2968 Rte 28 Highway

    Shokan, NY 12481
    • $535,000
    • STATUS: ACTIVE
    • MLS #: 20200829
    UPDATED: 46 min ago
    $535,000
    • 0
      BEDS
    • 1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    Area:

    School Ratings & Info

    School District:

    Description

    Wonderful multi-use property on highly traveled State Route 28 in Shokan across the street from the Rail Trail, with 50,000 cars passing daily. Cap rate is now just over 8. 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. The awning business is available at $75,000. The awning unit has a small showroom with passive solar heat that heats nearly the entire front building when the sun shines. Both buildings are well set back off of the highway yielding a good quality of life for the tenants. The new Ashokan rail trail along the stunning 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. 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. Miscellaneous expense includes 3% of gross for Maintenance and 3% for vacancy and loss. See financials in Docs. Unit 6 is the office, a bath, 2 garages and the shop. Market rent is estimated at $800. The shop is in the rear building #2. This unit could be a professional office or an office, shop, showroom and storage for any kind of tradesman or retail venture. Please have your buyers view the videos of the apartments before showings the links to the videos of the apartments are in agent remarks.

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    © 2020 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than The Home Team | Berkshire Hathaway HomeServices are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated:2020-05-28T10:18:29.91
    www.hudsonvalleyshometeam.com/homes/104165968

    2968 Rte 28 Highway Shokan, NY 12481

    • Price: $535,000
    • Status: ACTIVE
    • Updated: 46 min ago
    • MLS #: 20200829
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1
    Acres
    1908
    Built
    Neighborhood:
    Olive
    Area:
    Olive
    School District:
    Onteora Central
    Property Description
    Wonderful multi-use property on highly traveled State Route 28 in Shokan across the street from the Rail Trail, with 50,000 cars passing daily. Cap rate is now just over 8. 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. The awning business is available at $75,000. The awning unit has a small showroom with passive solar heat that heats nearly the entire front building when the sun shines. Both buildings are well set back off of the highway yielding a good quality of life for the tenants. The new Ashokan rail trail along the stunning 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. 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. Miscellaneous expense includes 3% of gross for Maintenance and 3% for vacancy and loss. See financials in Docs. Unit 6 is the office, a bath, 2 garages and the shop. Market rent is estimated at $800. The shop is in the rear building #2. This unit could be a professional office or an office, shop, showroom and storage for any kind of tradesman or retail venture. Please have your buyers view the videos of the apartments before showings the links to the videos of the apartments are in agent remarks.
    Exterior Features

    Construction Frame/Stick Driveway Gravel Exterior Features Landscaped Garage Parking Extras 3 CAR +DRIVEWAY-SHAREDLOTOFF STREET Garage Type Garage Detached Lot Features Additional Land AvailableLevelSlope-GentlyPublic Rail Trail Other Buildings Additional GarageBarnWorkshop Porch Enclosed PorchPatio Roof Asph Shingle Siding ClapboardNovelty Views Mountain

    Interior Features

    Appliances Exhaust FanRange HoodRefrigerator Basement FullSlab Cooling Air Conditioning Wall Unit Fireplace Description None Floors CarpetCeramicHardwoodWide Board Heat Source BaseboardForced Air Heating Fuel ElectricOil Hot Water ElectricGasOil Interior Features Smoke DetectorCarbon Monixide DetectorCable Ready Kitchen Description Cabinets LaminateCabinets WoodEat-InGalley Plumbing Mixed

    Property Features

    Electricity 100 AMPS200 AMPSCIRCUIT BREAKERS Foreclosurey N No General Tax 2108 Listing Type Exclusive Right Lot Dimensions 100X400 Owner Pays None Owner Pays1 InsuranceMaintenanceTaxes School Tax 3207 Sewer Septic-Ingr. Short Saley N No Style Apt. ComplexBarn Tenant Pays All Utilities Tenant Pays1 All Utilities Terms Cash PreferredTo Qual. Buyer Total Taxes 5315 Type Multi-Unit Unit1 Baths 1 Unit1 Bedrooms 2 Unit1 Rent 1200 Unit1 Sqft 960 Unit2 Baths 1 Unit2 Bedrooms 2 Unit2 Rent 1000 Unit2 Sqft 960 Unit3 Baths 1 Unit3 Bedrooms 1 Unit3 Rent 650 Unit3 Sqft 360 Unit4 Baths 1 Unit4 Bedrooms 2 Unit4 Rent 700 Unit4 Sqft 720 Unit5 Baths 1 Unit5 Bedrooms 1 Unit5 Rent 850 Unit5 Sqft 900 Unit6 Baths 1 Unit6 Bedrooms 0 Unit6 Rent 800 Unit6 Sqft 600 Water1 Drilled WellShared

    © 2020 by Hudson Valley Catskill Region MLS.
    Listing # 20200829 provided courtesy of William St John of Halter Associates Realty.
    © 2020 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than The Home Team | Berkshire Hathaway HomeServices are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated:2020-05-28T10:18:29.91
     
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