Courtesy: Century 21 New West
518-943-2620
Situated in the highly desirable hamlet of Round Top within the Town of Cairo, this 16-unit multifamily property presents a rare opportunity to acquire a well-positioned asset with significant upside potential. The property consists of two residential buildings offering a diverse mix of studio, one-bedroom, and two-bedroom apartments, providing broad tenant appeal and stable occupancy potential. Current ownership has invested extensively in the asset over the past five years, completing a comprehensive capital improvement program that has substantially reduced deferred maintenance and laid the foundation for future income growth. Major upgrades include a reconstructed water system, electrical improvements, new roofing, parking and drainage enhancements, professional landscaping, exterior repairs, and a renovated on-site laundry facility. Other improvements include a brand new septic system designed by engineering firm Kaaterskill Associates. Numerous apartment interiors have also been modernized with updated flooring, kitchens, bathrooms, appliances, fixtures, water heaters, and other unit-specific improvements, positioning the property to compete more effectively within the local rental market. The property's most compelling feature is its substantial value-add potential. Several units remain leased below projected market rents, creating a clear path to increased cash flow through strategic rent optimization. The property is projected to achieve an approximate 9 cap rate upon stabilization at market rents. Additional revenue is generated through the on-site laundry facility, further enhancing investment returns. The 6-unit building currently operates with landlord-paid utilities, while the 10-unit building benefits from tenant-paid electric and electric heat, offering a favorable utility structure and opportunities for continued operational efficiencies. Qualified buyers will have access to a complete due diligence package, including rent rolls, operating statements, projected market rents, and a detailed capital improvement history. Offering immediate scale, extensive completed capital improvements, and meaningful income growth potential, this is an exceptional opportunity to acquire a turnkey multifamily asset in one of the Catskills' most sought-after destinations.
Courtesy: RVW Select Properties
518-943-5303
This property was once a nice resort, it had cabins and a restaurant and dining hall, it had a two story building with rooms and bathrooms and a living room. The property now is over grown, there is much damage to the buildings. This property has not been lived in a quite a long time. There are 2.25 acres, a stream, wells, electric, and septic are there
Courtesy: RVW Select Properties
518-943-5303
Fully renovated turn-key duplex on nearly 3 private acres in the heart of the Catskills Rare opportunity to own a fully renovated duplex in the heart of the Catskills. Combining modern upgrades, flexible living arrangements, and exceptional outdoor space, this move-in-ready property is ideal for investors, owner-occupants, multi-generational households, or buyers seeking a weekend retreat with income potential. Extensively renovated throughout, both units feature bright open concept layouts, beautiful hardwood flooring, recessed lighting, granite countertops, custom cabinetry, updated electrical and plumbing, separate laundry areas, and energy-efficient mini split heating and cooling systems. Thoughtfully designed kitchens and spacious living areas create comfortable spaces for everyday living and entertaining. The beautifully renovated bathrooms showcase elegant tile work, oversized walk-in showers, contemporary vanities, and stylish finishes rarely found in a duplex property. Every detail has been carefully selected to create a clean, modern aesthetic while maintaining functionality and comfort. Set on nearly 3 acres, the property offers an impressive amount of outdoor space rarely available this close to town. The expansive backyard provides room for recreation, gardening, pets, outdoor gatherings, or simply enjoying the peaceful natural surroundings. Located on a quiet, low-traffic road, the setting offers privacy and tranquility while remaining convenient to local amenities. The property's flexible layout creates endless possibilities. Live in one unit and rent the other, accommodate extended family, create a long-term investment property, or explore vacation rental opportunities in one of the Catskills' most sought-after recreational areas. Conveniently located just minutes from Cairo's shops, restaurants, bakeries, parks, and library, and within easy reach of the region's most popular attractions. Windham Mountain is approximately 20 minutes away, Hunter Mountain is approximately 30 minutes away, and Zoom Flume Water Park, Green Lake, hiking trails, golf courses, and numerous outdoor recreational destinations are all nearby. Whether you're searching for a primary residence, income-producing investment, vacation getaway, or multi-generational property, this turn-key duplex offers the perfect combination of modern updates, usable acreage, and Catskills lifestyle appeal. A rare offering that delivers flexibility, privacy, and value in today's market.
Courtesy: RVW Select Properties
518-943-5303
A Prime Cairo Business District Development Opportunity! Seize the chance to invest in the resurgence and revitalization of Cairo with this highly visible, mixed-use property located in the heart of the business district. This is a rare development opportunity to create a 3 to 4 unit multi-use building with both commercial and residential income potential. This corner property is strategically situated at Main Street & Bross Street which previously offered 1-2 commercial/retail spaces on the ground floor (including a former barbershop area) and a studio apartment. The second Floor offered a spacious 2-bedroom, 1 1/2 bath residential apartment. The layout allows an investor to reimagine the property as a valuable mixed-use asset for Cairo's thriving business corridor. Unfortunately, this property was recently subjected to a fire on the second floor, resulting in extensive fire and water damage. The building has been secured, making this a quintessential ''blank canvas'' opportunity for a cash investor or developer. This is your chance to execute your dream vision and maximize returns by redeveloping a valuable corner lot in a prime location. The building boasts excellent walkability and proximity, essential for both commercial tenants and residents. It's located steps away from local eateries, bakeries, convenience stores, the Cairo Public Library, Angelo Canna Town Park, and Town Hall. It has great proximity to the area's destinations and attractions as it's 10 minutes to Green Lake, 15 minutes to Zoom Flume Water Park, 20 minutes to Windham Mountain, 30 minutes to Hunter Mountain, 15 minutes to Dutchman's Landing Park and the Hudson River, & 25 minutes to the Village of Saugerties. Due to the property's condition, agents and buyers must fill-out and sign a Hold Harmless Agreement to schedule a showing. Buyers and agents must fully review the available pictures, 3D virtual tours, floor plans, and the multi-media website prior to requesting a showing. View the virtual tour today and seize this opportunity to develop your dream business and a high-potential investment property!
Are you looking for your forever home? An investment property? Or the perfect Mother/Daughter set up? Look no further. This home checks all of those boxes. The main house features an eat in kitchen, living room, and a laundry room/mud room area. 2 bedrooms, 1 bath, a full basement, and a pull down attic for additional storage (or converted for extra living space). The beautifully renovated 2nd house features an open concept eat in kitchen, living room, bedroom, bathroom, laundry room, and attached one car garage. The spacious yard contains an over ground pool, and lots of space for outdoor entertaining. Live in one, while generating an income from the other. Perfect for air bnb investors, weekend retreats, or your full time home. Just minutes from Windham and Hunter Mountains, the NYS thruway, and Catskill and Hudson, NY, this property is a must see!
Cairo is located in New York. Cairo, New York has a population of 6,652. Cairo is less family-centric than the surrounding county with 24.73% of the households containing married families with children. The county average for households married with children is 26.95%.
The median household income in Cairo, New York is $71,159. The median household income for the surrounding county is $62,810 compared to the national median of $69,021. The median age of people living in Cairo is 45.5 years.
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 13.2 degrees. The average rainfall is approximately 42.1 inches per year, with 46.3 inches of snow per year.
