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451 Washington Avenue Ext.

Saugerties, NY 12477
  • $1,200,000
  • STATUS: ACTIVE
  • ON SITE: 134 Days
  • MLS #: 20221402
$1,200,000
  • 0
    BEDS
  • 2.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,161
    SQFT
  • $118
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:

School Ratings & Info

School District:

Description

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.

Extras: Property is just in the process of being rented so a buyer could decide what they would like to do, managers 1-bedroom apartment is rented along with two other rooms, other prospective tenants are currently under review. Listing agent has ownership inter

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© 2022 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than The Petrocca Properties Team at Keller Williams Capital District are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated:2022-09-30T00:18:28.347
www.petroccaproperties.com/homes/128852511
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451 Washington Avenue Ext. Saugerties, NY 12477

  • Price: $1,200,000
  • Status: ACTIVE
  • On Site: 134 Days
  • MLS #: 20221402
0
Beds
0
Baths
0
½ Baths
2.2
Acres
10,161
SQFT
$118
$/SQFT
1960
Built
Neighborhood:
Saugerties-Village
County:
Ulster
Area:
Saugerties-Village
School District:
Saugertiescentr
Property Description
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.

Extras: Property is just in the process of being rented so a buyer could decide what they would like to do, managers 1-bedroom apartment is rented along with two other rooms, other prospective tenants are currently under review. Listing agent has ownership inter
Exterior Features

Construction Frame/StickMasonry Garage Parking Extras LotLot-PavedLot-StripedOff StreetParking Spaces 20+ Lot Features Additional Land AvailableLandscapedLevelParking Lot Road Frontage Country Road

Interior Features

Basement CrawlFullOther/See Remarks Ceiling Height 10-12 Commercial Features Fireplace(S)Handicap FacilityKitchen FacilitesLaundry RoomPrivate RestroomsSecurity Light(S)Security SystemSigns OwnedSmoke DetectorsStorage Area Cooling Air Conditioning Central Electricity 200 AMPSTHREE PHASE Floors CarpetCeramicVinyl Heat Source CentralForced Air Heating Fuel Propane Hot Water ElectricGas Other Rooms OfficeOther/See RemarksUtility Room

Property Features

Annual Income 259200 Annual Net 167126 Annual Taxes 17433 Current Business Type Apartment IncludedHotel/Motel Current Business Type Cnt MotelRetirement Home Flood Plain Yes Foreclosure YN No General Tax 6839 Lease Type Manager OccupiedMonth To MonthRent With Option Listing Type Exclusive Right Lot Site Hamlet/Village Monthly Income 21600 Owner Pays All Utilities Sales Include BldgBus NameEquipmentFixtureLease W/Opt Sewer Municipal Short Sale YN No Tennant Pays Other Terms Call Lr Type Hotel/Motel Water Municipal

© 2022 by Hudson Valley Catskill Region MLS.
Listing # 20221402 provided courtesy of Gregory Berardi of Berardi Realty: 845-201-1111.
© 2022 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than The Petrocca Properties Team at Keller Williams Capital District are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated:2022-09-30T00:18:28.347
 
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The Petrocca Properties Team at Keller Williams Capital District
1 Hudson City Centre, Suite 202
Hudson NY, 12534