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Archived over 5 years ago

$420,000

5+ bd 4+ ba 5000 sqft

77 Rymph Road, Staatsburg, NY 12580

Residential SFR Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Fix and Flip Deal - Over 300k in profit - Staatsburg NY

This is a beautiful 31-acre estate with so much potential for the right investor, OVER 300k IN PROFIT TO BE MADE ON A FIX&FLIP after realtor fees, holding costs and closing costs. SERIOUS CASH BUYERS ONLY. Independent appraisal was done and came in at 750k in its current state and I am only asking 420k. All original architectural plans are secured. A budget of 250-300k is needed for repairs to bring the property up to the 1.2M ARV mark and ready to be listed with a prominent broker. A developer with deeper pockets may opt to develop the property further and rake in an even higher after repair sales price. I also have private lenders that I can put you in touch with.

Property Has:
1. Main House - split levels - geothermal heating system,
2. Pool House – HUGE Entertainment Hall, beautiful high wooden cielings
3. Gunite Pool with blue stone
4. 4000 sq ft concrete garage structure with radiant heating - original owner collected firetrucks
5. Tennis/Basketball courts
6. Helicopter pad

Virtual Property Tour:
https://www.youtube.com/watch?v=aBh7umOo-lY&t=2s

Some more pictures from the Fall:
https://www.icloud.com/sharedalbum/#B0vGnbeumsdQes

Please note that this is a major project property and suitable for people with vision and desire for privacy. Be sure to look at the link above for more photos.

Call or text 914 223 8851 with any questions you may have.

You can also email me at [email protected]
and if this particular house does not fit your criteria, you can always fill out the investor form on hudsonhousingpartners.com and I will contact you as soon as I have something that fits the criteria for what you are looking.

Location:

77 Rymph Road, Staatsburg, NY 12580

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.