ULSTER-Town of NY - ID: 20183458
On the Market
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  • Price: $429,000
  • Sq. Feet: 4,060
  • Acreage: 0.55
  • Year Built: 1970
  • School District: KINGSTONCONSOLD
  • CONTACT
    Grist Mill Real Estate
    (800) 664-5503
    gristmill@gristmillrealestate.com
Property Type: Other

Description: Easy access to Kingston and major highways. Glenerie Lake Park property consisting of three stand alone unique buildings – a duplex, cottage and quadriplex. All units feature one-level living. All currently occupied, some tenants long term residents. Recent updates include partial new roof, water system, and heating units as well as flooring, painting and kitchen upgrades in some units. Ample lawn space for activities and outdoor eating. Sufficient tenant off-street, on-site parking. Private in-house security system. Professional management company retained as of February 2019. Potential for buildings to be converted to single family residence, AirBnB rentals, or short term or seasonal rentals. Convenient to outdoor activities and sports, shopping, dining, special events in the Hudson Valley, including Saugerties and Rhinebeck.
Units 1-4/strip units: owner pays heat, hot water and electric. Unit 5/cottage: owner pays heat, tenant pays electric and gas. Units 6-7/dual family: owner pays hot water and tenant pays electric and heat/propane. Garbage included for all units. Rent currently ranges from $795 to $1, 240 per month, per unit. CAP RATE 10% including all expenses, 5% maintenance, and a 5% vacancy rate.


FEATURES:
NUMBER OF UNITS: 7
ZONE: 32
LOT DIMENSIONS: 101 X 235
CONDITION: Very Good
ELECTRICITY: 200 Amps
LOT FEATURES: Landscaped, Level, Private
LOT/SITE: Rural
ROAD FRONTAGE: Paved

Listing courtesy of: Weichert Realtors/The Spiesman Group, Weichert Realtors/The Spiesman Group / Listing Agents: Gretchen Juliano, Wendy Jarrold
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The data on this website relating to real estate comes from the (IDX) of the Multiple Listing Service of Ulster County. Real estate listings of brokerage firms other than Grist Mill Real Estate are marked with the IDX logo and the detailed information about them includes the listing broker's name. This 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. All information provided is deemed reliable but is not guaranteed and should be independently verified.
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