennial garden with fruit trees. Long rental occupancy history. Rent all four units or live in the main apartment and rent the units above and still pay for utilities, insurance, taxes AND put money in your pocket every month. You must see the property to understand it’s beauty and value. Make an appointment now.

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