7 Park St, Ellenville, NY 12428

Legal 3 family- reduced $5,000 now $280,000 or best offer. Serious buyer with bank pre-approval or proof of funds. 2% Commission to buyer agent if purchased. New boiler, Water heaters, Vinyl, Siding, Roof, Kitchens, bathrooms. windows. Yearly income $34,500.00 Rents below market rate. Apt#1 One Bedroom-Section 8 - $950.00- allowed to submit rent increase when it's a new owner. Apt#2 Two Bedroom- Currently no lease agreement- $975.00 Apt#3 Two Bedroom- Currently with no lease agreement- $950.00. Apartments with no lease agreement gives new owner the option to keep or not to keep current tenants. Easy to rent. Cannabis distribution center currently being constructed which will employ 800 high paying jobs which will be in need of housing. Tenants pay for heating of water and their apartment electric. Live in one apartment if so desire and let the two other apartments pay your mortgage and utilities if desired. Utilities paid by owner-(Electric for boiler & basement lights, Trash- paid by owner as a courtesy, Water, Sewer) - $4,174.00 Low property taxes which includes school, village & Town- $4,110.00. There is a additional room which has bathroom hookups already in place currently being used for storage by apt#3 tenant which can be converted into an efficiency for additional income. Walking distance to Library, Village Government building and Local shops, Restaurants, Theater etc. Close commute less than 3 miles to Hospital, Local hiking trails, Horseback riding, Campgrounds, State parks and other resorts plus Walmart, & Supermarkets nearby. 30 minutes' drive to Resorts World Catskill Casino, Bethel woods Entertainment center, Village of Monticello & City of Middletown, Town of Wallkill which has the Galleria Mall and tons of other shops. Invest now before values and mortgage interest rate increase. Current cap rate 8.57%