375 Blumel Rd - Apartments FOR SALE


Scotchtown, NY 10941
$1,590,000 USD
516-491-9053
375 Blumel Rd, Scotchtown, NY for Sale
$1,590,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

375 Blumel Rd
Scotchtown, NY 10941


HIGHLIGHTS

  • Fresh Rennovation
  • Fifth apartment approved and under construction

OVERVIEW

Located at 375 Blumel Road in Scotchtown, New York, this exceptional historic multi-family investment property offers a rare opportunity to own a fully restored income-producing asset in the heart of Orange County in New York's Hudson Valley. Originally constructed in 1787 and completely renovated in 2024, the property combines historic architecture with modern upgrades and strong income potential. The building spans approximately 5,600 square feet and features four renovated residential units, each thoughtfully designed with updated kitchens, modern bathrooms, and high-quality finishes while preserving the character of the original structure. Situated on 1.66 acres, the property provides a unique setting with generous parking, open space, and attractive curb appeal while remaining conveniently located near Route 17, Interstate 84, Middletown, and major commuter routes throughout Orange County and the Hudson Valley. In addition to the residential apartments, the property includes five rentable garage units, creating an additional income stream and increasing the overall versatility of the asset. These conditioned garage spaces can be used for storage, hobby space, workshops, or small business uses, making them highly attractive to tenants seeking flexible workspace or vehicle storage. Following the extensive 2024 renovation, the property offers a turnkey opportunity for investors seeking a multi-family rental property in Orange County NY, with modernized interiors, improved systems, and strong long-term income potential. With its combination of historic charm, modern renovation, multiple income streams, and prime Hudson Valley location, this property presents an outstanding opportunity for investors, 1031 exchange buyers, or those seeking a unique income-producing property in Scotchtown, NY. Financials available upon request.

FOR SALE DETAILS

PRICE

$1,590,000 USD

PRICE/SF

$568 USD /SF

# OF UNITS

4

PRICE/UNIT

$397,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1789

PARKING SPACES

5

LAND DETAILS

LAND ACRES

1.66 AC

LAND SF

72,310 SF

ZONING

R2

APN/PARCEL ID

335200-024-000-0001-017.320-0000

ASK ABOUT THIS PROPERTY

Keegan RehillZORA REIMore Info
516-491-9053

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Keegan RehillZORA REIMore Info
516-491-9053

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.