1296 - 1298 Route 22, Wingdale, NY 12594

Property Description

Immediate income from this turn-key multi-unit rental property. Fully rented, four units in three recently renovated buildings generate $6,900 monthly, $82,800 annually in rental income. The property is almost an acre, cleared and level with plenty of lawn and parking space. It is highly visible, being on Route 22 with an annual average daily traffic count of 9,770. In Wingdale, just north of the Pawling town line, the setting is breathtaking, with mountains behind and the Great Swamp across Route 22. The 4 units are in 3 separate structures. The first house is a 1560 SF split level contemporary with newer gas furnace with two units, the main home a 3 bedroom, 1 bath and the legal accessory apartment with 1 bedroom, 1 bath with a rear entrance. The second home is a 1680 SF contemporary cape with first floor master bedroom and bath, two additional bedrooms and full bath upstairs. The third building is a Dutch colonial styled barn with the first story a two-bay heated garage with a 9.5 foot ceiling, high doors, half bath and laundry. Upstairs is an 1120 SF 1 bedroom, 1 bath apartment plus den/office. All 4 units have access to the green space outside and a common parking lot. There is a long list of improvements, including a brand new 8 bedroom septic system. It is possible that the property will be rezoned commercial soon. If that happens, some or all of the units could be converted to retail or other commercial use with significantly increased rental income. 2 minutes to the Wingdale Metro North station, 5 minutes to the quaint Village of Pawling with fine dining, shops, and pubs.