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$ 1,100,000

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181 Glenerie BLVD Lake Katrine, NY 12477

0.55 Acres Lot

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 924846

Rental Info No

Year Built 1970

Annual Tax Amount $9,966

Lot Size 0.546 Acres

Acres 0.5456

Property Sub-Type Multi Family

Source onekey2

Property 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.

Location

State NY

County Ulster County

Interior

Heating Baseboard, Electric, Propane, See Remarks

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Common

Utilities Available Cable Connected, Electricity Connected, Phone Available, Propane, Sewer Connected, Trash Collection Public, Water Connected

Building

Story 1

Foundation Other

Sewer Septic Tank

Water Public

Structure Type Clapboard,Other,Vinyl Siding

Schools

Elementary Schools Cahill

Middle Schools Saugerties Junior High School

High Schools Saugerties

School District Saugerties

Others

Special Listing Condition None

Listed by Berardi Realty • Gregory C. Berardi

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181 Glenerie BLVD Lake Katrine, NY 12477

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181 Glenerie BLVD