James Q. Collins

586 Old Route 23 , Cairo, NY 12413

New - 41 Hours Ago

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Property Description

Turn-key scale, operational efficiency, and long-term upside. Set on 4.7 acres with 5 detached buildings: a main building with 10 various sized units, a single unit cottage, and two motel-style outbuildings, one with 8 units, and one with 2 units. 20 units are currently leased, with a 21st delivered leased at closing. Units are individually metered, supporting transparent operating expenses and clear NOI reporting. The 4.7-acre parcel may offer additional development potential, subject to municipal approvals. Seller may consider some owner financing for qualified buyers.Nearby communities including Hudson, Leeds, Catskill, and Windham are seeing renewed investment and development activity, from boutique hospitality to mixed-use revitalization projects--driving economic activity and long-term rental stability across Greene County. Located directly off Route 23, it serves a tenant base spanning a range of incomes and occupations. The property delivers dignified, well-maintained housing that tenants stay in, not cycle through--making it especially well-positioned in a region where demand for workforce housing continues to outpace supply.

586 Old Route 23 | MLS# 20260761

This multi-family property located at 586 Old Route 23 , Cairo, NY 12413 is currently listed for sale with an asking price of $2,995,000. Old Route 23 is located within the Cairo-Durham Central School District school district. Search Cairo real estate on james-collins.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Garage: 1
Lot Size: 4.70 Acres
Taxes: $19,873
Year Built: 1960

Feature Descriptions

Days on Site: 1
Parcel #: 192400
SQFT Total: 12522
Units: 21

Local Schools

School District: Cairo-Durham Central School District

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Estimated Payment

$ 9,195.20 per month $6,665.57 Principal & Interest $1,656.08 Property Tax $873.54 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: Hudson Modern

Shown By

Agent Name: James Q. Collins
Agent Phone: (201) 214-3621 Cell
Agency Title: Timberland Properties

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