4 White Birch Lane,Mount Tremper, NY 12457
Mount Tremper, NY 12457
Description
Woodstock Apartment Complex - Rare opportunity to acquire an established 15-unit multifamily investment in the Woodstock, NY Hamlet of Wittenberg. Situated on 4.5 acres in a peaceful rural setting, the property combines stable income with significant value-added potential in one of the Hudson Valley's strongest, most sought-after rental markets. The complex consists of 15 studio and one-bedroom apartments housed within a main building which also includes a lobby/common entry area. Two detached outbuildings provide ancillary space for management offices, tenant laundry facilities and additional storage. Designed for efficient operation, each apartment is equipped with individually metered electric service, with electric heat and electric stovetops throughout, allowing tenants to pay for their own utilities. The property is served by a private well and a recently reconstructed septic system completed through the DEP's Catskill Watershed Corporation, providing peace of mind for future ownership. Roofing on the main building is new. Cable/wifi and common area maintenance provided by landlord. Steady passive income generated by a pro forma CAP rate of 7.3 can readily be improved upon. Despite consistently strong rental demand, at least 5 apartment units are scheduled to be delivered vacant, allowing a new owner to address deferred maintenance, upgrade finishes and lease units at market rates without tenant displacement. Great location between the villages of Woodstock and Phoenicia with all the Hudson Valley/Catskill Mountain has to offer--world class natural beauty, hiking, biking, fishing, skiing, arts, live music, culture and cuisine--all in one place!
Details
| MLS # | 1035529 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 67 |
| Listing Provided By | Halter Associates Realty Inc | Pieta Williams |
Features
| SQ Feet | 5,960 |
|---|---|
| Units | 15 |
| Building(s) | 3 |
| Zoning | R5 |
| Acreage | 4.50 |
Interior
| Cooling | None |
|---|---|
| Heating | Electric |
Exterior
| Construction Materials | Shake Siding |
|---|---|
| Lot Features | Part Wooded |
Parking
| Parking Features | Common, Off Street, Parking Lot |
|---|
Utilities
| Utilities | Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Septic Tank |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 492000 |
| Tax Annual Amount | 13226.66 |
| Tax Lot | 5 |
Area Information
| State | NY |
|---|---|
| County | Ulster County |
| City | Mount Tremper |
| Zip Code | 12457 |
| Listing VS Median (in 12457) | |
Price: $1,775,000 low | high Med: $1,775,000 sqft: 5,960 low | high Med: 5,960 $ / sqft: $298 low | high Med: $298 On site: 67 low | high Med: 67 | |
Market Activity 12457
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Learn More About This Property
| State | NY |
|---|---|
| County | Ulster County |
| City | Mount Tremper |
| Zip Code | 12457 |
| Listing VS Median (in 12457) | |
Price: $1,775,000 low | high Med: $1,775,000 sqft: 5,960 low | high Med: 5,960 $ / sqft: $298 low | high Med: $298 On site: 67 low | high Med: 67 | |