Enjoy a 9.8 % return on your investment with 11 rental apartments in 3 buildings with a total of 8,420 s ft in the village of Stone Ridge. One building was built in 1875, the other two in 1940 and 1950. The apartments are one to three bedrooms, about half are two floor units with rents ranging from $725 and $1,200. Situated on 6 acres with front and back yard and parking lots in the rear, with new blacktop driveway. All separate electric meters and dedicated boilers for each unit. Since 2015, 8 out of 11 boilers and hot water heaters were replaced, 6 units feature updated baths, kitchen and replaced flooring. Two units with washer/dryer hookups. Tenants are responsible for their propane (# 8 with oil boiler) and electric, with exception of the two smallest apartments (# 6 and 7) where rents include utilities. Great opportunity to benefit from a high demand rental market in Stone Ridge, 20 minutes from Kingston and New Paltz. Tenants enjoy being on the UCAT bus route and the ability to walk to SUNY Ulster, shopping and restaurants.,FLOORING:Vinyl,Wood,MISCELANES:Dumpster,ROOF:Asphalt Shingles,Metal,AboveGrade:8420,ExteriorFeatures:Landscaped,Outside Lighting,OwnerPays:Maintenance,Garbage/Trash,Taxes
Multi-familyProperty Type
1875Year Built
6 acresLot Size
Listing by Laurel Sweeney• BHHS NUTSHELL REALTY SR
Enjoy a 9.8 % return on your investment with 11 rental apartments in 3 buildings with a total of 8,420 s ft in the village of Stone Ridge. One building was built in 1875, the other two in 1940 and 1950. The apartments are one to three bedrooms, about half are two floor units with rents ranging from $725 and $1,200. Situated on 6 acres with front and back yard and parking lots in the rear, with new blacktop driveway. All separate electric meters and dedicated boilers for each unit. Since 2015, 8 out of 11 boilers and hot water heaters were replaced, 6 units feature updated baths, kitchen and replaced flooring. Two units with washer/dryer hookups. Tenants are responsible for their propane (# 8 with oil boiler) and electric, with exception of the two smallest apartments (# 6 and 7) where rents include utilities. Great opportunity to benefit from a high demand rental market in Stone Ridge, 20 minutes from Kingston and New Paltz. Tenants enjoy being on the UCAT bus route and the ability to walk to SUNY Ulster, shopping and restaurants.
OneKey® MLS as Distributed by MLS Grid #H4418838
Feb 13, 2015
Listing Removed
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Jun 6, 2014
Listed
$958,000
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Ulster County
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Last updated by owner on May 2, 2023.
Property details
Parking
Parking Information
Parking Features: Off Street
Interior
Heating & Cooling
Cooling: None
Room Information
Basement: Unfinished, Walk-Out Access
Exterior
Exterior Features
Construction Materials: Other
Lot Information
Lot Features: Level, Near Public Transit
Property Information
Property Sub Type: Multi Family
Financial
Tax Information
Tax Annual Amount: $7,787
Location
School Information
Elementary School: Marbletown Elementary School
Elementary School District: Rondout Valley
Middle Or Junior School: Rondout Valley Junior High School
Middle Or Junior School District: Rondout Valley
High School: Rondout Valley High School
High School District: Rondout Valley
Location Information
Directions: On Stone Ridge's Main Street, north of the Citgo station.
County Or Parish: Ulster
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Ulster County
APN: —
Home facts updated by county records on May 2, 2023
Around this home
Schools
K - 12
Preschool & daycare
Marbletown Elementary School
Public K-3 • Assigned • 0.8mi
8/10
Rondout Valley Junior High School
Public 7-8 • Assigned • 3.9mi
7/10
Rondout Valley High School
Public 9-12 • Assigned • 3.9mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Stone Ridge, NY • 12484
Average low and high temperatures (°F)
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Sun exposure
In this area, properties receive around 8.7 hours in
June and 3.7 hours in December, placing it below the
U.S. average for solar exposure.