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Listed by: William Pitt Sotheby's
$ 2,995,000
Est. payment /mo
Active
62 Main ST Philmont, NY 12534
1.15 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20265238
Year Built 1979
Annual Tax Amount $23,649
Tax Year 23649
Lot Size 1.150 Acres
Acres 1.15
Property Sub-Type Duplex
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
The Philmont Collection combines established rental income with the opportunity to increase revenue by leasing the remaining vacancies. Seven buildings comprise 27 rented or rentable apartments in the Village of Philmont, offering investors scale within a compact Hudson Valley village setting. Currently operating at a profit and offered at 2,995,000 dollars, the collection provides immediate income with further leasing upside.
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. The October rent roll reports 21 leased apartments and six vacancies, with current scheduled rents totaling approximately 336,933 dollars annually. Leasing the remaining apartments at ownership's projected asking rents would add approximately 109,200 dollars in annual rental revenue.
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.
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.
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. The October rent roll reports 21 leased apartments and six vacancies, with current scheduled rents totaling approximately 336,933 dollars annually. Leasing the remaining apartments at ownership's projected asking rents would add approximately 109,200 dollars in annual rental revenue.
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.
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
Area Claverack
Zoning multifamily
Schools
High Schools Taconic Hills Central Schools
School District Taconic Hills Central Schools
Others
Tax ID 113.130-0001-003.000
NEARBY SCHOOL & BUSINESS
AFFORDABILITY CALCULATOR
Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.
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