Property Description

The Philmont Collection | Income-Producing Seven-Building Portfolio | $2,995,000The Philmont Collection is an established, income-generating rental portfolio currently operating at a profit in the Village of Philmont. Offered at $2,995,000, its seven buildings comprise 27 rented or rentable apartments, providing investors with immediate rental income and scale within a compact Hudson Valley village setting.The October rent roll reports 21 leased apartments, with current scheduled rents totaling approximately $336,933 annually. The portfolio includes 62 Main Street, 20 Church Street, 5 Church Street, 3 Church Street, 3 Elm Street, 7 Canal Street and 5 Elm Street. Clustered within a few walkable blocks, the properties support convenient management and access to village amenities.Capital improvements include extensive work at 62 Main Street: updated apartments and bathrooms, facade restoration, insulation improvements and conversion from central oil heating to individual electric systems. Current operations use DoorLoop for leasing, rent collection, maintenance coordination and tenant communications.Beyond its established income, the collection offers additional revenue potential through six currently vacant apartments. Leasing these apartments at ownership's projected asking rents would add approximately $109,200 in annual rental revenue.Historic architecture and proximity to Hudson, Amtrak, the Taconic State Parkway and the Hudson Valley's dining, cultural destinations and outdoor recreation add to the portfolio's appeal. Rent rolls, financial statements, parcel information and supporting materials are available upon request.Scheduled and projected rents are not guaranteed collections. Unit counts and occupancy are ownership-reported, and occupancy is subject to change. Purchasers should independently verify unit counts, permitted configurations, rental status, square footage and financial performance.

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