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3191 State Route 23 6 Unit Apartment Building $1,675,104 CAD ($279,184 CAD/Unit) Hillsdale, NY 12529
INVESTMENT HIGHLIGHTS
- Close to Town
- Close to Catamount Ski Resort and other Berkshire Valley Skiing
EXECUTIVE SUMMARY
Turn-key multifamily opportunity in the heart of the Hudson Valley—fully renovated and ready to generate income.
Six 2-bedroom, 1-bath units—each with separate electric meter, electric heat, and electric hot water for low owner expenses.
Projected 9.7% cap rate at asking price when fully rented—strong returns in a high-demand rental market.
Major capital improvements completed: new septic system, new municipal water service, and freshly paved driveway.
Modern curb appeal—dark siding, white trim, and red doors create a striking, low-maintenance exterior.
Desirable location near Catamount Ski Area, Great Barrington, and the Berkshires—strong year-round rental demand.
Fully renovated interiors with bright layouts, screened porches, and modern finishes—high tenant appeal and retention.
Low-maintenance investment with updated systems and efficient all-electric utilities.
Ideal for investors or 1031 exchange buyers seeking stable cash flow and appreciation potential.
Prime Hudson Valley growth corridor—just over two hours from NYC, in scenic Columbia County.
Six 2-bedroom, 1-bath units—each with separate electric meter, electric heat, and electric hot water for low owner expenses.
Projected 9.7% cap rate at asking price when fully rented—strong returns in a high-demand rental market.
Major capital improvements completed: new septic system, new municipal water service, and freshly paved driveway.
Modern curb appeal—dark siding, white trim, and red doors create a striking, low-maintenance exterior.
Desirable location near Catamount Ski Area, Great Barrington, and the Berkshires—strong year-round rental demand.
Fully renovated interiors with bright layouts, screened porches, and modern finishes—high tenant appeal and retention.
Low-maintenance investment with updated systems and efficient all-electric utilities.
Ideal for investors or 1031 exchange buyers seeking stable cash flow and appreciation potential.
Prime Hudson Valley growth corridor—just over two hours from NYC, in scenic Columbia County.
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,675,104 CAD | Building Class | C |
| Price Per Unit | $279,184 CAD | Lot Size | 6.12 AC |
| Sale Type | Investment | Building Size | 4,490 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1970/2024 |
| Apartment Style | Low-Rise | ||
| Zoning | RU - RU Zone is to preserve the rural character of the Town, to encourage agriculture, and to conserve large tracts of undeveloped Open Space. | ||
| Price | $1,675,104 CAD |
| Price Per Unit | $279,184 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 6.12 AC |
| Building Size | 4,490 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1970/2024 |
| Zoning | RU - RU Zone is to preserve the rural character of the Town, to encourage agriculture, and to conserve large tracts of undeveloped Open Space. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Refrigerator
- Oven
- Views
- Patio
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
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PROPERTY TAXES
| Parcel Number | 104200-146-000-0002-023-000-0000 | Total Assessment | $837,552 CAD (2024) |
| Land Assessment | $92,689 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $744,863 CAD (2024) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
104200-146-000-0002-023-000-0000
Land Assessment
$92,689 CAD (2024)
Improvements Assessment
$744,863 CAD (2024)
Total Assessment
$837,552 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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3191 State Route 23
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