1256 North AveBeacon, NY 12508

Property Details for 1256 North Ave

Year built

1950

Lot size

0.43 AC

Property size (Sq ft)

8,659 SF

Property type

Commercial real estate

Description

This exceptional multifamily property at 1256 North Ave, Beacon, NY presents a unique investment opportunity. Spanning 8,659 square feet on a 0.43-acre lot, this building offers a blend of seven apartments and sixteen short-term rental (SRO/boarding house) units on the first floor. The versatility of this configuration allows for diverse operational strategies, potentially including a short-stay inn alongside the apartment rentals. Its prime location in Beacon, NY, a highly desirable Hudson Valley town, offers easy access to the Dia:Beacon Museum, local shopping, dining, and the Metro-North Railroad providing direct access to Grand Central Station. This makes it an attractive option for both residents and commuters. The property has recently undergone significant improvements, including a new roof, new siding, updated landscaping, upgraded heating systems, and electrical system enhancements. The extensive renovations ensure a low-maintenance investment with immediate income potential. This is a rare chance to acquire a multifaceted property in a thriving community with a strong rental market. The combination of established rental income and the potential for short-term rentals makes this a truly unique and compelling investment opportunity. Don't miss this chance to own a piece of Beacon's vibrant landscape.

Location Insight

City

Beacon

County

Dutchess County

State

New York

Latitude

41.5143

Longitude

-73.9734

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