586 Old Route 23

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.