Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
10,388 SF
Site
1.70 acres
Price / SF
$116
NOI
$90,480
Year built
1975
Zoning
HB
Stories
2
The offering
Unique offering with this LEGAL 7 unit Multifamily. Full occupancy with great reliable tenants. Unit one is 2 Bedroom, 1 full bath, Unit two is 1 Bedroom, 1 Full Bath, Unit Three is a 2 Bedroom, 1 Full Bath, Unit Four is 2 Bedroom, 1 Full Bath, Unit Five is 2 Bedroom 1 Full Bath, Unit Six is 1 Bedroom, 1 Full Bath Unit Seven a 3 Bedroom, 1Full plus 1/2 Bath. TOTAL of 13 Bedrooms and 7 plus 1 1/2 Baths. Property has been maintained to perfection, and the grounds have a Park-Like quality with Gazebo and outdoor track for recreation and is mostly fenced. There are several outbuildings that provide additional income and versatile usage. Located conveniently within 10 minutes to TSP and Villages of Red Hook and Rhinebeck in the Red hook School District. Don't miss this opportunity to invest in this turnkey money maker!
Building & site
Interest conveyedFee simple
Gross building area10,388 SF
Building typeMulti Family
Property typeMulti Family
Year built1975
Stories2
Land area1.70 acres
Land area, SF74,052 SF
WaterWell
SewerSeptic Tank
HeatElectric, Oil
Tax parcel1336006471-00-591614-0000
Number of buildings8
Parking spaces16
Electric utilityCentral Hudson
Distance to train10 mi
Zoning & permitted uses
District
HB
Permitted uses are governed by the Milan zoning code and should be confirmed with the municipality. Ask a broker for the district summary.
Income & tenancy
Gross income (as reported)
$90,480
Lease terms are summarized from the executed lease and should be independently verified against the document, which is available under confidentiality agreement along with the rent roll and operating statements. Income shown is gross as reported by the listing broker, not verified against an operating statement.
Aerial imagery
The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.
Taxes & assessment
2026 taxes
$14,516
Assessed value
$717,200
Land assessment
$56,800
Full market value
$717,200
Owner of record
Small Group LLC
School district
Red Hook
Property class
411 · Convrted apt
Estimated annual tax, 2025 roll
County and town
$2,770
School, Red Hook
$11,301
Special districts
$365
Estimated total
$14,436
The estimate is the assessed value at the current county, town, school and village rates. Not a bill: exemptions, and any change to the assessment or the rates, move it.
Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.
