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Multiple Family Home in Cornwall on Hudson, New York

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51 Cherry Ave

Cornwall on Hudson, NY 12520

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$395,000 $1,648*
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Contact this seller Multiple Family Home 8 3 3600 1950 Orange DGA8518



Scenic Mountains - Viewed from Yard
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Scenic Mountains - Viewed from Yard

Highlights and Description

  • Colonial style construction
  • 5 stories
  • Built in 1950
  • Lot size is acre
  • Views of forest and mountains
  • Forced Air heating system
  • Wall Unit cooling system
  • City provided sewer/wastewater
  • Has an attic
  • Has a basement
  • Recently renovated
  • In the Great Quiet Neighborhood neighborhood
  • Part of the Cornwall school district
  • $9,500 estimated taxes (per month)
  • Home Comparable Report available.
Cornwall-On_Hudson - 3 Family Home This residential quiet neighborhood Multi-family home is a three unit building in great shape!  It is a five story building;  with two- 3 bedroom, 1 bath apartments and one - 2 bedroom, 1 bath apartment (each unit approx. 1,200 sq. ft), plus full walk-in basement and walk-up attic.  The building has new windows, doors, roof and siding.  Each unit has separate entrance, separate utilities; heat, hot water and electric paid by tenant. All tenants are on a one year lease and have provided two months security. There are no pets allowed, just good tenants. This home is located in a quiet residential neighborhood, yet tenants can walk to schools, place-of-worship and town shops. Great location, large private yard and spacious driveway.   This building would make a perfect starter home OR retirement solution; live in your two/three bedroom home and let the other two units pay for your expenses. Unit grosses $41,400 and nets $24,500. This building was appraised for $435,000 will do a quick sale for $395,000.
ALSO - ADDITIONAL SEVEN FAMILY INCOME PRODUCER 4 SALE Seven Family, converted estate, on large country parcel, fully rented. 5,600 sq. ft., two and half story building, on 2.6 country acres; 1 mile from town, shopping and schools.  All units rented with leases and security. House is on well and septic, separate electric, common heat and hot water.  Gross income $80K+, Nets $50K Was appraised for $630K will do a quick transaction at $540,000 If interested please e-mail for further information.  Please, only pre-approved mortgage applicant s inquirer.  These prices are firm and will be a quick sale. Owner is relocating investments.  Contact wbinder1@msn.com  Put "Cornwall - Multi Families" in Subject line.
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 * Est. payment based on 20% down and a 30-year fixed rate mortgage of 4.75%

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