Description
The Diamond Building. An iconic mixed-use building in the heart of Hudson's thriving business district and Upstate's Downtown! Strategically located next to the Rivertown Lodge, this property consists of 3 lots, one of which is currently parking & shares its eastern border with the hotel. It can be built on or used for outdoor bar/dining, pool, etc. The layout of the Diamond Building consists of 11 apartments (3x2BR, 8x1BR) and 2 Warren Street commercial spaces. Current full tenancy and almost always a waiting list to get in; the owners of the building have renovated the apartments, refurbished the hallways, added new 2-level composite decks, and upgraded electrical and roof. This is currently the largest mixed-use and highest income-producing property being offered on Warren Street. It is a 6+% cap RoR & offers buyers options to further develop going forward; or just sit back and collect great income. Fantastic tenants make this an easy investment and a portfolio star!
-
14BEDS
-
0.18ACRES
-
11BATHS
-
21/2 BATHS
-
8,800SQFT
-
$227$/SQFT
Description
The Diamond Building. An iconic mixed-use building in the heart of Hudson's thriving business district and Upstate's Downtown! Strategically located next to the Rivertown Lodge, this property consists of 3 lots, one of which is currently parking & shares its eastern border with the hotel. It can be built on or used for outdoor bar/dining, pool, etc. The layout of the Diamond Building consists of 11 apartments (3x2BR, 8x1BR) and 2 Warren Street commercial spaces. Current full tenancy and almost always a waiting list to get in; the owners of the building have renovated the apartments, refurbished the hallways, added new 2-level composite decks, and upgraded electrical and roof. This is currently the largest mixed-use and highest income-producing property being offered on Warren Street. It is a 6+% cap RoR & offers buyers options to further develop going forward; or just sit back and collect great income. Fantastic tenants make this an easy investment and a portfolio star!
© 2021 Columbia Greene and Northern Dutchess MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Gabel Real Estate. Data last updated: 2021-04-12T18:46:26.943.