775 Red Kill Road
About This Property
A 1940 two-story on 0.65 acres in the heart of the Catskills, priced at $69,000 because it needs everything. If you have been waiting for a project with real room to build equity, this is it.
Three bedrooms sit on the second floor along with a full bath. A half bath is on the main level. The main living space includes a traditional living room, a separate family room, and an eat-in kitchen area. The full basement has exterior bulkhead doors and houses the oil tank.
Construction is wood frame on a stone foundation with a shingle roof and wood flooring in parts of the home. The 165 x 107 rectangular lot includes natural water features, a porch, and a dirt driveway.
Location is the part you cannot renovate. Roxbury puts you minutes from Belleayre Mountain and Plattekill ski areas, with hiking, fishing, and Catskills recreation all around. Margaretville is close by for groceries, restaurants, and everyday services.
A few notes so there are no surprises. Heating, cooling, water source, and sewer type are listed as Other, See Remarks. Bring your contractor and verify systems before writing an offer. Cash or rehab financing required. Property is sold as-is.
The bones have stood for 85 years. What happens next is up to you.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 20, 2026 | In contract | - | |
| In contract | |||
| Sep 10, 2026 | Listed by Charlotteville Realty, LLC | $69,000 | |
| Listed by Charlotteville Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017