423 Main Street

Description

Welcome to 423 Main Street, a rare investment opportunity located right in the heart of Rosendale. This fully occupied four-unit multifamily with an additional 1-bedroom accessory dwelling unit offers strong, stable income and long-term tenants with an excellent payment history. Total collected rent is an impressive $7,550 per month, allowing an investor to step in and start generating profit immediately. The property sits along vibrant Main Street, placing residents within walking distance to shops, restaurants, and community amenities. Outdoor enthusiasts will love the ability to walk or bike directly to the nearby Wallkill Valley Rail Trail, with quick access to the Mohonk Preserve and Minnewaska State Park only minutes away. Commuters benefit from an easy drive to the New York State Thruway, making this an ideal location for both convenience and lifestyle. Tenants pay for their own electricity and personal utilities (cable/Wi-Fi). The owner covers heat, hot water, garbage service, and landscaping, offering simple, predictable management. Rent Roll: Apartment 1 – First Floor 1 Bedroom $1,100 Apartment 2 – First Floor 2 Bedroom $1,950 Apartment 3 – Entire Second Floor 3 Bedroom $2,300 Apt 4 - Studio Attic Unit $600 Accessory Dwelling Unit (Rear Cottage) 1 Bedroom $1,600 Total Monthly Income $7,550 This can be a package deal with 425 Main St next door.