Great investment, 8% net cap! This very profitable 8 unit income property is located in Red Hook directly across the street from Bard College, less than 5 minutes from the village, 5 minutes to Tivoli. Right off Route 9G and minutes to Route 9 this is a perfect location for students and commuters! This charming building sits way back on 2.1 very pretty acres with a wide driveway accessible from two sides, a large parking lot and easy street access. Each unit has a full bathroom and a full working kitchen. Keep it as is and continue to generate a nice profit. Or convert the ground level units into a bright, spacious home with a separate entrance and private outside porch space, while you continue to rent 5 units inside the separate lobby upstairs. Lots of potential!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
