Nest Seekers

Rare 20 Property Rental Portfolio Approximately 40 Parcels Mountain Lodge Park Offered for the first time in decades, this unique portfolio includes 20 rental properties across approximately 40 parcels, concentrated ...

Monroe, NY 10950

Listing

Web ID:5718329
Website:https://www.nestseekers.com/5718329

Property

Ownership: For Sale
Type: Single Family
Rooms: 77
Bedrooms: 52 BR
Bathrooms: 25
Lot Size: 11.4 Acres

Financials

Price:$4,850,000
Annual Taxes:$1

Description

Rare 20-Property Rental Portfolio | Approximately 40 Parcels | Mountain Lodge Park Offered for the first time in decades, this unique portfolio includes 20 rental properties across approximately 40 parcels, concentrated within the Mountain Lodge Park community. Investors can acquire decades of accumulated ownership and capital investment in a single transaction. Numerous properties have received significant structural, mechanical, and cosmetic improvements, including newer roofs, heating systems, kitchens, baths, wells, siding, windows, flooring, and other upgrades. The portfolio offers established cash flow with additional upside through rent optimization, targeted renovations, rehabilitation of underutilized assets, and potential future use of additional land, subject to applicable approvals. The concentration of properties provides operational efficiencies rarely available in a portfolio of primarily single-family rentals. Convenient access to I-87, approximately 60–75 minutes to NYC, 10–15 minutes to Woodbury Common, 20–25 minutes to West Point, and 20–25 minutes to Stewart International Airport. 20 rentals. Approximately 40 parcels. Existing cash flow. Value-add potential. Decades of investment already completed.

Amenities

  • Back Yard
  • beamed ceilings
  • Built-in Features
  • Cable - Available
  • Cable Connected
  • Ceiling Fan(s)
  • Dishwasher
  • Dryer
  • Eat-in Kitchen
  • Electricity Available
  • Electricity Connected
  • Entrance Foyer
  • First Floor Bedroom
  • First Floor Full Bath
  • Formal Dining
  • Freezer
  • Front Yard
  • Garden
  • High ceiling
  • High Speed Internet
  • Master Downstairs
  • Mountain(s)
  • Natural Woodwork
  • Near Public Transit
  • Near School
  • Near Shops
  • Open
  • Original Details
  • Oven
  • Panoramic
  • Part Wooded
  • Phone Available
  • Phone Connected
  • Primary Bathroom
  • Propane
  • Range
  • Recessed Lighting
  • Refrigerator
  • Secluded
  • Trees/Woods
  • Views
  • Washer
  • Washer/Dryer Hookup
  • Wooded

Contact

Bridgehampton, NY
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Phone: +1 631-353-3427
Fax: +1 631-614-7858
hamptonsinfo@nestseekers.com
Listing Courtesy of Serhant LLC
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