Property Description

Turnkey Three-Unit Investment - Stamford Village, NY Generating $42,000 in annual gross rents, this three-family sits on a quiet side street in the heart of Stamford Village, the self-styled Queen of the Catskills. Residents are steps from shops, dining, a grocery store, bank, and post office, with village amenities including a municipal swimming pool and direct access to the Catskill Scenic Trail. Lake Utsayantha and Mount Utsayantha offer nearby boating, fishing, and hiking, and Plattekill Mountain ski resort is a short drive away in neighboring Roxbury. Oneonta - home to SUNY Oneonta, area hospitals, and larger retail - is about 26 miles and roughly 30-45 minutes west via NY-23. Unit 1 is a spacious two-story, three-bedroom apartment with a well-appointed kitchen, in-unit washer/dryer, a front porch, and exclusive use of the fully fenced backyard. Unit 2 is a generous first-floor one-bedroom filled with natural light, offering a private covered deck and washer/dryer hookup. Unit 3 is a charming second-floor one-bedroom with its own covered deck overlooking the village and in-unit laundry. All three units are separately metered for electric, and tenants cover their own utilities except water/sewer. Current rents are $1,550, $1,000, and $950 per month, totaling $3,500 gross monthly. The sale includes a second deeded gravel parking lot providing off-street parking for all tenants. The property has public water and sewer, high-speed internet availability, and a fenced backyard with a storage shed. This is a village multi-family with reliable rental income - an uncommon find in the Catskills market. Whether expanding a portfolio or owner-occupying with two units covering the mortgage, the numbers work. Shown by appointment.

Property Features

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