18 Mountain Turnpike RdCatskill, NY 12414

Property Details for 18 Mountain Turnpike Rd

Lot size

2.00 AC

Property type

Land

Property subtype

Apartment buildings

Description

This six-unit apartment building in Catskill, NY, presents a compelling investment opportunity. Located at 18 Mountain Turnpike, this property sits on a two-acre lot and offers significant potential for high income generation, with an estimated gross annual income of $112,000. However, it requires substantial renovation. The building is currently gutted and needs extensive structural work, with estimated repair costs between $75,000 and $100,000 per unit. Recent upgrades include a new 6-meter electric panel, a new heating system (2020), and a new 3,000-gallon septic system (2020). Parking is available for approximately six cars, plus a two-car garage with three additional storage units. The property is being sold AS-IS and will not qualify for financing. This is an ideal project for an experienced investor seeking a hands-on renovation project with the potential for substantial returns. The property is conveniently located, approximately 5.4 miles from Route 23A. The zip code is 12414, and the property is situated in Greene County. This is a unique chance to acquire a multifamily property in a desirable location, ready for a complete transformation. Serious inquiries only.

Location Insight

City

Catskill

County

Greene

State

New York

Latitude

42.2

Longitude

-73.9618

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