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Helen Coyle Bergstein

Helen Coyle Bergstein
Nest Realty Co.
New Paltz, NY 12561

845-417-7242
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Listing 3 out of 9
$279,900 For Sale

1255 Lucas Avenue
Rosendale, NY 12472

4 units | Multi Family Home
2 acres - MLS# 20184976
Property Photo
1/18

Description

Great 4 unit investment property with a 9.57% cap rate at asking price. Property consists of a solid 3-family home, detached 2 bedroom mobile home and a detached 2 car garage. The home and trailer are set off the road on a sprawling 2 acre parcel great for owner use or land for tenants to enjoy. First floor 3 bedroom apartment has been recently vacated, we are leaving that unit vacant to make showings easier, owner will rent the unit prior to closing if a buyer requests. 9.57% cap rate at asking price includes all expenses, $1,200 lawn/snow expense, 3% vacancy rate and a 3% repair and maintenance expense. Owner pays the heat and hot water for the 3-family home (oil boiler) tenants pay the electric, mobile home tenant pays all their own expenses. There are two wells and two septic system on the property, one for the 3-family and one for the mobile home. 3-family has a newer concrete septic tank and a new septic line going from the house to the tank. The mobile home has a newer plastic septic tank. Roof on the 3-family is about 4-5 years old, architectural 30 year shingle. First showing we can only see the vacant 3 bedroom unit, utility room for the 3-family, 2 car detached garage and all the grounds. Second showing we can see all the other occupied units.

Features

  • Property Type: Multi Family Home
  • Sub Type: 4 Family
  • Listing Status: Active
  • County/Area: Ulster County
  • Zip Code: 12472
  • Year Built: 1969
  • Age: 41-60
  • School District: Kingstonconsold
  • Units: 4 units
  • Basement: Finished, Full, Walkout
  • Garage: 2-Car, Garage Detached
  • # of Parking Spaces: 2
  • Lot Size: 2 acres
  • Zoning: A1
  • Area: Rosendale
  • Amenities: Garden Area, Play Area
  • Annual Expenses: 15556
  • Annual Income: 44160
  • Annual Net: 27279
  • Appliances: Range, Refrigerator
  • Attic: St/Cr
  • Building Style: Two Story
  • Cap Rate: 9
  • Condition: Very Good, Good
  • Construction: Frame/Stick
  • Cooling/Air Conditioning: Ceiling Fan
  • Driveway: Gravel
  • Electric: 420
  • Electricity: 100 Amps
  • Exterior Features: Landscaped
  • Floors: Ceramic, Hardwood, Vinyl
  • Fuel: 3332
  • Garage/Parking Extras: Driveway, Off Street, 3 Car +
  • Heat Source: Baseboard, Forced Air, Hot Water
  • Heating Fuel: Oil
  • Hot Water: Electric, Oil
  • Insurance: 1800
  • Interior Features: Smoke Detector, Carbon Monixide Detector, Insulated Doors, Storm Windows, Insulated Low E Windows
  • Kitchen Description: Custom Cabinets, Cabinets Wood
  • Lease Type: Month To Month
  • Lot Block Address: 16,1,1255 Lucas Avenue
  • Lot Dimensions: Irregular
  • Lot Features: Landscaped, Level, Slope-Gently
  • Lot/Site: Rural
  • Miscellaneous: 2756
  • Monthly Income: 3680
  • Owner Pays: Insurance, Maintenance, Oil, Repairs, Taxes, Trash, Insurance
  • Plumbing: Mixed
  • Porch: Deck, Patio
  • Roof: Asph Shingle, Membrane
  • Sewer: Septic-Ingr.
  • Siding: Aluminum
  • Spec. Info: Rent Roll
  • Supplies: 1200
  • Tenant Pays: All Utilities, Electric, Electric
  • Total Taxes: 6279
  • Trash: 1200
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Rent: 1450
  • Unit 1 Sqft: 1400
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 1
  • Unit 2 Rent: 650
  • Unit 2 Sqft: 700
  • Unit 3 Baths: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Rent: 800
  • Unit 3 Sqft: 700
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 2
  • Unit 4 Rent: 780
  • Unit 4 Sqft: 600
  • Unit 5 Rent: 150
  • Unit 5 Sqft: 250
  • Water: Drilled Well, Well
Courtesy of Win Morrison Realty
Helen Coyle Bergstein
Nest Realty Co.
Broker/Owner
114 Plains Road, New Paltz, NY 12561
(845) 417-7242 Mobile
helen@nestrealtyco.com

More About Me

Testimonials

Helen knows the area thoroughly and showed us a number of properties in New Paltz. She was extremely patient as we decided to not pursue a few, often after multiple visits. Then, for the property we bought, she called us minutes after it became listed, got us the first showing, and we made an offer that was accepted. The house was not shown to any other parties and we had a signed contract and closed quickly. Through every step, including about the mortgage application, we received excellent guidance. Helen really came through for us and we now have a house we are truly happy with. Allen Ross
A joy to work with. Really not what I had come to expect. Straightforward, an advocate, not treating my small sale as anything lesser. I hope I have the opportunity to work with her again. I will definitely pass her name along! Itty - New Paltz
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