$530,000
$650,000
18.5%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
4 Baths
4.71 Acres Lot
SOLD DATE : 11/20/2024
Key Details
Sold Price $530,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID KEYH6316535
Sold Date 11/20/24
Bedrooms 6
Full Baths 4
Originating Board onekey2
Rental Info No
Year Built 1975
Annual Tax Amount $9,000
Lot Size 4.710 Acres
Acres 4.71
Property Description
Great opportunity to purchase a Fourplex, this property presents a prime value-add investment opportunity in sought-after Rhinebeck, NY! The property comprises 2 two-bedroom apartments, and 2 one-bedroom apartments. All the units are provided with electric kitchens and electric zone-baseboard heating. Each apartment has its own electric meter, and there is a separate landlord meter that provides power to the well pump, lighting in the service rooms, and parking lot. There is also a small, shared laundry room on the ground floor, with a coin operated washer and dryer. The property boasts impressive landscaping and comes with 4-plus acres of buildable land adjacent to the existing structure. Plenty of parking available as there is 8 marked parking spaces and ample room for additional guest parking. All tenants are currently renting on a month-to-month basis, all four units have been fully occupied for years. This investment property is unique and presents good upside for new ownership!
Location
State NY
County Dutchess County
Interior
Heating Electric, Baseboard
Cooling Individual Units
Fireplace No
Appliance Electric Water Heater
Laundry Common Area
Exterior
Garage Driveway
Utilities Available Trash Collection Private
Building
Sewer Septic Tank
Water Drilled Well
Level or Stories Two
Structure Type Vinyl Siding
Schools
Elementary Schools Chancellor Livingston Elementary Sch
Middle Schools Bulkeley Middle School
High Schools Rhinebeck Senior High School
School District Rhinebeck
Others
Senior Community No
Special Listing Condition None
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Bought with BHHS Hudson Valley Properties
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Licensed Real Estate Salesperson | License ID: 10401267947