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429 Route 212, Saugerties, NY 12477
26 Photos
 
Listed By  
Win Morrison Realty
 
$399,000
Active for Sale
 
Listing ID 10558382
Property Type Multi-Unit (5+)
County Ulster
Total Tax $9,224
Great investment opportunities await you! Multi residential Property. Consisting of a single-family, four bedroom two full bath one-story ranch and a two-story three unit apartment building. 2200 square-foot ranch has been completely remodeled it and very good condition, And currently rents for $1400 per month. Tenant pays all utilities. To the rear of the ranch is an oversize lot, that provides plenty of parking. The two-story apartment building to the rear of the property consists of one 4 bedroom apartment, one 2 bedroom apartment, and one 1 bedroom apartment plus a landlord utility room. Owner pays the heat and water for the 3 Unit. There is also two detached garages on the property that are currently rented out at $100 per month each. Rental income could be higher three units are currently below market rental rates. Owner has kept rents low, based upon long term tenancy. There is also a large strip of vacant land which is also part of this property, which could provide for additional use. This income producing property his perfectly situated on a 1.3 acre lot in a very high visible commercial zone, Which lends itself to many possibilities. Located directly across from the Winston farm, where the historic 1994 Woodstock concert was held. Conveniently located just a half mile from the village of Saugerties and just off the New York State Thruway. Explore your investment opportunity here. Fine restaurants, cafes, boutiques, and Vintage antique shops can be found throughout the village. Saugerties is also home to One of the largest equestrians shows in the country (HITS). This prime investment property is a must see!
Property Details
  • 1.39 Acres
  • Built in 1970
  • 4 Units
Unit Information
Unit #1Residential, Gross Area: 2200, Rent Price: 1400, Bedrooms: 4, Full Baths: 2
Unit #2Residential, Gross Area: 625, Rent Price: 750, Bedrooms: 2, Full Baths: 1
Unit #3Residential, Gross Area: 975, Rent Price: 1200, Bedrooms: 4, Full Baths: 1
Unit #4Residential, Gross Area: 400, Rent Price: 650, Bedrooms: 1, Full Baths: 1
Exterior Features
  • Has Garage
  • 2 Garage Spaces
Income/Expenses
  • Gross Income $50,400
  • Net Income $32,906
  • Insurance Exp $2,500
Taxes and Fees
  • $5,751 School Tax
  • $3,473 County Tax
  • $9,224 Total Tax
Listed By
Win Morrison Realty
Listing data is deemed reliable but is NOT guaranteed accurate.
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