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$575,000 For Sale

2968 Rte 28 Highway
Shokan, NY 12481

5 units | Multi Family Home
1 acre - MLS# 20193426
Property Photo
1/35

Description

Wonderful multi-use property on highly traveled State Route 28 in Shokan with 50,000 cars passing daily. Fully occupied 5 residential apartment units in two buildings as well as an awning business, "Sun Shelters", that has been in this same location for 72 years with over 300 customers. Both buildings are well set back off of the highway yielding a good quality of life for the tenants. The new Ashokan rail trail and the reservoir are within walking distance of the property. Woodstock and Phoenicia with all their recreation, culture, restaurants are 10 minutes away, while Kingston is 15 minutes. The nearby reservoir and Esopus creek yield excellent fishing for the anglers. With vast state land in the area, hiking, biking, skiing and hunting are enjoyed by many. This property has been nearly fully occupied for the last 50 years. This property has a great cap rate even with including the cost of the business. The buildings are in good shape with many updates over the past 15 years. This is a true business opportunity with great exposure on State Rte 28. A new sewer line has been approved for the Rte 28 corridor. The property is perfect for a plumber, electrician or any other tradesman if the Awning business isn't continued. There is a shop on the rear building. There are other garages and sheds for storage of materials. Please have your buyers view the videos of the apartments before showings the links to the videos of the apartments are in agent remarks.

Features

  • # of Parking Spaces: 2
  • Age: 100-200
  • Annual Expenses: 12589
  • Annual Income: 53580
  • Annual Net: 40991
  • Appliances: Exhaust Fan, Range Hood, Refrigerator
  • Area: Olive
  • Basement: Full, Slab
  • Building Style: Apt. Complex, Barn
  • Cap Rate: 14
  • Construction: Frame/Stick
  • Cooling/Air Conditioning: Wall Unit
  • County/Area: Ulster County
  • Driveway: Blacktop, Gravel
  • Electric: 888
  • Electricity: 100 Amps, 200 Amps, Circuit Breakers
  • Elementary School: Bennett 4-6
  • Floors: Carpet, Ceramic, Hardwood, Wide Board
  • Garage: 2-Car, Garage Detached
  • Garage/Parking Extras: Driveway-Shared, Lot, Off Street, 3 Car +
  • Heat Source: Forced Air
  • Heating Fuel: Electric, Oil
  • Hot Water: Electric, Gas, Oil
  • Insurance: 2786
  • Interior Features: Smoke Detector, Carbon Monixide Detector, Cable Ready
  • Lease Type: One Year
  • Listing Status: Active
  • Lot Block Address: 23,2,2968 Rte 28
  • Lot Dimensions: 100x400
  • Lot Features: Additional Land Available, Slope-Gently
  • Lot Size: 1.0000
  • Lot/Site: Rural
  • Miscellaneous: 3300
  • Monthly Income: 4465
  • Other Buildings: Additional Garage, Barn, Workshop
  • Owner Pays: Insurance, Maintenance, Taxes
  • Parking Spaces: 2
  • Plumbing: Mixed
  • Porch: Enclosed Porch, Patio
  • Property Type: Multi Family Home
  • Roof: Asph Shingle
  • School District: Onteora Central
  • Sewer: Septic-Ingr.
  • Siding: Clapboard, Novelty
  • Sub Type: Multi-Unit
  • Supplies: 300
  • Tenant Pays: All Utilities, All Utilities
  • Total Taxes: 5315
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Rent: 1200
  • Unit 1 Sqft: 960
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 2
  • Unit 2 Rent: 1000
  • Unit 2 Sqft: 960
  • Unit 3 Baths: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Rent: 650
  • Unit 3 Sqft: 360
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 2
  • Unit 4 Rent: 700
  • Unit 4 Sqft: 720
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Rent: 850
  • Unit 5 Sqft: 900
  • Unit 6 Baths: 1
  • Unit 6 Rent: Owner
  • Unit 6 Sqft: 300
  • Units: 5
  • Water: Drilled Well, Shared, Well
  • Year Built: 1908
  • Zip Code: 12481
  • Zoning: bus
  • View: Mountain

 

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