312 Shawangunk Lake Road
Pine Bush, NY, 12566 $ 480,000
Baths0.0 Studio
for $480,000. This property was built in 1968 on a lot size of 0.49.
Welcome to an exceptional opportunity in Pine Bush, NY— a meticulously renovated duplex that perfectly caters to those seeking to lower their cost of living through rental income or secure stable returns without the hassle of unexpected repairs. This side-by-side duplex offers two distinct units: a spacious 3-bedroom, 1-bathroom residence that lives like a single-family home, and a generous 1-bedroom, 1-bathroom apartment. Renovated in 2023, this property boasts upgrades including a new kitchen, bathroom, appliances, flooring, insulation, and new drainage to maintain a dry environment. Both units feature convenient in-unit washer and dryers, and additional basement storage. Each unit has its own driveway, ensuring tenant privacy. Conveniently located just minutes from Highway Route 17, residents have easy access to town amenities, Sam's Point/Minnewaska, and Resorts World Casino, making leisure activities and entertainment readily accessible. Currently, both units are leased until May and December of 2024, providing immediate rental income. The units come with separate utilities which the tenants pay under the current lease. With a current 7.5% Cap rate under conservative underwriting, this property presents a solid investment opportunity. Financials are available upon request. Whether you're in search of an owner-occupied residence with income potential or a lucrative investment opportunity, this property offers versatility to suit your needs.
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FeaturesGeneralSewer Septic Tank
Heating Baseboard Oil
Appliances Washer Refrigerator Range Electric Water Heater Dryer Dishwasher
Zoning RAG-2 -
Garage Spaces 2.0
Construction Materials Frame
Year Built 1968
Electric 200+ Amp Service
Tenant Pays All Utilities
Property SubType Duplex
County Ulster
Net Operating Income 6045.0
Insurance Expense 2522.0
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Attached Garage Y
Garage Y/N Y
Status Active
City Pine Bush
Buyer Agent Compensation 2.00
View Y/N N
Senior Community Y/N N
High School District Pine Bush Schools
Total Units 2
MLS Area Shawangunk
Lot Size Square Feet 21344.4
Waterfront Y/N N
Carport Y/N N
Street Name Shawangunk Lake
Tax Annual Amount 5271.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Shawangunk
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Duplex
Standard Status Active
Tax Assessed Value 48000
Tax Lot 15
Taxes 5271.0
Cap Rate 7.0
Buyer Agent Compensation Type %
Legal Description 15 2 312 Shawangunk lake Road
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InteriorBasement Partial Walk-Out Access
Flooring Varies
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Road
Total Baths 0
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ExteriorParking Features Driveway
Water Source Well
Lot Size Area 0.49
Spa N
Lot Dimensions 139ft by 184f
Lot Size Acres 0.49
Road Surface Type Asphalt
Lot Size Units Acres
Open Parking Y/N N
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* Excluded FeaturesList ByTrevor NaumannListing Agent
Bhhs Hudson Valley Prop-NpBroker
tnaumann@bhhshudsonvalley.comEmail
NearbyAbout Pine Bush, NY 11,117 Population
20% Since 2002
$ 79,463 Median Income
42 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
2616136 Elementary School
2615978 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/14/2024 | $480,000 | | Listed Price |