611 N Chodikee Lake

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611 N Chodikee Lake

Highland, NY 12528
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The asset consists of two distinct residential rental units.
  • Property is located at 611 N Chodikee Lake in Highland.
  • This multifamily building is situated within Ulster County.
  • The location offers connectivity throughout the Hudson Valley region.
  • The building is currently available for purchase by investors.

What's Special

This two-unit multifamily apartment building is situated at 611 N Chodikee Lake in Highland, New York. Positioned within Ulster County, this asset benefits from its placement in a region characterized by its proximity to the Hudson River and access to major regional transit corridors connecting the Hudson Valley to the greater New York City metropolitan area. The area features a mix of historic charm and growing residential demand, making it a viable location for small-scale rental housing operations. Investors looking to manage a manageable residential asset will find this property provides a clear entry point into the Highland submarket. The layout is structured to accommodate two separate living units, offering utility for landlords seeking straightforward rental income streams. As regional populations fluctuate with shifts in urban and suburban preference, well-positioned multifamily properties like this serve as essential inventory for local residents.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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