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About the Listing KWRE01 - 346530
This 3 unit building is a rare gem of an asset, well built and tremendous cash flow capabilities. These 3 townhouse style units are superbly well built on ground leased land within the boundaries of SUNY Sullivan. Initially built as supplemental housing, it is now the ONLY on campus housing option. All other housing options on campus have been decommissioned. In addition to all of the physical benefits of this LEED certified building the biggest advantage is that it is operated by the College. Owner is only responsible for Capital Projects, of which there are not many. Lease up, management and collections are all handled by the college. Owner collects revenue from the College and pays Utility Bills and Insurance. Purchase is of the building only, the building is on a Ground Lease. Lease has 15 years remaining plus a 10 year option, with a cash buyout. Additionally lease creates exclusive option to develop additional housing within the campus. This is truly a "mailbox money" opportunity.
Listing Highlights for 19-23 Greenway Ln
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances: Gas Cooktop, Microwave, Oven, Tankless Water Heater
- Air Cond: Wall/Window Unit(s)
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others: Renovated
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
19-23 Greenway Ln Fallsburg, NY 12759
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