385 Main Street

Fully Executed Contract

Located on the Main St in the Village of Rosendale, within walking distance to the Tressel and Rail train expanding from Kingston to New Paltz. Rosendale is a quaint artsy community with great restaurants, shops, and the Rondout Creek. The 3-Unit apartment building offers three levels of living with one apartment on each floor. The first floor has been nicely updated with 2 bedrooms, fresh paint, and refinished flooring, currently rented at $1,150 a month. The second floor is also a 2-bedroom unit, rented to a long-term tenant at $800 a month. The third-floor unit is a 1 bedroom unit, also rented to a long-term tenant at $950 a month. The building has vinyl siding and an architectural shingle roof, and most windows have been replaced. The basement is full, the heating is oil (3-zones) and the hot water is electric (2 newer hot water heaters). The owner supplies the heat, hot water, and cooking gas, and tenants pay for electricity. There are 4 electric meters (one is a LL meter) and each unit has a propane stove. Each apartment has its own thermostat so if a new buyer wanted to separate the heating the units are already zoned for that. All rents are well below market rate, see associated docs for the income and expense sheet along with additional info. The listing agent is the owner.

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Address:385 Main Street
County:Ulster County
State:New York
Zip Code:12472
Year Built:1890
Lot Square Feet:0.090 acres
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