Property consists of a renovated 1800+ square foot single family home with a 1 car garage (rented month to month for $1,650) and a detached warehouse building (was previously rented for $650) and a 2 bedroom apartment (rented month to month for $975. All tenants pay their own utilities. Home has been updated and renovated featuring vinyl siding and replacement windows. Beautiful oak staircase as you enter, the living room offers a wood-burning fireplace and warm wood finishes. Large dinning room opens to the newly renovated kitchen boasting granite counter-tops and stainless appliances. Second floor has 3 size-able bedrooms and a renovated full bath. The lower level of the home has been converted into a master suite and is sure to impress. Property is Zoned BC (Business Commercial) and has extensive permitted business uses. This home can lend itself to a live work situation. The detached building has a 2 bedroom apartment on the first floor that could also be converted to office space if needed. The lower level of the building (warehouse area) is 60X60 +/-3,600 square feet of open span space with high ceilings. This could be the ideal property for anyone with a business that wants to work from home. High traffic location for business signage.Commercially zoned property located in the Heart of Port Ewen on busy Broadway (Route 9W). Homeowner had zoning switched to residential because of its current use so a buyer could purchase under a residential loan. If you wanted to use as commercial you would need to get it switched back to full commercial with the town (its in the commercial zone). Cap rate at asking price is 11.92%, this includes all owner expenses, a 3% vacancy rate and a 3% repair/maintenance rate.
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