20 Church Street

Claverack, NY 12565

  • $4,150,000
  • 34,576 Sqft
  • $120 Price/Sqft

This exclusive opportunity features a portfolio of seven properties in Philmont, NY, offering a mix of residential units across various addresses, all within a few block radius. The seller, a seasoned investor, prefers to sell the portfolio as a whole, though individual sales are possible. This portfolio offers an immediate income-generating investment with a projected NOI of $447,500. With a mix of fully renovated units and others primed for upgrades, the portfolio promises both stability and growth potential. Each property has been maintained by the owner, who employs a team of contractors and utilizes DoorLoop for seamless property management. This portfolio offers immediate returns and long-term appreciation in a market with rising property values and increasing demand.Portfolio Highlights:Located in the up-and-coming village of Philmont, NY in the Hudson Valley, attracting both locals and city dwellers.Extensive full renovation of 62 Main Street. This key building features 6 newly renovated units, a fully restored facade, new insulation, replacement of central oil heat with electric heating in each unit, and all new bathrooms.Strong mix of unit sizes--from 1-bedroom units to larger 3-bedroom duplexes--offering a variety of rental options.Low landlord expenses on renovated properties. Recent upgrades, including new HVAC systems and electric heating, reduce operational costs and increase profitability.Transferable management software. The current owner uses the state-of-the-art DoorLoop online system to manage tenants and maintenance, leasing, applications, background checks, and rent collections, which can easily be transferred to new ownership.Opportunities for value-add improvements.

READ MORELESS
Property Highlights
  • DAYS ON MARKET : 129
  • MLS : 154962

Additional Information

ADDITIONAL INFORMATION
  • BASEMENT DESCRIPTION: Full
  • DAYS ON MARKET: 129
  • LIVING AREA SQFT: 34576
  • ON MARKET DATE: 2024-11-18
  • TAX AMOUNT: $22,036
  • TYPE: Residential Income
  • UNIT COUNT: 36
INTERIOR/EXTERIOR FEATURES
  • CONSTRUCTION MATERIALS: Vinyl Siding, Wood Siding
  • ROOF: Asphalt

Mortgage Calculator

Years
%/Year
in US Dollars
%
Years

Your Estimated Payment

-- Monthly Payment
  • Down Payment
    Required
    --
  • Mortgage
    Principal
    --
  • Still Owing at the
    End of Term
    --

Location for 20 Church Street, Claverack, NY

Community

Claverack>

Claverack

Columbia County, 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 20 Church Street, 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 Rachel Haley of Houlihan Lawrence Inc. (518.822.0300).