Saugerties-vlg NY - ID: 20181545
On the Market
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  • Price: $1,250,000
  • Garage: None
  • Acreage: 3.30
  • Year Built: 1970
  • School District: SAUGERTIESCENTR
  • CONTACT
    Grist Mill Real Estate
    (800) 664-5503
    gristmill@gristmillrealestate.com
Property Type: Multi-Unit

Description: Very rare to find a 28-unit investment property on over three beautiful acres with seasonal views of the Hudson River. This is as solid an investment opportunity as you will find in the Hudson Valley. The cap rate is a very attractive 9.2% and some of the rents -- 20 one-bedrooms and 8 two-bedrooms, each with its own balcony -- may be under market value, with plenty of upside potential. It is also rare to have as meticulous a maintenance history as these units have had. Property manager/super already in place.
Well maintained systems. Some water in basements. Tenants pay electric for hot water, heat and cooking


FEATURES:
NUMBER OF UNITS: 28
ZONE: 02
LOT DIMENSIONS: 3.3 Acres
CONDITION: Very Good
APPLIANCES: Dishwasher, Range, Refrigerator
WATER: Municipal

Listing courtesy of: Lawrence O'Toole Realty, Lawrence O'Toole Realty / Listing Agents: Robert Stang, Lawrence O'Toole
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