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Listed by Gregory Berardi, Berardi Realty
Sprawling 27 unit building with a 1-bedroom managers apartment (28 total units). Building is currently being rented as High End SRO (single room occupancy) with each room having its own private bath. The 10,000+ square foot building is split into 4 suites, each suite has its own full kitchen, dining area, living room and then 6-7 bedrooms, each with its own full bath. This property can lend itself to a Hotel (as it was previously used), Inn, Senior Residence or SRO rentals etc. Building has just been updated with all new HVAC (heat and ac), high efficiency propane units along with many other updates. Units are now being rented between $700-$1,000 a month depending on the room size and bathroom layout. Please see attached info in associated doc's for County Records, CO & Floor Plans. Cap rate at projected (conservative) rents and expenses is 13.92% at asking price. Master Lease, Rent With Option To Buy or Straight sale considered. Property is located about 1/2 mile from Saugerties Village center and surrounded by/close to, Horse Show properties, Cantine Sports Complex, indoor Ice Arena, Mini-golf, Go-carts and Skate Park. Excellent location for Airbnb, hotel or straight rentals. Building is fully furnished along with a full laundry facility with 5+ coin operated washers and dryers. List agent is part owner.

More Info

Basic Information

  • Acreage2.2
  • List Price$1,200,000
  • MLS Number20221400
  • MlsStatusFully Executed Contract
  • Property TypeMulti-Unit
  • SewerMUNICIPAL
  • StyleRANCH
  • TermsCALL LR
  • Units28
  • Year Built1960

Utilities

  • Cooling Air ConditioningCENTRAL
  • Heat SourceCENTRAL, FORCED AIR
  • Heating FuelPROPANE
  • Hot WaterELECTRIC, GAS

Location

  • Address451 Washington Avenue Extension
  • Area TownSaugerties-vlg
  • Building Number451
  • High School DistrictSAUGERTIESCENTR
  • StateNY
  • StreetWashington Avenue Ext.
  • TownSaugerties
  • Zip12477
  • ZoneCOM1

Interior

  • AmenitiesCOMMON LAUNDRY, GARDEN AREA, PLAY AREA
  • Fireplace DescriptionFREE STANDING, STONE
  • Fireplace LocationLIVING ROOM
  • FloorsCARPET, CERAMIC, VINYL
  • Other RoomsOFFICE, UTILITY ROOM, OTHER/SEE REMARKS

Building

  • AtticPU DW, STORAGE
  • BasementCRAWL, FULL, OTHER/SEE REMARKS, CONCRETE FLOOR, BILCO DOOR
  • ConstructionFRAME/STICK, MASONRY
  • Garage Capacity
  • Garage Parking ExtrasLOT, LOT-PAVED, LOT-STRIPED, OFF STREET
  • Garage TypeNone
  • Other BuildingsOTHER/SEE REMARKS
  • RoofASPH SHINGLE
  • SidingBRICK

Amenities

  • Other AmenitiesBasement, Fireplace, Garden, Golf, Horse Property

Water Body

  • Lfd WaterMUNICIPAL

Other

  • AppliancesDRYER, MICROWAVE, RANGE, REFRIGERATOR, WASHER
  • Electricity200 AMPS, THREE PHASE
  • Lot57.2
  • Lot Dimensions2.2 ACRES
  • Lot FeaturesADDITIONAL LAND AVAILABLE, LANDSCAPED, LEVEL, PARKING LOT
  • Lot SiteHAMLET/VILLAGE
  • PlumbingMIXED
  • Short SaleNo
  • ViewsSEASONAL
  • View Count52

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