167 State Route 23

Claverack, NY 12513

  • $1,850,000
  • 30 Beds
  • 16 Baths
  • 16,000 Sqft
  • 2.13 Acres
  • 1971 Built

It's rare to come across such a unique investment opportunity in our area. The current property owner has maintained and cared for this property since 1978, with tenants rarely leaving. Most tenants have resided there for over a decade. The property spans 2.13 acres and comprises four separate buildings, each housing four rental units, totaling 16 apartments. There are 14 two-bedroom apartments and two one-bedroom apartments. Tenants cover their heat and utilities, except for the rear colonial building where the owner pays for oil heat. While only three apartments in the colonial building have dishwashers, all other apartments are furnished with a stove, refrigerator, dishwasher, water heater, microwave, and air conditioner. Tenants have access to two parking lots, with the owner handling trash removal, snow removal, lawn maintenance, and providing coin-operated laundry facilities. All tenants are on a month-to-month lease, and there's a waiting list for apartments. The current annual gross rental income is $137,000 with expenses at $67,139. Rents are currently below market value, averaging $812.00 per apartment. The complex is fully occupied, with one unit under renovation and another used by the owner when in the area. This is a fantastic opportunity for serious investors to benefit from the owner's hard work. Proof of funds is required before showings.

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Property Highlights
  • PRICE/SQFT : $116
  • DAYS ON MARKET : 50
  • MLS : 152736

Additional Information

ADDITIONAL INFORMATION
  • BASEMENT DESCRIPTION: Full
  • DAYS ON MARKET: 50
  • LIVING AREA SQFT: 16000
  • ON MARKET DATE: 2024-06-03
  • SEWER: Septic Tank
  • TAX AMOUNT: $5,377
  • TYPE: Residential Income
  • UNIT COUNT: 16
  • YEAR BUILT: 1971
INTERIOR/EXTERIOR FEATURES
  • APPLIANCES INCLUDED: Electric Water Heater
  • BEDS: 30
  • CONSTRUCTION MATERIALS: Block, Frame, Aluminum Siding, Brick
  • FULL BATHS: 16
  • ROOF: Asphalt, Shingle

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Location for 167 State Route 23, Claverack, NY

Community

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Claverack

Hudson Valley, New York

The town of Claverack, comprising about 48 square miles, is centrally located in beautiful Columbia County, New York. Its name is a derivative of the Dutch word, “Klaverakker” which means “Clover...

Request More Info for 167 State Route 23, Claverack, NY

  • Julia B. Fee Sotheby's International Realty

The data relating to real estate for sale on this web site comes in part from the Columbia Greene Northern Dutchess MLS. Listing information provided by IDX information is provided exclusively for consumers' personal, non-commercial user, and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Listing Courtesy of Rochelle Bartolo of Beach & Bartolo Realtors.