The Oak & Avery Group is pleased to present 3140 Route 209, formally known as "The Woodland Country Apartments," a 46-unit multifamily complex located in the Stone Ridge section of Kingston. It is in proximity to I-87, NYS Route 32, SUNY Ulster, SUNY New Paltz, Kingston-Ulster Airport, Stewart International Airport and numerous Hudson Valley attractions including Mohonk Resort Hotel, Minnewaska State Park and wineries.
The complex sits on a 43 acre parcel and is divided into 6 separate buildings. The floor plans are unique, spacious and vary from a standard one-bedroom to three-bedroom lofts. Five units have been gut renovated and five units partially renovated over the last few years. Rents are under-market across the board allowing for upside potential (~20%). The property is within the Marbletown municipality and is NOT SUBJECT TO RENT STABILIZATION.
All tenants pay their own utilities via electric and gas. The landlord orders the gas in bulk and resells to the tenants. There are numerous on-site wells for the water supply and one central septic system. Ninety percent of units have washer-dryer hookups. There is more than adequate parking for tenants.
The complex is professionally maintained by a full-time manager/super, who also upkeeps landscaping and snow removal duties. All roads/driveways have been repaved within the last 5 years and all roofs have been replaced within the last 8 years. The majority of hot water heaters have been replaced with "demand heaters," eliminating the need for water tanks.