Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
Listing photo for 5368 Route 32, Catskill, NY
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5368 Route 32,

Catskill, NY

$1,700,000

16,423 Sqft
18.50 Acres

Unlock the potential of your investment portfolio with a Catskills gem that offers great returns and the possibility of expansion. Located in the heart of the majestic Catskill Mountains, this property is sure to interest savvy investors who are looking for the next big thing, offering both a well-established apartment building and a footprint that has other possible building sites. As you step onto this outstanding 18-acre landscape, you'll be captivated by the breathtaking mountain views. Here your investment remains rock-solid, with a 20-unit motel, including 19 occupied studio and efficiency apartments, plus one partially renovated apartment unit available for viewing. All of this is set within a sturdy 16,000 sq ft steel & cinder block building, providing a steady stream of rental income. For those thinking ahead and looking for future opportunities, you’ll be impressed by this potential-filled property. The lay of the land offers the possibility to create additional structures that could enhance your income even further. All of this is set on a wooded property, complete with a babbling stream and open pasture, ready for your amazing ideas. For the savvy investor, the numbers speak volumes – a 7.5% cap rate ensures a solid income property, while tenants shoulder the responsibility of paying rent, leaving you with minimal worries. In addition to this, while tenants pay rent, you, the owner, cover all utilities to guarantee a steady stream of income. Seize this opportunity to write your own success story in the heart of the amazing Catskills. Schedule a viewing today!

Facts & Features
MLS® # 20233089
Price $1,700,000
Bathrooms 0.00
Square Footage 16,423
Acres 18.50
Year Built 1950
Type Commercial Sale
Sub-Type Business
Status Active
MLS ucbr
Community Information
Address 5368 Route 32
Area Greene
City Catskill
County Greene
State NY
Zip Code 12414
Amenities
Is Waterfront No
Interior
Appliances Water Heater, Electric Water Heater
Heating Baseboard, Electric, Oil, Propane
Has Basement No
Fireplace No
Exterior
Exterior Brick, Steel Siding, Stone
Construction Brick, Steel Siding, Stone
School Information
District Other
Additional Information
Date Listed October 19th, 2023
Days on Market 241
Short Sale No
RE / Bank Owned No
Listing Details
Listing Courtesy of Corcoran Country Living
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Listing information last updated on June 17th, 2024 at 6:20am EDT.