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11-15a Tannery Brook Rd

4 Unit Block of Flats £1,014,373 (£253,593/Unit) Woodstock, NY 12498

Investment Highlights

  • Collection of 4 homes in historic village of Woodstock, NY
  • Includes a 2-bedroom farmhouse plus 3 distinctive 1-bedroom cottages
  • 8.25% cap rate when all 4 homes are rented (long-term basis)
  • Turnkey: All homes have been recently renovated
  • Garden setting yet close to shops, entertainment, NYC bus stop

Executive Summary

This collection of four distinct, meticulously renovated homes provides a rare opportunity to live, work, and create in the heart of historic Woodstock. The current owners have enjoyed the property two ways. They have lived in the beautiful 2-bedroom farmhouse while renting out the three 1-bedroom cottages, each with its own charm. More recently, they have had the pleasure of creating a haven for extended family and remote work. How would you make the most of this oasis? Pleasantly situated on a quarter-acre of wooded land, bluestone pathways, and seasonal flowers, the compound is close to everything Woodstock has to offer: unique shops, great cafes and nightlife, and the bus stop from NYC. Beyond the village, there's hiking in the Catskills, swimming in the Millstream and Big Deep, skiing in winter, and exploring nearby towns throughout the year. This 4-home collection could be enjoyed by an owner who uses the cottages for studio or remote-work space; an owner with extended family; or as a fantastic spot for a group of artists, writers, influencers, etc. Alternatively, the four homes could serve as an investment opportunity. Rent out all four homes on a long-term basis (monthly or annually), or live in one of the homes while renting out the other three. In addition to the 2-story farmhouse with bath, there is a 1-story cottage with one bed and full bath; a 1-bed, 1-bath studio; and a 1-bed, 1-bath carriage house with a single-car garage. Extensive top-to-bottom improvements have been made to each building. A list of improvements plus financials are available. Most of the furniture conveys with the property. Kingston, Phoenicia, Saugerties, and Rhinebeck (with an Amtrak train station) are nearby. Approximately 100 miles from the George Washington Bridge. For buyers in search of a unique home, a delightful compound, or an investment property with multiple possibilities, consider viewing this outstanding collection in one of America's most famous small towns. (The cap rate for this property with all four homes rented is 8.25%. Each cottage could be rented for $2500/month, while the farmhouse could be rented for $3500-$4000/month.)

Property Facts

Price £1,014,373
Price Per Unit £253,593
Sale Type Investment
No. Units 4
Property Type Residential
Property Subtype Apartment
Apartment Style Single Family Home
Building Class C
Lot Size 0.24 AC
Building Size 2,633 SF
Number of Floors 2
Year Built/Renovated 1900/2021

Site Amenities

  • Fenced Lot
  • Laundry Facilities
  • Guest Apartment
  • Vintage Building
  • Sundeck
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
5+4 4 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5800-027.055-0004-037.000-0000
Land Assessment
£86,163
Improvements Assessment
£356,401
Total Assessment
£442,564

zoning

Zoning Code HR (Residential)
HR (Residential)
  • Listing ID: 32614601

  • Date on Market: 29/07/2024

  • Last Updated:

  • Address: 11-15a Tannery Brook Rd, Woodstock, NY 12498

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