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190 Grandview Apartments Rd - Grandiew Apartments 12 Unit Apartment Building Offered at $1,250,000 Grand Gorge, NY 12434
Investment Highlights
- Off street parking
- Separate Electric meters
- newer Roof
- Brick Exterior
- Laundry Available
- newer mechanicals
Executive Summary
The Grandview Twelve: Turnkey Brick Multi-Family on 3.5 Acres
Discover a rare turnkey multi-family asset in the heart of the Catskills. This commanding 11,704 sq. ft. brick apartment building offers the perfect blend of structural integrity, modern updates, and high-yield potential. Situated on a sprawling 3.5-acre lot, this property provides a sense of space and privacy rarely found in multi-unit investments. A timeless, low-maintenance brick exterior ensures durability and aesthetic appeal for years to come. Peace of mind comes standard with a newer roof, significantly reducing near-term capital expenditure. Fully connected to municipal water and sewer. All 12 units feature a highly marketable 2-bedroom, 1-bathroom configuration, catering to the region's strongest rental demographic. Off-street parking lot accommodates 20+ vehicles, a premium feature for tenants and guests. The 3.5-acre parcel offers potential for outdoor tenant amenities, green space, or future site expansion (subject to local zoning). Located in Grand Gorge, minutes from the crossroads of 2 state highways, this property serves as a central hub between the high-demand ski markets of Windham and Hunter and the growing employment centers in Oneonta and Delhi. With over 11,000 square feet of rentable space and a simplified management profile thanks to the uniform unit layouts, 190 Grandview is a powerhouse addition to any portfolio. Whether you are looking for a steady "buy-and-hold" income stream or a value-add play through cosmetic interior updates, this brick-and-mortar staple is built for long-term appreciation. Schedule your private tour today to witness the scale and stability of this Catskill Mountain landmark.
Discover a rare turnkey multi-family asset in the heart of the Catskills. This commanding 11,704 sq. ft. brick apartment building offers the perfect blend of structural integrity, modern updates, and high-yield potential. Situated on a sprawling 3.5-acre lot, this property provides a sense of space and privacy rarely found in multi-unit investments. A timeless, low-maintenance brick exterior ensures durability and aesthetic appeal for years to come. Peace of mind comes standard with a newer roof, significantly reducing near-term capital expenditure. Fully connected to municipal water and sewer. All 12 units feature a highly marketable 2-bedroom, 1-bathroom configuration, catering to the region's strongest rental demographic. Off-street parking lot accommodates 20+ vehicles, a premium feature for tenants and guests. The 3.5-acre parcel offers potential for outdoor tenant amenities, green space, or future site expansion (subject to local zoning). Located in Grand Gorge, minutes from the crossroads of 2 state highways, this property serves as a central hub between the high-demand ski markets of Windham and Hunter and the growing employment centers in Oneonta and Delhi. With over 11,000 square feet of rentable space and a simplified management profile thanks to the uniform unit layouts, 190 Grandview is a powerhouse addition to any portfolio. Whether you are looking for a steady "buy-and-hold" income stream or a value-add play through cosmetic interior updates, this brick-and-mortar staple is built for long-term appreciation. Schedule your private tour today to witness the scale and stability of this Catskill Mountain landmark.
Property Facts
| Price | $1,250,000 | Lot Size | 0.94 AC |
| Price Per Unit | $104,167 | Building Size | 11,705 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 12 | Year Built | 1980 |
| Property Type | Multifamily | Parking Ratio | 1.42/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi | ||
| Price | $1,250,000 |
| Price Per Unit | $104,167 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.94 AC |
| Building Size | 11,705 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | Multi |
Amenities
Unit Amenities
- Cable Ready
- Dishwasher
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
- Walk-In Closets
- Wi-Fi
- Yard
- Double Pane Windows
- Lawn
- Linen Closet
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Storage Space
- Private Bathroom
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | $1,000 | 925 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 124800-092-001-0001-004-000 | Improvements Assessment | $683,700 |
| Land Assessment | $41,300 | Total Assessment | $725,000 |
Property Taxes
Parcel Number
124800-092-001-0001-004-000
Land Assessment
$41,300
Improvements Assessment
$683,700
Total Assessment
$725,000
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Contact the Sale Advisor
190 Grandview Apartments Rd - Grandiew Apartments