420 Crescent Ave Highland, NY 12528
Estimated payment $12,928/month
About This Home
Opportunity to acquire a large, well-located multi-family compound with tremendous upside potential. Originally built as a summer bungalow resort, the property features 32 acres of beautiful grounds with 9 individual buildings housing 22 residential units. These buildings include a 3BR single-family home (occupied by the current owners), a motel-like building with 6 studio apartments, a row building with 3 one-bedroom apartments, a two story building with 4 studio apartments, the original main house with 4 one-bedroom apartments, and 4 stand-alone one-bedroom cottages. There is one additional building that houses an on-site coin-operated laundry facility for the tenants. The grounds include mature shade trees, open lawns, wooded areas with stone walls and wild turkeys, and a large pond along the main entrance drive that was recently paved. All but three of the units are currently occupied, and rents are significantly below market rate, presenting an opportunity for major revenue growth. Further upside can potentially be unlocked by developing additional units on site - zoning density calculations suggest the ability to building another 12 units on the property. Full financials available upon request.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $41,289
Year Built
- Built in 1972
Lot Details
- 31.9 Acre Lot
Home Design
- 15,000 Sq Ft Home
Bedrooms and Bathrooms
- 24 Bedrooms
- 23 Bathrooms
Community Details
- No Home Owners Association
- 22 Units
Listing and Financial Details
- Legal Lot and Block 12 / 2
- Assessor Parcel Number 95.1-2-12
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2025 05/24/25 | For Sale | $1,695,000 | -- | $113 / Sq Ft |
Source: Hudson Valley Catskills Region Multiple List Service
MLS Number: 20251673
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 0 Crescent Ave Unit ONEH6301530
- 75 Palazzo Ln
- 312 Crescent Ave
- 745 State Route 44 55
- TBD South St
- 191 Bedell Ave
- 183 Pancake Hollow Rd
- 67 Picnic Woods Rd
- 27 Picnic Woods Rd
- 14 Tina Dr
- 00 Rt 44 55
- 136 S Ohioville Rd
- 144 S Ohioville Rd
- 235 S Ohioville Rd
- 124 Half Moon Rd
- 111 S Ohioville Rd
- tbd South St
- TBD Hawleys Corners Rd
- TBD Rt 9w
- TBD Route 9w