![A broker reciprocity listing](https://mrcooper-images.xometools.com/images/Common/brlogos/brlogo_nyucbr2.jpg)
$1,700,000
Calculate Payment
5368 Route 32 Catskill, NY 12414
Other
Residence
Beds
Baths
...
Bed/Bath
16,423
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Unlock the potential of your investment portfolio with a Catskills gem that offers great returns and the possibility of expansion. Located in the heart of the majestic Catskill Mountains, this property is sure to interest savvy investors who are looking for the next big thing, offering both a well-e...stablished apartment building and a footprint that has other possible building sites. As you step onto this outstanding 18-acre landscape, you'll be captivated by the breathtaking mountain views. Here your investment remains rock-solid, with a 20-unit motel, including 19 occupied studio and efficiency apartments, plus one partially renovated apartment unit available for viewing. All of this is set within a sturdy 16,000 sq ft steel & cinder block building, providing a steady stream of rental income. For those thinking ahead and looking for future opportunities, you’ll be impressed by this potential-filled property. The lay of the land offers the possibility to create additional structures that could enhance your income even further. All of this is set on a wooded property, complete with a babbling stream and open pasture, ready for your amazing ideas. For the savvy investor, the numbers speak volumes – a 7.5% cap rate ensures a solid income property, while tenants shoulder the responsibility of paying rent, leaving you with minimal worries. In addition to this, while tenants pay rent, you, the owner, cover all utilities to guarantee a steady stream of income. Seize this opportunity to write your own success story in the heart of the amazing Catskills. Schedule a viewing today!
Continue reading
MLS#
20233089
Property Type
Other
Year Built
1950
Square Feet
16,423
sq. ft
Lot Size
18.5
Sewer
Holding Tank
Receive an email as soon as the price changes
Receive an email
as soon as the price changes![price alerts icon](/images/recos/35012/icon-price-alerts.png)
Get Price Alerts
Don't miss your chance. Receive an email as soon as the price changes.
Enter your work address to view actual drive times with traffic for this property.
![INRIX Drive Time logo](/images/common/inrix/inrix_logo.png)
Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
How much home can I afford?
Kickstart your home search journey with our online Pre-Approval.
Nearby Homes For Sale
Just Listed
And
Homes Available
In
![megaphone icon](/images/recos/35012/icon-megaphone.png)
See How Much You Could Save
Thinking about buying or selling? Talk to one of our Mortgage Professionals today to see how much you could save on your next home. Call us at 833-981-2030.