5635 Route 82
Stanford, NY 12514
$795,000
6 beds | 4 baths | 1.86 acres | #H6293201
For Sale
Description
Outstanding Investment Opportunity * This countryside setting holds a fully tenanted 4-unit residential building on 1.89 acres. This 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 are occupied with current rents positioned below market and suggests 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 currently serves up a 9% cap rate with the potential for increased numbers.
Interior Details
Heating & Cooling
- Cooling:Window Unit(s)
- Heating:Oil, Baseboard, Hot Water
Beds & Baths
- Bedrooms:6
- Bathrooms:4
- Full Baths:4
Property Details
Property
- View:Panoramic
- Lot description:Level
Measurements
- Acres:1.86
Parking
- Parking features:Detached, 3 Car Detached, Assigned, Driveway, Parking Lot
- Parking spaces:3
- Parking type:Driveway
- Parking garage:1
Construction Details
Type & Style
- Property type:Purchase
- Basement:1
Condition
- Year built:1900
Utilities / Energy Details
Utility
- Sewer information:Septic Tank
- Utility source:Well
Community and Neighborhood Details
Community
- Community features:Trash Collection
Location
- School district:Pine Plains
- Elementary School:Seymour Smith Intermediate Lrn Ctr
- Middle School:Stissing Mountain Jr/Sr High School
- High School:Stissing Mountain Jr/Sr High School
- County:Dutchess
Financial Details
Pricing Details
- Original List Price:$895, 000
- Taxes annual:$7, 078
Other
Source
- MLS #:H6293201
Location
Legal
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Last Updated: . Source: ONEKEY
Listing Courtesy
Listing Agent: Rebecca Hanlon
Listing Office: Corcoran Country Living
Keller Williams LandmarkAsk Vinny Thompson team
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
Estimated Monthly Payment
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Loan Amount
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