Saugerties-vlg NY - ID: 20172020
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  • Price: $1,450,000
  • Sq. Feet: 0
  • Garage: None
  • Acreage: 0.08
  • School District: SAUGERTIESCENTR
  • CONTACT
    Grist Mill Real Estate
    (800) 664-5503
    gristmill@gristmillrealestate.com
Property Type: Multi-Unit

Description: UNIQUE COMPLEX WITH 18 UNITS CENTRALLY LOCATED IN THE HEART OF SAUGERTIES VILLAGE. FIVE SEPARATE BUILDINGS WITH DIFFERENT AGES AND STYLES, ALL ON ONE DEED. LOT SIZE IS 0.8 ACRES AND THERE IS OVER 20 PARKING SPACES. ALSO GARDEN AREAS. PROPERTY HAS BOTH COMMERCIAL AND RESIDENTIAL USES. EXCELLENT LONG TERM TENANT BASE. CAP RATE IS 7.2% WITH A 5% VACANCY RATE. LANDLORD HAS HAD ALMOST NO VACANCY. UNITS RENT QUICKLY THROUGH EXISTING TENANTS. AAA LOCATION AND PERFECT TIME TO INVEST IN FRIENDLY SAUGERTIES. CLOSE PROXIMITY TO NYS THRUWAY. PROPERTY DETAILS AND RENT ROLLS ARE IN ASSOCIATED DOCS WITH ACTUAL AND PRO-FORMA NUMBERS. THERE ARE 3 NEWER TOWNHOUSES, 5 NEWER 1 LEVEL APARTMENTS, 3 VINTAGE ATTACHED BUILDINGS WITH APARTMENTS AND COMMERCIAL STORE FRONTS. ALSO INCLUDED IS A LAUNDRY AREA WITH 2 COIN OPERATED WASHER AND DRYERS. THERE IS AN ADDITIONAL LOT ON THE CORNER OF PARTITION AND MONTGOMERY FOR SALE. ASK LIST AGENT FOR DETAILS.

FEATURES:
NUMBER OF UNITS: 18
ZONE: Com1
LOT DIMENSIONS: .08
SCHOOL TAX: $149,910
PROPERTY TAX: $105,360
VILLAGE TAX: $0
CONDITION: Very Good
APPLIANCES: Range, Refrigerator
ELECTRICITY: Circuit Breakers, Mixed
LOT FEATURES: Level
LOT/SITE: Hamlet/Village
WATER: Municipal
SURVEY: Yes

Listing courtesy of: Murphy Realty Group, Murphy Realty Group / Listing Agents: Carol Spirig, John Murphy
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