4 White Birch LN, Mount Tremper, NY 12457
4 White Birch LN, Mount Tremper, NY 12457
4 White Birch LN, Mount Tremper, NY 12457
4 White Birch LN, Mount Tremper, NY 12457
4 White Birch LN, Mount Tremper, NY 12457
4 White Birch LN, Mount Tremper, NY 12457
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

+1(201) 240-5200
$ 1,775,000
Est. payment | /mo

4.5 Acres Lot

Save
$ 1,775,000
Est. payment | /mo
Save

4.5 Acres Lot

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1035529

Style Flats

Rental Info No

Year Built 1960

Annual Tax Amount $13,226

Lot Size 4.500 Acres

Acres 4.5

Property Sub-Type Multi Family

Source onekey2

Property Description

Woodstock Apartment Complex - Rare opportunity to acquire an established 15-unit multifamily investment in the Woodstock, NY Hamlet of Wittenberg. Situated on 4.5 acres in a peaceful rural setting, the property combines stable income with significant value-added potential in one of the Hudson Valley's strongest, most sought-after rental markets. The complex consists of 15 studio and one-bedroom apartments housed within a main building which also includes a lobby/common entry area. Two detached outbuildings provide ancillary space for management offices, tenant laundry facilities and additional storage. Designed for efficient operation, each apartment is equipped with individually metered electric service, with electric heat and electric stovetops throughout, allowing tenants to pay for their own utilities. The property is served by a private well and a recently reconstructed septic system completed through the DEP's Catskill Watershed Corporation, providing peace of mind for future ownership. Roofing on the main building is new. Cable/wifi and common area maintenance provided by landlord. Steady passive income generated by a pro forma CAP rate of 7.3 can readily be improved upon. Despite consistently strong rental demand, at least 5 apartment units are scheduled to be delivered vacant, allowing a new owner to address deferred maintenance, upgrade finishes and lease units at market rates without tenant displacement. Great location between the villages of Woodstock and Phoenicia with all the Hudson Valley/Catskill Mountain has to offer--world class natural beauty, hiking, biking, fishing, skiing, arts, live music, culture and cuisine--all in one place!

Location

State NY

County Ulster County

Interior

Heating Electric

Cooling None

Fireplace No

Exterior

Parking Features Common, Off Street, Parking Lot

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Total Parking Spaces 15

Building

Lot Description Part Wooded

Sewer Septic Tank

Water Well

Structure Type Shake Siding

Schools

High Schools Onteora

School District Onteora

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Halter Associates Realty Inc • Pieta Williams
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Thomas "Chopper" Russo

Thomas "Chopper" Russo

Broker Associate

+1(201) 240-5200

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4 White Birch LN

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