202 Paul Saxe Rd Catskill, NY 12414
- Small apartment buildings
- 3,240 SF
- 1.70 lot acres
Current Use by Public Records
- Small apartment buildings
Property Details for 202 Paul Saxe Rd
- Lot size
- 1.70 lot acres
- Property size
- 3,240 SF
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity presents a 5-unit apartment building situated on a generous 1.7-acre lot in Catskill, NY, at 202 Paul Saxe Road, zip code 12414. The property boasts a total of 3,240 square feet and offers four 2-bedroom, 2-bathroom apartments, each featuring an open floor plan and abundant natural light. Four of the eight bathrooms have undergone renovations within the last five years, contributing to high tenant satisfaction and occupancy rates. A fifth unit, a sizable storage barn, is also currently rented, adding to the property's income stream. Ample parking is available for all units and the barn. Currently generating a nearly 8% cap rate, this property presents significant potential for increased returns through market rent adjustments. Its prime location offers easy access to local amenities, including Story Farm, and is conveniently situated within a 10-15 minute drive of Catskill, Saugerties, and Cairo. This multifamily property presents a compelling investment opportunity, whether for seasoned investors or those seeking to build their real estate portfolio. The property's consistent returns and strong business model promise long-term growth and profitability in a highly desirable Hudson Valley location. The property is easily accessible via State Route 23A and Mountain Turnpike.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Catskill
- County
- Greene
- State
- New York
- Longitude
- -73.9679177
- Latitude
- 42.215551
