Courtesy: Elyse Harney Real Estate
518-789-8800
Four-Unit Apartment Property Millerton, NY Unique investment opportunity in the heart of Millerton. This four-unit apartment property features three units in a two-story row-style building plus a separate two-story home, all situated on a single parcel. Each apartment offers two bedrooms located on the second level with stair access. The three row-style units feature open-concept first floors with well-appointed kitchens, stainless steel appliances, full bathrooms on the main level, and the convenience of in-unit washers and dryers. Each unit also includes a small private outdoor area, ideal for grilling or pets. These units have been recently renovated with new flooring, tile, fixtures, and appliances throughout. The separate two-story residence boasts hardwood floors in the main living area and a glass door that opens to a spacious deck, perfect for entertaining. The walk-out basement provides additional unfinished space with potential for a studio apartment or added living area. All four units have ample on-street parking and a public parking lot across access. Located in the charming village of Millerton, tenants enjoy easy access to local shops, restaurants, and a wide range of nearby recreational activities, including skiing, hiking, theater, and more.
4 family unique-not many in area. Income flow justifies any improvements needed over time.All units now occupied with new bath added to lower floor apt. Tenants pay and take care of snow removal. Room for off street parking for one car per unitOwner pays hot water (approx $800 per year ) garbage removal, insurance- general maintUnits needs some improvements but has functioned as a rental unit for 26 plus years5 elect meters tenants pay electric and heatClose to village stores and rail trailRentals as follows- first floor shared apt brings in a total of $1800 mo with two one br areas- two full baths kitchen with second shared unit using hot plate area for cooking in front of first floor-/div>Second floor- one studio apt with lr br combo shower and hot plate kitchen area with small refrigerator at $500 per month In addition second floor unit has 1 br apt with full bath and kitchen at $1,000 per monthThird floor 1 br with lr area as well as full bath Eik kitchen area at $1000 per monthOwner pays approx $1800 year for insuranceSeptic has recently been cleaned out- there are three 1200 gallon cess pool areas with small drain field-;Taxes. Are just over $6500 per year including second included parcel ( main house on one tax bill and adjoining tax parcel on another included in sale)Owner pays garbage removal approx $900 year, owner cuts grass in season- tenants pay for snow removal Note: tenants are untidy!
Millerton is located in New York. Millerton, New York has a population of 871. Millerton is less family-centric than the surrounding county with 25.84% of the households containing married families with children. The county average for households married with children is 29.92%.
The median household income in Millerton, New York is $69,821. The median household income for the surrounding county is $87,112 compared to the national median of $69,021. The median age of people living in Millerton is 45.2 years.
The average high temperature in July is 80.6 degrees, with an average low temperature in January of 13.1 degrees. The average rainfall is approximately 46.9 inches per year, with 52.9 inches of snow per year.
