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Listed by John Winters, Charles Winters Real Estate
Two 3 Bedroom Apartments located in the Village of Saugerties - 2 100 Amp Electric Services - 2 Hot Water Heaters - Both Apartments are identical - Living Room, Dining Room, and Eat in Kitchen Downstairs and there is a washer hook up in both sides - 3 Bedrooms, in one of the bedrooms in each apartment, there is another large space attached, either a big walk in closet or the tenant in apartment # 1 uses it as a 4th bedroom and the Full Bath Upstairs - Walking to Everything in the Village of Saugerties - Saugerties Beach - Tina Chorvas Park - Cantine Memorial Field for All of Your Sporting Needs - Kiwanis Ice Arena - Saugerties Stallions - Tennis Courts - Play Grounds - Soccer Fields - Shopping - Dining - Night Life - Saugerties High School - Cahill Elementary - 4th of July Parade - Sawyer Motors Car Show - Garlic Festival - Mum Bowl Festival and Numerous other Activities - Apartment # 1 is currently paying $950.00 monthly and has a one year lease starting June 1st, 2020 - They have Nature Gas Heat for the Downstairs and Electric Heat in the Upstairs Bedrooms and Bathroom - Apartment # 2 is currently paying $800.00 monthly - currently on a month to month lease however has been at the location for 15 years - This apartment has Nature Gas Heat with Radiators throughout the apartment - There is a Washer Hook up in Both Apartments - There is an entrance to the Basement from within both Apartments however you MUST use the Outside Entrance to get into the Basement - The Owner only pays the Water/Sewer, Taxes and Insurance - The Tenants pays everything else. Apartment # 1 pays $950.00 Monthly - Apartment # 2 pays $800.00 Monthly = $21,000.00 Yearly - Expenses - $1,413.63 General Taxes, $3,208.51 School Taxes, $947.42 Village Taxes, $1,643.00 Insurance and Approximately $500.00 yearly for water/sewer (this is billed quarterly and normally runs around $110.00 Quarterly) = $7,712.56 / Yearly Net Profit $13,287.44.

More Info

Basic Information

  • Acreage0.27
  • List Price$239,000
  • MLS Number20204669
  • MlsStatusPENDING CONTINUE TO SHOW
  • Property Type2 Family
  • SewerMUNICIPAL
  • StyleTWO STORY
  • TermsCASH PREFERRED, TO QUAL. BUYER
  • Unit 2 SqFt1360
  • Units2
  • Year Built1890

Amenities

  • UsmAmenitiesBasement, Tennis

Water Body

  • Lfd WaterMUNICIPAL

Other

  • AppliancesRANGE, REFRIGERATOR
  • Electricity100 AMPS
  • Lot19
  • Lot Dimensions0.27
  • PlumbingMIXED
  • View Count1

Location

  • Address38 Montgomery Street Street
  • Area TownSaugerties-vlg
  • Building Number38
  • Elementary SchoolCAHILL K-6
  • High School DistrictSAUGERTIESCENTR
  • StateNY
  • StreetMontgomery Street
  • TownSaugerties
  • ZoneMulti Family

Utilities

  • Heat SourceBASEBOARD, RADIATORS
  • Heating FuelELECTRIC, NATURAL GAS
  • Hot WaterGAS

Building

  • BasementCRAWL
  • Garage Capacity
  • Garage Parking ExtrasDRIVEWAY
  • Garage TypeNone
  • RoofASPH SHINGLE
  • SidingVINYL
  • Unit 1 Rent950
  • Unit 1 SqFt1,360

Interior

  • Fireplace DescriptionNONE
  • FloorsCARPET, HARDWOOD, LINOLEUM
  • Unit 1 Baths1
  • Unit 1 Bedrooms3
  • Unit 2 Baths1
  • Unit 2 Bedrooms3

Saugerties, NY Demographics

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Saugerties, NY Real Estate Market Data

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Saugerties, NY Schools

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