Exceptional 3 Unit Investment Property in the Heart of Cold Spring Rare opportunity to own a well maintained three unit residential rental property on a side street in the charming ...


Property

Website: https://www.nestseekers.com/5440155
Address:
Philipstown, NY 10516
Ownership: For Sale
Type: Unknown
Bedrooms: 6 BR
Bathrooms: 3
Lot Size: 0.0 Acres

Financials

Price:$1,325,000
Annual Taxes:$13,749.53

Description

Exceptional 3-Unit Investment Property in the Heart of Cold Spring Rare opportunity to own a well-maintained three-unit residential rental property on a side street in the charming Village of Cold Spring. This income-producing building features three spacious two-bedroom apartments, each with separate electric meters, electric heat, and electric hot water—offering convenience and simplified management. Each apartment includes a generous eat-in kitchen, comfortable living room, and in-unit washer/dryers. The top-floor unit also features a dishwasher. The property is currently fully furnished and may be acquired furnished or unfurnished, creating flexible rental options for owners or tenants. Additional value-and opportunities include a large attic with approximately 7-foot ceilings—ideal for storage, studio, or office use—as well as a full basement for additional storage needs. Residents enjoy an unbeatable location close to Cold Spring’s celebrated shops, restaurants, hiking trails, and convenient access to the Metro-North Railroad for an easy commute to New York City. Apartment Highlights First Floor: Tranquil and cozy layout featuring a spacious primary bedroom, inviting eat-in kitchen, and a front porch perfect for morning coffee or evening relaxation. Second Floor: Unique New Orleans-style outdoor veranda, a rare in Cold Spring, plus abundant natural light, spacious eat-in kitchen, and peaceful bedrooms. Third Floor: Perched high above the village, this airy apartment feels private and serene with sunny interiors and charming peek-a-boo views of the Hudson River. A distinctive multi-family property in one of the Hudson Valley’s most desirable river towns. Ideal for investors, owner-occupants, or those seeking a flexible live/work opportunity.

Amenities

  • Eat-in Kitchen
  • Electricity Connected

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of Houlihan Lawrence Inc.