Monroe, NY 10950
- $4,850,000
- 52
- BD
- 25
- BA
- 20,211
- SqFt
- List Price
- $4,850,000
- Status
- ACTIVE
- Days on Market
- 26
- MLS#
- 1044612
- Subtype
- Residential
- Style
- Other
- Year Built
- 1925
- Bedrooms
- 52
- Bathrooms
- 25
- Full Baths
- 25
- Living Area
- 20,211
- Lot Size
- 497,396
- Acres
- 11.42
- Neighborhood
- Monroe
Property 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.
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Additional Information
- Interior Features
- First Floor Bedroom, First Floor Full Bath, Beamed Ceilings, Built-in Features, Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Formal Dining, High Ceilings, High Speed Internet, Natural Woodwork, Original Details, Primary Bathroom, Master Downstairs, Recessed Lighting, Washer/Dryer Hookup
- Taxes
- $1
- Property Description
- Other
- Flooring
- Combination, Hardwood, Tile, Wood
- Appliances
- Dishwasher, Dryer, Freezer, Oven, Range, Refrigerator, Washer
- Heating
- Baseboard, Ducts, Electric, Forced Air, Hot Air, Hot Water, Oil, Propane, Radiant, Radiant Floor
- Air Conditioning
- Central Air, Ductwork, Wall/Window Unit(s)
- Parking
- Driveway, Garage, Off Street, Storage
- Parking Features
- Driveway, Garage, Off Street, Storage
- Garage Spaces
- 2
- School District
- Monroe-Woodbury
- Elementary School
- Central Valley Elementary School
- Middle School
- Monroe-Woodbury Middle School
- High School
- Monroe-Woodbury High School
- View
- Mountain(s), Open, Panoramic, Trees/Woods
Mortgage Calculator
Listing courtesy of Listing Agent: Joseph M. Frullaney (Jfrullaney.realtor@gmail.com) from Listing Office: Serhant LLC.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.