1.96 Acres Lot
1.96 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 998452
Rental Info No
Year Built 1979
Annual Tax Amount $23,649
Lot Size 1.960 Acres
Acres 1.96
Property Sub-Type Duplex
Source onekey2
Property Description
The Philmont Collection is an established, income-generating rental portfolio currently operating at a profit in the Village of Philmont. Offered at $2,995,000, its seven buildings comprise 27 rented or rentable apartments, providing investors with immediate rental income and scale within a compact Hudson Valley village setting.
The October rent roll reports 21 leased apartments, with current scheduled rents totaling approximately $336,933 annually. The portfolio includes 62 Main Street, 20 Church Street, 5 Church Street, 3 Church Street, 3 Elm Street, 7 Canal Street and 5 Elm Street. Clustered within a few walkable blocks, the properties support convenient management and access to village amenities.
Capital improvements include extensive work at 62 Main Street: updated apartments and bathrooms, facade restoration, insulation improvements and conversion from central oil heating to individual electric systems. Current operations use DoorLoop for leasing, rent collection, maintenance coordination and tenant communications.
Beyond its established income, the collection offers additional revenue potential through six currently vacant apartments. Leasing these apartments at ownership's projected asking rents would add approximately $109,200 in annual rental revenue.
Historic architecture and proximity to Hudson, Amtrak, the Taconic State Parkway and the Hudson Valley's dining, cultural destinations and outdoor recreation add to the portfolio's appeal. Rent rolls, financial statements, parcel information and supporting materials are available upon request.
Scheduled and projected rents are not guaranteed collections. Unit counts and occupancy are ownership-reported, and occupancy is subject to change. Purchasers should independently verify unit counts, permitted configurations, rental status, square footage and financial performance.
Location
State NY
County Columbia County
Rooms
Basement Common, Full, Storage Space
Interior
Interior Features First Floor Bedroom, First Floor Full Bath, High Ceilings
Heating Baseboard, Heat Pump, Oil
Cooling Ductless
Fireplace No
Exterior
Parking Features Driveway
Garage Spaces 2.0
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Garage true
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Wood Siding
Schools
Elementary Schools Taconic Hills Elementary School
Middle Schools Taconic Hills Junior/Senior High
High Schools Taconic Hills
School District Taconic Hills
Others
Senior Community No
Special Listing Condition None
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "