296 Main Street, Rosendale, New York 12401 (MLS# H6241495)

Residential Income listing in Ulster County


Listing IDH6241495
Sold For$350,000
StatusClosed
Sold Date8/24/2023
Bedrooms4
Total Baths4
Full Baths4
Home SqFt 3,766
Acres 0.210
CountyUlster
Year Built1965
Property TypeResidential Income
Property Sub TypeMulti Family
Investment opportunity on popular Main Street in Rosendale! This multi-family house has 4 separate units, all of which are currently occupied by tenants who would like to stay. All units are one-bedroom, one bath, differing in size. Some features include wood floors, large windows, newer kitchen cabinets and tub/shower combo in bathrooms. Also included is off street parking with shared driveway and a shared backyard, both maintained by current owner. Conveniently located between Kingston and New Paltz, on the UCAT bus route, walking distance to Trailways Bus stop as well as many great restaurants, the Rosendale Theatre and other shops on Main Street. Cap rate based on current rate is 7, rents are under market value and could easily be increased, improving the cap rate to at least 10%.

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