NOT LISTED FOR SALE

15 Mountain Rd Shokan, NY 12481

9 Beds
4 Baths
3,723 Sq Ft
0.94 Acres

Last Sold May 11, 2021

Last sale price $335,000 $90 Per Sq Ft

184 Days on Market

Highlights

  • Farmhouse Style Home
  • No HOA
  • Ceramic Tile Flooring
  • Woodstock Elementary School Rated A-
  • Shed
  • Baseboard Heating

About This Home

As of May 2021

A smart 4 family investment awaits you in the quaint Hamlet of Shokan in the town of Olive. Less than 20 minutes to the NYS thruway, this manageable building has rent that's below average especially considering that heat and electric are also included. This building easily maintains its occupied status year round. With almost an acre of land surrounding the house there is plenty of room for tenants to enjoy the outdoors. Each tenant has their own off street parking space for 2 cars which is maintained in the winter by the tenants. All units have had recent upgrades with fresh paint, new carpet, polished hardwood flooring, ceramic tiles, kitchen cabinets and some counter tops. This home is in close proximity to shopping, the reservoir, Woodstock and Phoenicia. Enjoy hiking, skiing, and fishing in the mountains or take a walk or bike ride on the Ashokan Rail Trail only 200 yards across the street. Great opportunity for any novice or seasoned investor.

Last Agent to Sell the Property

Rodney Batista

Howard Hanna Rand Realty License #10401294303 Listed on: 07/29/2020

Howard Hanna Rand Realty

Last Buyer's Agent

NON MLS OFFICE

Anderson Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Lot Details

  • 0.94 Acre Lot
  • Level Lot

Home Design

  • Quadruplex
  • Farmhouse Style Home
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Asbestos

Flooring

  • Carpet
  • Linoleum
  • Ceramic Tile

Attic

  • Storage In Attic
  • Pull Down Stairs to Attic

Basement

  • Dirt Floor
  • Crawl Space

Parking

  • Shared Driveway
  • Parking Lot
  • Off-Street Parking

Schools

  • Bennett 4-6 Elementary School

Utilities

  • Heating System Uses Oil
  • Baseboard Heating
  • 200+ Amp Service
  • Well

Additional Features

  • Range
  • Shed

Listing and Financial Details

  • The owner pays for electricity, insurance, oil, taxes, trash collection
  • Legal Lot and Block 21 / 2

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Electric Expense $3,285
  • Fuel Expense $7,344
  • Insurance Expense $2,768
  • New Taxes Expense $4,917
  • Net Operating Income $29,187

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Year Built: 1880
  • Property Sub-Type: Quadruplex
  • Lot Size Acres: 0.94
  • Co List Office Phone: 845-338-5252
  • MLS Status: Closed
  • Architectural Style: Farmhouse
  • Master Plan Zoning: R4
  • Location Tax and Legal:Tax Block: 2
  • General Property Information Lot Size Acres: 0.94
  • General Property Information Lot Size Dimensions: .94
  • Electric:_two_00 Amp Service: Yes
  • Flooring:Carpet: Yes
  • Flooring:Ceramic Tile: Yes
  • Flooring:Linoleum: Yes
  • Income And Expenses New Taxes Expense: 4917.0
  • Income And Expenses Cap Rate: 9.0
  • Gross Scheduled Income: 51900.0
  • Income And Expenses Fuel Expense: 7344.0
  • Other Structures:Shed(s): Yes
  • Attic Features Pull-Down Stairs: Yes
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Well: Yes
  • Architectural Style Farm House: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Other, Refrigerator, Range
  • Basement: Crawl Space, Dirt Floor
  • Flooring: Carpet, Ceramic Tile, Linoleum
  • Basement:Crawl Space: Yes
  • Appliances Range: Yes
  • Basement:Dirt Floor: Yes
  • Attic Features:Storage Only: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Construction Type: Asbestos, Frame
  • Other Structures: Shed(s)
  • Construction Materials:Frame: Yes
  • Lot Features:Level: Yes
  • Construction Materials:Asbestos: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Shared Driveway, Parking Lot, Off Street
  • General Property Information:Garage YN: No
  • Parking Features:Off Street: Yes
  • Parking Features:Shared Driveway: Yes
  • Parking Features:Parking Lot: Yes

Utilities

  • Sewer: Holding Tank
  • Electric: 200+ Amp Service
  • Heating: Baseboard, Oil
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Baseboard: Yes
  • Heating:Oil: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Fee Information

  • Trash Expense: 1104.0

Schools

  • Junior High Dist: Onteora Central

Lot Info

  • Lot Features: Level
  • Lot Dimensions: .94
  • Lot Size Sq Ft: 40946.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Insurance, Oil, Taxes, Trash Collection, Other
  • Tenant Pays: Gas

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 3285.0
  • Insurance Expense: 2768.0
  • Net Operating Income: 29187.0

Tax Info

  • New Taxes Expense: 4917.0
  • Tax Block: 2
  • Tax Lot: 21

MLS Schools

  • Elementary School: Bennett 4-6

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2021 05/11/21 Sold $335,000 +27816.7% $90 / Sq Ft
01/28/2021 01/28/21 Pending -- -- --
08/06/2020 08/06/20 Rented $1,200 0.0% --
07/28/2020 07/28/20 For Sale $335,000 0.0% $90 / Sq Ft
07/22/2020 07/22/20 For Rent $1,200 +23.1% --
06/24/2019 06/24/19 Rented $975 0.0% --
04/15/2019 04/15/19 For Rent $975 -- --
Source: Hudson Valley Catskills Region Multiple List Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20202881

Hudson Valley Catskills Region Multiple List Service