586 Old Route 23, Cairo

$2,995,000

26 Beds
0 Bath
12,522 Sqft
4.7 Acres
1 Garage

Turn-key scale, operational efficiency, and long-term upside. Set on 4.7 acres with 5 detached buildings: a main building with 10 various sized units, a single unit cottage, and two motel-style outbuildings, one with 8 units, and one with 2 units. 20 units are currently leased, with a 21st delivered leased at closing. Units are individually metered, supporting transparent operating expenses and clear NOI reporting. The 4.7-acre parcel may offer additional development potential, subject to municipal approvals. Seller may consider some owner financing for qualified buyers.

Nearby communities including Hudson, Leeds, Catskill, and Windham are seeing renewed investment and development activity, from boutique hospitality to mixed-use revitalization projects--driving economic activity and long-term rental stability across Greene County. Located directly off Route 23, it serves a tenant base spanning a range of incomes and occupations. The property delivers dignified, well-maintained housing that tenants stay in, not cycle through--making it especially well-positioned in a region where demand for workforce housing continues to outpace supply.

Essential Information
MLS® #20260761
Price$2,995,000
Bedrooms26
Bathrooms0.00
Square Footage12,522
Acres4.70
Year Built1960
TypeResidential Income
Sub-TypeMulti Family
StatusActive
Community Information
Address586 Old Route 23
AreaCairo
CityCairo
CountyGreene
StateNY
Zip Code12413
Amenities
# of Garages1
District

Cairo-Durham Central School District

Additional Information
Zoning01
Listing Details
AgentZev Eisenberg
Listing Courtesy of Hudson Modern
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