Outstanding Investment Opportunity * This countryside setting holds a fully tenanted 4-unit residential building on 1.89 acres. This remarkable 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 boast long-term tenants, with current rents positioned below market rates, suggesting 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 not only promises a robust current income but also the opportunity to enhance its capitalization rate. 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.

Interior

  • GeneralHigh Speed Wiring
  • RoomsFoyer
  • AppliancesRange, Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • LaundryIn Unit
  • BasementBilco Door(s), Full, Unfinished
  • A/Ctrue, Window Unit(s)
  • HeatingOil, Baseboard, Hot Water
  • FireplaceFireplaces: 1
  • FlooringHardwood
  • Disability FeatureAccessible Bedroom, Accessible Full Bath
  • Eco/Green FeatureSolar

Exterior

  • GeneralCottage
  • StyleColonial, Cottage
  • ParkingAssigned, Driveway, Parking Lot, Parking spaces: 7
  • Other StructuresDeck
  • ImprovementsNone
  • PoolIn Ground Pool

Construction

  • RoofingRubber
  • WindowsDouble Hung
  • GeneralFrame, Cottage, Brick/ Mortar

Location

  • CountyDutchess
  • Road/AccessState Road, Paved Road
  • Originating MLSonekey
  • School DistrictPine Plains
  • HOA Amenities0.0

Lot

  • DrivewayPrivate
  • Zoning135200-6667-00-524304-0000
  • RestrictionsEasements
  • Current UseSki area
  • ViewPanoramic, View
  • TopographyUsable
  • FencingFenced

Utilities

  • WaterWell
  • SewerSeptic Tank
  • Utilities200 Amp

Financial

  • Sourceonekey
  • Buyers Agent Compensation2%
  • ExclusionsM3 IAW
  • Listing Agent Compensation0

Listing History

  • 03/08/2024$895,000 @ $170 per ft²
  • 03/08/2024Active
  • 02/06/2024$525,000 @ $100 per ft²
  • 02/06/2024Sold

Property Features

  • 0
  • 0.0
  • 135200-6667-00-524304-0000
  • 2
  • 200 Amp
  • Accessible Bedroom
  • Accessible Full Bath
  • Assigned
  • Baseboard
  • Bilco Doors
  • Brick/Mortar
  • Colonial
  • Cottage
  • Deck
  • Double Hung
  • Driveway
  • Dutchess
  • Easements
  • Fenced
  • Fireplaces: 1
  • Foyer
  • Frame
  • Full
  • Hardwood
  • High Speed Wiring
  • Hot Water
  • In Unit
  • In- Ground Pool
  • M3 IAW
  • Oil
  • onekey
  • Panoramic
  • Parking Lot
  • Parking spaces: 7
  • Paved Road
  • Pine Plains
  • Private
  • Rubber
  • Septic Tank
  • Ski area
  • Solar
  • State Road
  • true
  • Unfinished
  • Usable
  • View
  • Well
  • Window Unit(s)

    Residential Info

    Property Details

    Address: 5635 Route 82, Stanford, New York 12514