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553 Route 214

Chichester, NY 12416
  • $960,000
  • STATUS: ACTIVE
  • MLS #: 20232397
Price Reduced
UPDATED: 55 min ago
$960,000
  • 0
    BEDS
  • 0.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1850
County:
Area:

School Ratings & Info

School District:

Description

Welcome to the unique opportunity to reside in the country and generate income by living in old Chichester. This building was previously a furniture factory that has been transformed into five apartments. This restored factory offers a distinctive living experience, blending rustic charm with modern amenities. Building was stripped to its bones and restored by the previous owner. Enjoy country living in Old Chichester with its historic charm, modern renovations and close proximity to all the Hudson Valley has to offer. Easy access to hiking trails, skiing and an abundance of outdoor activities. Excellent investment. NOI income offers a 7% cap rate with low vacancy rate. Coin operated washer and dryer on premises. Ample parking for tenants. Spacious third floor loft apartment is intentionally vacant now. Perfect to owner occupy.

Extras: 24 hour notice for tenants. All showings on Saturdays Mondays and Fridays from 12:00 to 4:00 PM. Use showing time. Deed, map, lead paint disclosure and property numbers are also in associated docs. At this time we are keeping apartment 5 vacant for a pote

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© 2023 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than Barbara Carter Team | Century 21 Alliance Realty Group are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated:2023-09-23T14:18:27.2
www.barbaracarterteam.com/homes/142626960
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553 Route 214 Chichester, NY 12416

  • Price: $960,000
  • Status: ACTIVE
  • On Site: Days
  • Updated: 55 min ago
  • MLS #: 20232397
0
Beds
0
Baths
0
½ Baths
0.6
Acres
1850
Built
Neighborhood:
Shandaken
County:
Ulster
Area:
Shandaken
School District:
Onteora Central
Property Description
Welcome to the unique opportunity to reside in the country and generate income by living in old Chichester. This building was previously a furniture factory that has been transformed into five apartments. This restored factory offers a distinctive living experience, blending rustic charm with modern amenities. Building was stripped to its bones and restored by the previous owner. Enjoy country living in Old Chichester with its historic charm, modern renovations and close proximity to all the Hudson Valley has to offer. Easy access to hiking trails, skiing and an abundance of outdoor activities. Excellent investment. NOI income offers a 7% cap rate with low vacancy rate. Coin operated washer and dryer on premises. Ample parking for tenants. Spacious third floor loft apartment is intentionally vacant now. Perfect to owner occupy.

Extras: 24 hour notice for tenants. All showings on Saturdays Mondays and Fridays from 12:00 to 4:00 PM. Use showing time. Deed, map, lead paint disclosure and property numbers are also in associated docs. At this time we are keeping apartment 5 vacant for a pote
Exterior Features

Construction Frame/Stick Driveway Blacktop Garage Parking Extras DrivewayDriveway-SharedLot-PavedOff Street Garage Type None Lot Features Adjacent To State Land Porch Open Roof Asph Shingle Siding Wood

Interior Features

Appliances RangeRefrigerator Basement FullUnfinished Cooling Air Conditioning None Fireplace Description None Floors CeramicWood Heat Source BaseboardHot Water Heating Fuel Oil Hot Water Oil Interior Features Smoke DetectorCarbon Monixide Detector Kitchen Description Eat-In Miscellaneous Features Ceiling-BeamedCeiling-Cathedral Plumbing Mixed

Property Features

Annual Income 94800 Annual Net 64376 Annual Taxes 9560 Assessed 92600 Electricity 200 AMPS Flood Plain Yes Foreclosure YN No General Tax 3960 Lease Type One Year Listing Type Exclusive Right Lot Dimensions 0.60 Lot Site Rural Monthly Income 7900 Other Income 0 Owner Pays Oil Owner Pays1 InsuranceMaintenanceTaxesTrash School Tax 4580 Sewer Community Short Sale YN No Tenant Pays Electric Tenant Pays1 Electric Total Deposit 0 Total Taxes 9560 Type Multi-Unit Unit1 Baths 1 Unit1 Bedrooms 2 Unit1 Rent 1450 Unit2 Baths 1 Unit2 Bedrooms 2 Unit2 Rent 1600 Unit3 Baths 1 Unit3 Bedrooms 3 Unit3 Rent 1550 Unit4 Baths 1 Unit4 Bedrooms 2 Unit4 Rent 1600 Unit5 Baths 1 Unit5 Bedrooms 1 Unit5 Rent 1700 Vil Tax 1020 Water Drilled Well

[Hudson Valley Catskill Region MLS] logo© 2023 by Hudson Valley Catskill Region MLS.
Listing # 20232397 provided courtesy of Carol Spirig of Halter Associates Realty: 845-679-2010.
© 2023 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than Barbara Carter Team | Century 21 Alliance Realty Group are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated:2023-09-23T14:18:27.2
 
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Barbara Carter Team | Century 21 Alliance Realty Group
652 Route 299
Highland NY, 12528