Excellent investment opportunity in the heart of Saugerties !


Property

Website:https://www.nestseekers.com/5041672
Address:
Ulster, NY 12477
Ownership: For Sale
Type: Multi-Family
Lot Size: 0.6 Acres

Financials

Price:$895,000
Annual Taxes:$9,966

Description

Excellent investment opportunity in the heart of Saugerties! 181 Glenerie Blvd features a well-maintained 7-unit apartment building offering a desirable mix of one-, two-, and three-bedroom apartments. Each unit provides comfortable layouts and strong rental demand in a convenient location between Kingston and Saugerties. There is a two-family home at the front of the property, where each tenant pays their own utilities (a newer wall-mounted boiler) and separate electricity. Then there is a cottage behind the building, and then a 4-unit strip of apartments, the cottage and strip, the owner supplies the heat and hot water (from a new wall-mounted propane boiler), tenants pay their own electricity. Tenants appreciate the convenience of off-street parking and easy access to major routes, shopping, dining, and local employers. With stable income and room for future value growth, this property is ideal for investors seeking steady returns in the thriving Hudson Valley rental market.

Amenities

  • Cable Connected
  • Electricity Connected
  • Phone Available
  • Propane
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of Berardi Realty