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Listed by: William Pitt Sotheby's
$ 2,995,000
Est. payment | /mo
1.15 Acres Lot
$ 2,995,000
Est. payment | /mo
1.15 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20265238
Year Built 1979
Annual Tax Amount $23,649
Tax Year 23649
Lot Size 1.150 Acres
Acres 1.15
Property Sub-Type Duplex
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
The Philmont Collection | Income-Producing Seven-Building Portfolio | 2,995,000 dollars
The Philmont Collection is an established, income-generating rental portfolio currently operating at a profit in the Village of Philmont. Offered at 2,995,000 dollars, its seven buildings comprise 27 rented or rentable apartments, providing investors with immediate rental income and scale within a compact Hudson Valley village setting.
The October rent roll reports 21 leased apartments, with current scheduled rents totaling approximately 336,933 dollard annually. The portfolio includes 62 Main Street, 20 Church Street, 5 Church Street, 3 Church Street, 3 Elm Street, 7 Canal Street and 5 Elm Street. Clustered within a few walkable blocks, the properties support convenient management and access to village amenities.
Capital improvements include extensive work at 62 Main Street: updated apartments and bathrooms, facade restoration, insulation improvements and conversion from central oil heating to individual electric systems. Current operations use DoorLoop for leasing, rent collection, maintenance coordination and tenant communications.
Beyond its established income, the collection offers additional revenue potential through six currently vacant apartments. Leasing these apartments at ownership's projected asking rents would add approximately 109,200 dollars in annual rental revenue.
Historic architecture and proximity to Hudson, Amtrak, the Taconic State Parkway and the Hudson Valley's dining, cultural destinations and outdoor recreation add to the portfolio's appeal. Rent rolls, financial statements, parcel information and supporting materials are available upon request.
Scheduled and projected rents are not guaranteed collections. Unit counts and occupancy are ownership-reported, and occupancy is subject to change. Purchasers should independently verify unit counts, permitted configurations, rental status, square footage and financial performance.
The Philmont Collection is an established, income-generating rental portfolio currently operating at a profit in the Village of Philmont. Offered at 2,995,000 dollars, its seven buildings comprise 27 rented or rentable apartments, providing investors with immediate rental income and scale within a compact Hudson Valley village setting.
The October rent roll reports 21 leased apartments, with current scheduled rents totaling approximately 336,933 dollard annually. The portfolio includes 62 Main Street, 20 Church Street, 5 Church Street, 3 Church Street, 3 Elm Street, 7 Canal Street and 5 Elm Street. Clustered within a few walkable blocks, the properties support convenient management and access to village amenities.
Capital improvements include extensive work at 62 Main Street: updated apartments and bathrooms, facade restoration, insulation improvements and conversion from central oil heating to individual electric systems. Current operations use DoorLoop for leasing, rent collection, maintenance coordination and tenant communications.
Beyond its established income, the collection offers additional revenue potential through six currently vacant apartments. Leasing these apartments at ownership's projected asking rents would add approximately 109,200 dollars in annual rental revenue.
Historic architecture and proximity to Hudson, Amtrak, the Taconic State Parkway and the Hudson Valley's dining, cultural destinations and outdoor recreation add to the portfolio's appeal. Rent rolls, financial statements, parcel information and supporting materials are available upon request.
Scheduled and projected rents are not guaranteed collections. Unit counts and occupancy are ownership-reported, and occupancy is subject to change. Purchasers should independently verify unit counts, permitted configurations, rental status, square footage and financial performance.
Location
State NY
County Columbia
Area Claverack
Zoning multifamily
Schools
High Schools Taconic Hills Central Schools
School District Taconic Hills Central Schools
Others
Tax ID 113.130-0001-003.000
NEARBY SCHOOL & BUSINESS
