18 Units in Rhinebeck, NY - Value-Add Multi-Family Investment Opportunity

1-18 Willow Way Rhinebeck, NY 12572

1-18 Willow Way, Rhinebeck, NY, 12572
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$3,500,000
Last Verified:
Apr 18, 2024

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Description

This well maintained 18-unit garden style apartment complex presents a prime value-add investment opportunity in a sought-after Rhinebeck, NY location. The property comprises a mix of unit types, including 14 spacious two-bedroom apartments, 3 one-bedroom plus den units, and one studio apartment, along with a two-car garage. The property boasts impressive landscaping, creating a serene and welcoming environment for residents. Plenty of parking available for both tenants and guests, ensuring convenience and ease of access. The units feature a mix of ground-floor flats, two-level townhome-style layouts with 2 bedrooms and 1.5 baths, and a few mixed floor plan units. This variety adds character and charm to the complex, appealing to different tenant preferences.

Rhinebeck, NY, is a charming village located in Dutchess County, New York, nestled in the scenic Hudson Valley. It's known for its historic architecture, tree-lined streets, and picturesque countryside.


Year Built: 2007
Building Size: 25121sq ft
Lot Size: 6.82 acres


Documents

Willow Way, Rhinebeck Rent Roll.pdf
Willow Way, Rhinebeck I&E.pdf

Map of 1-18 Willow Way, Rhinebeck, NY, 12572

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.