5354 New York 23
Property Description
Location, income, and opportunity come together in this exceptional mixed-use investment property in the heart of Windham's thriving Main Street business district. Generating over 10,000 in gross monthly rental income, this multifaceted offering includes five fully occupied residential apartments, approximately 1,500 square feet of leased commercial space, and an adjoining .24-acre building lot on a separate tax parcel with access to town sewer and water. With established tenants already in place, this is an attractive turnkey investment with income from day one and exciting potential for future expansion. Ideally positioned in a high-visibility, high-traffic location, the charming Victorian-style main building has been converted to accommodate both commercial and residential uses. The first floor features approximately 1,500 square feet of retail/professional office space with two public bathrooms. A lovely covered front porch adds character and an inviting presence along Main Street. The residential component includes five separate apartments. Upstairs in the Main house are two sunny residences: a two-bedroom, one-bath apartment and a spacious two-bedroom, two-bath apartment with in unit laundry and access to a private balcony, both with separate entrances. A ground-level side apartment offers one bedroom and one bath. Toward the rear of the property, a converted garage houses two additional one-bedroom, one-bath apartments. All five apartments are occupied, providing an established residential rental income stream. Off-street parking adds convenience, and connected to municipal water and sewer. And there's more! Included in this offering is an adjoining .24-acre building lot with access to municipal water and sewer hookups. This valuable addition presents an opportunity to expand your Main Street footprint with another mixed-use building, potentially combining commercial and residential space, (subject to municipal approvals) The location couldn't be better! Situated among Windham's shops, restaurants, movie theater, and local businesses, with the school nearby and Windham Mountain Club just one mile away. Windham's four-season appeal, from skiing and golf to hiking, mountain biking, festivals, and year-round recreation, makes this an attractive destination in the Northern Catskills and a beautiful place to live, work and play. Five apartments. Leased commercial space. Over 120,000 in annual gross rental income. An additional .24-acre building lot. One outstanding Main Street investment opportunity.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,725,000 |
| No. of Units: | 6 |
| Year Built: | 1900 |
| Lot Size: | 1,496.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $287,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 7 |
| Number of Bathrooms: | 8 |
ID: 3yd-UCMLSNY-20266581
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