Outstanding Investment Opportunity * This countryside setting holds a fully tenanted 4-unit residential building on 1.89 acres. This property also features a cozy 2-bedroom, 1-bath cottage (currently occupied) and a versatile 3-bay steel garage offering additional income potential. Ample parking space for all. Strategically located near the Taconic State Parkway and within a 20-minute drive to both Rhinebeck and Millbrook, this property also enjoys proximity to Amtrak and MetroNorth trains. Blending rural tranquility with accessibility. Pride of ownership shines through with meticulous maintenance: a new roof installed in 2016, modern 1000-gallon concrete septic tanks from 2014, and recent updates to hot water systems (2011 in the main house, 2023 in the cottage) new well pump in 2023 , refurbished chimney with new liner 2024. All units are occupied with current rents positioned below market and suggests a strong upside potential. While utilities for the main house are covered by the owner, cottage residents manage their own, contributing to the overall income generated by this investment. This property currently serves up a 9% cap rate with the potential for increased numbers. Financials available upon request. . Viewings are available to serious buyers / least a 24 hr notice, respecting the privacy and comfort of our tenants. Coin Operated washer/dryer . ****ALL OFFERS are welcome for consideration.*** Call for details.

Interior

  • GeneralFirst Floor Bedroom, Cathedral Ceiling(s), Formal Dining, High Ceilings, Powder Room, Walk- In Closet(s)
  • AppliancesCooktop, Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • LaundryIn Unit
  • BasementBilco Door(s), Full, Unfinished
  • A/Ctrue, Window Unit(s)
  • HeatingOil, Baseboard, Hot Water
  • FireplaceFireplace, Fireplaces: 1
  • FlooringHardwood

Exterior

  • GeneralCottage
  • StyleColonial, Cottage
  • Other StructuresDeck, Patio
  • PoolIn Ground
  • ParkingDetached, 3 Car Detached, Assigned, Driveway, Parking Lot, Parking spaces: 7

Construction

  • WindowsSkylight(s)
  • GeneralTwo

Location

  • Originating MLSonekey
  • School DistrictPine Plains
  • CountyDutchess

Lot

  • Zoning135200-6667-00-524304-0000
  • ViewPanoramic, View

Utilities

  • WaterWell
  • SewerSeptic Tank

Financial

  • Sourceonekey
  • ExclusionsNone

Listing History

  • 06/05/2024$795,000 @ $151 per ft² 3.64%
  • 06/05/2024$825,000 @ $156 per ft² 7.82%
  • 03/08/2024$895,000 @ $170 per ft²
  • 03/08/2024Active
  • 02/06/2024$525,000 @ $100 per ft²
  • 02/06/2024Sold

Property Features

  • 135200-6667-00-524304-0000
  • 3 Car Detached
  • Assigned
  • Baseboard
  • Bilco Doors
  • Cathedral Ceilings
  • Colonial
  • Cottage
  • Deck
  • Detached
  • Driveway
  • Dutchess
  • Fireplace
  • Fireplaces: 1
  • First Floor Bedroom
  • Formal Dining
  • Full
  • Hardwood
  • High Ceilings
  • Hot Water
  • In Unit
  • In- Ground
  • Oil
  • onekey
  • Panoramic
  • Parking Lot
  • Parking spaces: 7
  • Patio
  • Pine Plains
  • Powder Room
  • Septic Tank
  • Skylight(s)
  • true
  • Two
  • Unfinished
  • View
  • Walk- In Closets
  • Well
  • Window Unit(s)

Residential Info

Property Details

Address: 5635 Route 82, Stanford, New York 12514