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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

Hi Helen,
Thank you so much for making the house buying experience fun, magical and seamless! 
Aileen - Woodstock
Dear Helen,
Thank you so much for working your magic and being our guide on this fabulous journey! It's been such a joyous and smooth process, in no small part because of your positive energy and hard work. Wishing you all the best,

 
Gabriela and Daniel - Kingston
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