About 5635 Route 82
Outstanding Investment Opportunity * This countryside setting holds a fully tenanted 4-unit residential building on 1.89 acres. This remarkable property also features a cozy 2-bedroom, 1-bath cottage (currently occupied) and a versatile 3-bay steel garage offering additional income potential. Ample parking space for all. Strategically located near the Taconic State Parkway and within a 20-minute drive to both Rhinebeck and Millbrook, this property also enjoys proximity to Amtrak and MetroNorth trains. Blending rural tranquility with accessibility. Pride of ownership shines through with meticulous maintenance: a new roof installed in 2016, modern 1000-gallon concrete septic tanks from 2014, and recent updates to hot water systems (2011 in the main house, 2023 in the cottage) new well pump in 2023 , refurbished chimney with new liner 2024. All units boast long-term tenants, with current rents positioned below market rates, suggesting a strong upside potential. While utilities for the main house are covered by the owner, cottage residents manage their own, contributing to the overall income generated by this investment. This property not only promises a robust current income but also the opportunity to enhance its capitalization rate. Viewings are available to serious buyers / least a 24 hr notice, respecting the privacy and comfort of our tenants. Coin Operated washer/dryer . ALL OFFERS are welcome for consideration.
Features of 5635 Route 82
| MLS® # | H6293201 |
|---|---|
| Price | $895,000 |
| Bedrooms | 5 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 5,272 |
| Acres | 1.86 |
| Year Built | 1900 |
| Type | Residential |
| Sub-Type | Multi Family |
| Style | Colonial, Cottage |
| Status | Active |
Community Information
| Address | 5635 Route 82 |
|---|---|
| City | Stanford |
| County | Dutchess |
| State | NY |
| Zip Code | 12514 |
Amenities
| Parking Spaces | 7 |
|---|---|
| Parking | Assigned, Driveway, Parking Lot |
| View | Panoramic |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood |
|---|---|
| Heating | Oil, Baseboard, Hot Water |
| Cooling | Window Unit(s) |
| Has Basement | Yes |
| Basement | Bilco Door(s), Full, Unfinished |
| Fireplace | No |
Exterior
| Lot Description | Level |
|---|---|
| Construction | Frame, Stone, Wood Siding |
School Information
| District | Pine Plains |
|---|---|
| Elementary | Seymour Smith Intermediate Lrn Ctr |
| Middle | Stissing Mountain Jr/Sr High School |
| High | Stissing Mountain Jr/Sr High School |
Additional Information
| Date Listed | March 8th, 2024 |
|---|---|
| Days on Market | 51 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Corcoran Country Living |
|---|