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45 Waterstone Road

Greenwood Lake, NY 10925
  • $640,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 915837
UPDATED: 49 min ago
$640,000
  • 3
    BEDS
  • 0.14
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1935
County:

School Information

School District:

Description

ATTENTION INVESTORS! Don't miss out on this incredible multi-family investment opportunity in beautiful Greenwood Lake, NY with four separate income streams including a fully renovated duplex, a large office space and 2-car garage/workshop. Duplex contains an updated 2 BR, 1 bath apt on the main floor with laundry and rear deck, plus a cozy 1 BR, 1 bath apt on the 2nd floor. The purchase also includes the adjacent 2-car garage/workshop with large office on the 2nd floor. Office offers flexible open floor plan for client meetings, 2 private office rms, a kitchenette, half bathroom and balcony. Ideally designed for owner-occupied contractor seeking proper office space immediately above garage/workshop or a mother/daughter scenario. This is a very special, low maintenance property with ample parking in front. Everything has been fully renovated from top to bottom and tastefully executed throughout. New HVAC, mini-splits, electric, plumbing, roofing, siding, windows, doors, deck, carpets/flooring, kitchens, bathrooms, appliances and more. It's turn-key, move-in ready. Nothing to update, nothing to repair leave your tools at home! There's absolutely nothing to do here but start making money!!!! The village welcomes both long- and short-term rentals and this investment property checks all boxes! The pictures do not do this property justice. The apartments are so meticulous that you could eat off the floors! This is prime real estate in a great location within the Village of Greenwood Lake where multi-family investment properties are extremely scarce. Close to everything you need - shops, restaurants, schools, parks, public transportation and best of all THE LAKE! Walk to Thomas Morahan Waterfront Park to experience the summer concerts or board your boat at a nearby marina. Nearby State Route 17A connects to all the major arteries in under 30 min. such as Route 17, Interstate 287, Interstate 87, Route 6 and Palisades Pkwy. Close to Harriman and Tuxedo train stations. Only 50 miles to NYC. It doesn't get any better than this. Greenwood Lake is a very special place that has had a massive influx of investors since the onset of Covid. Residents enjoy year-round activities including free summer concerts at the town beach, street fairs, thousands of miles of hiking trails, camping, fishing, power boating, paddle boarding, snow skiing/tubing at nearby Mt. Peter and/or Mt. Creek, lakeside dining, local wineries & apple picking, Renaissance Festival, Apple Festival, Octoberfest, Winter Carnival, & shopping at Woodbury Commons Premium Outlets and much more! Additional details available upon request. Schedule your private tour today!

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© 2025 OneKey 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 The Tessler Team. Data last updated: 2025-11-09T19:17:10.007.
www.thetesslerteam.com/homes/168166404
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45 Waterstone Road Greenwood Lake, NY 10925

  • Price: $640,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 49 min ago
  • MLS #: 915837
3
Beds
3
Baths
0
½ Baths
0.14
Acres
1935
Built
Neighborhood:
Warwick (Town)
County:
Orange
Area:
Warwick (Town)
Elementary School:
Greenwood Lake Elementary School
Middle School:
Greenwood Lake Middle School
High School:
Warwick Valley High School
School District:
Warwick Valley
Property Description
ATTENTION INVESTORS! Don't miss out on this incredible multi-family investment opportunity in beautiful Greenwood Lake, NY with four separate income streams including a fully renovated duplex, a large office space and 2-car garage/workshop. Duplex contains an updated 2 BR, 1 bath apt on the main floor with laundry and rear deck, plus a cozy 1 BR, 1 bath apt on the 2nd floor. The purchase also includes the adjacent 2-car garage/workshop with large office on the 2nd floor. Office offers flexible open floor plan for client meetings, 2 private office rms, a kitchenette, half bathroom and balcony. Ideally designed for owner-occupied contractor seeking proper office space immediately above garage/workshop or a mother/daughter scenario. This is a very special, low maintenance property with ample parking in front. Everything has been fully renovated from top to bottom and tastefully executed throughout. New HVAC, mini-splits, electric, plumbing, roofing, siding, windows, doors, deck, carpets/flooring, kitchens, bathrooms, appliances and more. It's turn-key, move-in ready. Nothing to update, nothing to repair leave your tools at home! There's absolutely nothing to do here but start making money!!!! The village welcomes both long- and short-term rentals and this investment property checks all boxes! The pictures do not do this property justice. The apartments are so meticulous that you could eat off the floors! This is prime real estate in a great location within the Village of Greenwood Lake where multi-family investment properties are extremely scarce. Close to everything you need - shops, restaurants, schools, parks, public transportation and best of all THE LAKE! Walk to Thomas Morahan Waterfront Park to experience the summer concerts or board your boat at a nearby marina. Nearby State Route 17A connects to all the major arteries in under 30 min. such as Route 17, Interstate 287, Interstate 87, Route 6 and Palisades Pkwy. Close to Harriman and Tuxedo train stations. Only 50 miles to NYC. It doesn't get any better than this. Greenwood Lake is a very special place that has had a massive influx of investors since the onset of Covid. Residents enjoy year-round activities including free summer concerts at the town beach, street fairs, thousands of miles of hiking trails, camping, fishing, power boating, paddle boarding, snow skiing/tubing at nearby Mt. Peter and/or Mt. Creek, lakeside dining, local wineries & apple picking, Renaissance Festival, Apple Festival, Octoberfest, Winter Carnival, & shopping at Woodbury Commons Premium Outlets and much more! Additional details available upon request. Schedule your private tour today!
Exterior Features

Architectural Style Other Carport Spaces 0 Carport YN No Construction Materials Fiberglass InsulationFrameVinyl Siding Cross Street Linden Ave Exterior Features Balcony Fencing None Foundation Details BlockConcrete Perimeter Garage YN Yes Lot Features Back YardLevelNear Public TransitNear SchoolNear Shops Parking Features DetachedDriveway Parking Total 6 Patio And Porch Features DeckPorch Pool Private YN No Property Attached YN No Road Responsibility Public Maintained Road View None Waterfront YN No Window Features Double Pane WindowsNew Windows

Interior Features

Attic Pull Stairs Basement YN No Cooling Central AirDuctlessZoned Fireplace YN No Fireplaces Total 0 Flooring CarpetCeramic TileVinyl Interior Features First Floor BedroomCeiling Fan(s)Eat-in KitchenQuartz/Quartzite CountersRecessed LightingWalk Through KitchenWasher/Dryer Hookup Laundry Features Electric Dryer HookupIn KitchenWasher Hookup Num Of1 Bed Rooms 1 Num Of2 Bed Rooms 1 Num Of3 Bed Rooms 0 Num Of4 Bed Rooms 0 Number Of Heat Units 3 Number Of Heating Zones 3 Security Features OtherSmoke Detector(s)

Property Features

Building Area Total 2229 Disclosures Lead PaintSeller Property Disclosure Down Payment Resource YN Yes Electric Company Orange & Rockland Fuel Expense 0 Gross Income 75600 Heating ElectricForced AirNatural Gas Insurance Expense 1800 Lot Size Dimensions 75x80 Maintenance Expense 0 Number Of Separate Electric Meters 3 Operating Expense 14025 Other Expense 4479 Other Structures Garage(s)Workshop Property Condition Actual Property Sub Type Duplex Road Frontage Type Municipal Senior Community YN No Sewer Septic Tank Spa YN No Special Listing Conditions None Tax Annual Amount 6977 Tax Section 309 Tax Source Other Tenant Pays All Utilities Total Vacancies 2 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedTrash Collection PublicWater Connected Village Greenwood Lake Water Access YN Yes Water Sewer Expense 750 Water Source Public

Listing courtesy of Vincent N. Mcateer of Terrie OConnor: 201-786-9055
© 2025 OneKey MLS. All rights reserved.


© 2025 OneKey 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 The Tessler Team. Data last updated: 2025-11-09T19:17:10.007.
 
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