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Listed by Gregory Berardi, Win Morrison Realty

Solid 10 unit rental property located in a quite country setting yet very close to the Rhinecliff Bridge, Village of Saugerties and the County's major shopping district. Property consist of two apartment buildings, one houses 5 apartments, the other houses 4 apartments. All units are in very good condition, new roofs were installed on both apartment houses in the last year, many windows have also been replaced in recent years along with renovation of some of the apartments. Property grosses $99,300 a year in income and Nets approximately $65,083 including all expenses, vacancy and repairs/maintenance. Cap rate at asking price is 9.64% as per attached income and expense sheet. Well cared for property has been owned by the same family for many years. Turn key operation with long term tenants... See associated docs for Income & Expenses and county records/tax maps. Single family across the street can also be purchases.

More Info

Basic Information

  • Acreage7.2
  • List Price$675,000
  • MLS Number20191975
  • Property TypeMulti-Unit
  • SewerSEPTIC-INGR.
  • StyleMOBILE HOME, TWO STORY
  • Units10
  • Year Built1960

Interior

  • AmenitiesGARDEN AREA, PLAY AREA
  • FloorsCARPET, CERAMIC, HARDWOOD

Location

  • Address103 & 105 Flatbush Camp Road
  • Area TownSaugerties-town
  • Building Number103 & 105
  • Elementary SchoolRICCARDI K-6
  • High School DistrictSAUGERTIESCENTR
  • StateNY
  • StreetFlatbush Camp Road
  • TownSaugerties
  • Zip12477
  • ZoneIrregular

Water Body

  • Lfd WaterDRILLED WELL

Other

  • AppliancesRANGE, REFRIGERATOR
  • Electricity100 AMPS, 150 AMPS, 200 AMPS
  • Lot11.122
  • Lot Dimensions7.2 Acres
  • Lot Features
    • ADDITIONAL LAND AVAILABLE
    • LANDSCAPED
    • OTHER/SEE REMARKS
    • PARKING LOT
    • POND
    • SLOPE-GENTLY
  • Lot SiteRURAL
  • PlumbingMIXED
  • Short SaleNo
  • StatusSHOW
  • View Count50

Building

  • BasementCRAWL, PARTIAL
  • ConstructionFRAME/MOD, FRAME/STICK, OTHER/SEE REMARKS
  • Garage Capacity
  • Garage Parking ExtrasDRIVEWAY, OFF STREET
  • Garage TypeNone
  • Other BuildingsADDITIONAL LIVING UNIT
  • RoofASPH SHINGLE, MEMBRANE
  • SidingALUMINUM, VINYL, WOOD

Utilities

  • Heat SourceBASEBOARD, FORCED AIR, HOT WATER
  • Heating FuelELECTRIC, OIL
  • Hot WaterELECTRIC, OIL

Saugerties, NY Demographics

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Saugerties, NY Real Estate Market Data

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Saugerties, NY Schools

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