181 Glenerie BLVD new Save Request In-Person Tour Request Virtual Tour
Lake Katrine,NY 12477
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 924846
Year Built 1970
Annual Tax Amount $9,966
Lot Size 0.546 Acres
Property Sub-Type Multi Family
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)
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