HUDSON VALLEY MULTIFAMILY REAL ESTATE FOR INVESTMENT
Hudson Valley Multifamily Properties are becoming increasingly sought after. Individuals see the regular income flow from these properties as a positive factor. They are a relatively safe investment with a very impressive upside if chosen in up and coming areas. If selected in the right areas, they also can appreciate considerably over time.
Selecting the Right Location
Predicting which areas are improving is not always easy. And other considerations are relevant. If you are managing the property yourself, proximity is an important consideration. Onsite efforts are often necessary for repairs, maintenance and supervision of individual units suggests a convenient location. Some second homeowners find that having income property in the area of their second home carries the additional benefit of allowing for deductions related to management.
Financing Multifamily Properties
While some investors may be able to finance individual purchases on their own, significant advantages accrue to financing options. Especially for newcomers to the multifamily enterprise, FHA financing may make multifamily properties particularly attractive. Owner occupancy can result in low down payments and rent free living as the rents pay the mortgage and allow for equity building. And in general bank financing is critical to building a portfolio of investment properties. Bank financing has additional tax advantages in the ability to deduct interest payments in addition to expenses, taxes, depreciation and operational costs.
Managing Multifamily Properties
The most profitable way to run multifamily properties is to manage and maintain them yourself. That is why individuals with expertise in construction, plumbing and electric can do exceptionally well. The ability to find professional maintenance and management assistance is a great boon to larger scale investors. As the number of units increase the costs of these professionals tends to become more favorable. And for tax purposes these costs are deductible.
Search Hudson Valley Multifamily Real Estate
Our newest farm properties are displayed below, most recent first. Search in order of price by clicking the bar to the right.
- Germantown Multifamily 4 Units Plus Barn 1 Acre Net 30K
- Germantown Multifamily 4 Units Plus Barn 1 Acre Net 30K. This Multifamily is a great opportunity for solid income with 4 units that earn 30K, and a large barn. Currently a workshop, garage, large loft, and convenient to Germantown and northern Dutchess county.
- Contact: David Birch
- Cell Number: 518-928-7239
- $299,000
- Saugerties Esopus Creek Cabins 11 Cabins 4 Acres 12477
- Saugerties Esopus Creek Cabins 11 Cabins 4 Acres. Located in Saugerties on Esopus Creek with 4.1 acres you can rent out the cabins year round or for short term vacations. All Cabins have completely separate utilities. Only tw0 hours from NYC, these cabins would make the perfect second home rental .
- Contact: David Birch
- Cell Number: 518-928-7239
- $1,100,000
- Ghent Barn 165X45 6Acres 2 Apartments Open Space 12075
- Ghent Barn 165X45 6Acres 2 Apartments Open Space. This 165 x 45 huge barn was formerly for horses now has 2 apartments and is a combination home and home business on 6 acres of open land. Located on a quiet convenient to Chatham Village, the Taconic State Parkway and I-90 it also has a dramatic building site with full Catskill views for high end residence.
- Contact: David Birch
- Cell Number: 518-928-7239
- $499,000
- Hudson Multifamily 5 Units $46,200 Income 12534
- Hudson Multifamily 5 Units $46,200 Income. This 5 Unit multifamily is near the Hospital and is a great opportunity for rental income in prime Hudson location. Tenants pay all utilities, has had an energy upgrade and there is also extra land available.
- Contact: David Birch
- Cell Number: 518-928-7239
- $479,000
- Catskill NY Sidehall Colonial Auction Property 12414
- Catskill Multifamily 4 Units Auction Property. Auction Property Bid By 12-15-2019. Totally tastefully renovated Side Hall Colonial, in nice village setting. 4 bedrooms 1.5 baths. Contact David Birch at davidbirch7733@gmail.com for more information.
- Contact: David Birch
- Cell Number: 518-928-7239
- $269,000
- Spencertown Family Compound Main House Plus Guest House
- Spencertown Family Compound Main House Plus Guest House. This family compound has 1 main house plus a 4BR guest house . An unusual estate property offers gracious living with a great room, dining room, Kitchen, and guest bed room and large master suite on 5 manicured acres. The guest house has 4BR 2 1/2 BA and entertaining space with bar and large garage workspace on ground level that could be converted into living space.
- Contact: David Birch
- Cell Number: 518-928-7239
- $899,000
- Catskill Multifamily 15 Units Rent Roll $151,000 Expandable
- Catskill Multifamily 15 Units Rent Roll $151,000 Expandable. This 15 Unit Multifamily is a great rental property with its own hiking trails and frontage on Kaaterskill Creek. With a rent roll of $151,00 there is room to expand and it is convenient to Ulster and Greene Counties, including Catskill village and Hunter Mountain. Good business opportunity.
- Contact: David Birch
- Cell Number: 518-928-7239
- $714,999
- Pine Plains 3 Family Main Street RR $27,600 12567
- Pine Plains 3 Family Main Street RR $27,600. This 3 Family is located on Pine Plains Main Street. Convenient to everything it needs paint job but motivated seller is ready to pass it on.
- Contact: David Birch
- Cell Number: 518-928-7239
- $225,000
- Livingston Mini Farm 3200SF Home 3 Barns 12 Acres 12451
- Livingston Mini Farm 3200SF Home 3 Barns 12 Acres. A great opportunity for country living and income on a quiet road 10 minutes from Hudson and Amtrak. The 3BR newly renovated owner apartment plus 2 rental units has $2,000/m income. The gravelly soil is good for farming and there is a high point for a new home with up to 30 additional acres available.
- Contact: David Birch
- Cell Number: 518-928-7239
- $585,000
- Dutchess 1790 Mansion 17Acres Plus Outbuildings 12590
- Wappinger 1790's Mansion 17Acres Plus Outbuildings. This 1790's mansion with several outbuildings is an extraordinary development opportunity for residential, commercial complex. Original structure was a Dutch Stone house , converted to brick during the later 1700's then made into a Victorian residence at the turn of the century when it was the center of a 600 acre farm. Possible uses include, residential facility, multifamily complex or commercial enterprise including farming.
- Contact: David Birch
- Cell Number: 518-928-7239
- $1,450,000
View Hudson Valley Multifamily Properties from the MLS
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More Info About Hudson Valley Multifamily Real Estate
While 2 family homes are easier to manage than 3 or 4 family homes, they do not generate the higher incomes associated with multiple units. As you increase the number of units issues of financing and insurance become more complicated. HUD guaranteed financing is available for multifamily residences, up to 4 units. A special program insures up to 85% financing on properties with 5 or more units. In fiscal year 2012, the Department insured mortgages for 644 projects with 91,969 units, totaling $5.6 billion.
Although owner financing is sometimes available, it is important that you be clear about your financing options prior to searching for a property. Owners are more willing to consider self financing if you have a substantial cash down payment. Cash availability is also important if you are interested in foreclosures and bank owned properties or great deals and auction properties. You should meet with potential funding sources prior to exploring the availability of properties