Price Reduced 15.74%
Price History
$4,925,000
11/11/2024
$4,150,000
3/14/2025
20 Church Street, Claverack, NY, 12565
0 beds
34,576 sqft
This exclusive opportunity features a portfolio of seven properties in Philmont, NY, offering a mix of residential units across various addresses, all within a few block radius. The seller, a seasoned investor, prefers to sell the portfolio as a whole, though individual sales are possible. This portfolio offers an immediate income-generating investment with a projected NOI of $447,500. With a mix of fully renovated units and others primed for upgrades, the portfolio promises both stability and growth potential. Each property has been maintained by the owner, who employs a team of contractors and utilizes DoorLoop for seamless property management. This portfolio offers immediate returns and long-term appreciation in a market with rising property values and increasing demand.Portfolio Highlights:Located in the up-and-coming village of Philmont, NY in the Hudson Valley, attracting both locals and city dwellers.Extensive full renovation of 62 Main Street. This key building features 6 newly renovated units, a fully restored facade, new insulation, replacement of central oil heat with electric heating in each unit, and all new bathrooms.Strong mix of unit sizes--from 1-bedroom units to larger 3-bedroom duplexes--offering a variety of rental options.Low landlord expenses on renovated properties. Recent upgrades, including new HVAC systems and electric heating, reduce operational costs and increase profitability.Transferable management software. The current owner uses the state-of-the-art DoorLoop online system to manage tenants and maintenance, leasing, applications, background checks, and rent collections, which can easily be transferred to new ownership.Opportunities for value-add improvements.
Status:
Active
Type:
Multi-family
Units:
36
Heating:
Other
Basement:
Dry, Full, Block, Other, Walk-Up Access
Parking:
Available with some buildings
Assessment
$184,470
High School:
Taconic Hills
School District:
Taconic Hills
Days on Market:
139
MLS #:
154962
Community Info
School Info
Walk Score
Mass Transit
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Listing courtesy of Houlihan Lawrence Inc.