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451 Washington Avenue Ext.

Saugerties, NY 12477
  • $1,200,000
  • STATUS: ACTIVE
  • ON SITE: 44 Days
  • MLS #: 20221400
UPDATED: 55 min ago
$1,200,000
  • 0
    BEDS
  • 2.2
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
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 14% 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 four other rooms, other prospective tenants are currently under review. Property is also offered for Lea

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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 Coldwell Banker Village Green Realty 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:2022-07-02T00:19:04.57
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451 Washington Avenue Ext. Saugerties, NY 12477

  • Price: $1,200,000
  • Status: ACTIVE
  • On Site: 44 Days
  • Updated: 55 min ago
  • MLS #: 20221400
0
Beds
7
Baths
0
½ Baths
2.2
Acres
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 14% 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 four other rooms, other prospective tenants are currently under review. Property is also offered for Lea
Exterior Features

Construction Frame/StickMasonry Driveway Blacktop Exterior Features LandscapedOutside Lighting Garage Parking Extras LotLot-PavedLot-StripedOff Street Garage Type None Lot Features Additional Land AvailableLandscapedLevelParking Lot Other Buildings Other/See Remarks Porch OpenPatio Roof Asph Shingle Siding Brick Views Seasonal

Interior Features

Amenities Common LaundryGarden AreaPlay Area Appliances DryerMicrowaveRangeRefrigeratorWasher Attic Pu DwStorage Basement Bilco DoorConcrete FloorCrawlFullOther/See Remarks Cooling Air Conditioning Central Fireplace Description Free StandingStone Fireplace Location Living Room Floors CarpetCeramicVinyl Heat Source CentralForced Air Heating Fuel Propane Hot Water ElectricGas Interior Features Smoke DetectorCarbon Monixide DetectorInsulated Doors9 Ft Ceilings Kitchen Description Breakfast BarEat-In Other Rooms OfficeUtility RoomOther/See Remarks Plumbing Mixed

Property Features

Annual Income 264000 Annual Net 168177 Annual Taxes 18874 Assessed 580000 Electricity 200 AMPSTHREE PHASE Flood Plain No Foreclosure YN No General Tax 8280 Lease Type Manager OccupiedMonth To Month Listing Type Exclusive Right Lot Dimensions 2.2 ACRES Lot Site Hamlet/Village Monthly Income 22000 Other Income 0 Owner Pays All Utilities Owner Pays1 All UtilitiesInsuranceMaintenanceRepairsSewerTaxesTrashWater School Tax 10594 Sewer Municipal Short Sale YN No Style Ranch Tenant Pays Rent Only Tenant Pays1 Rent Only Terms Call Lr Total Deposit 0 Total Taxes 18874 Type Multi-Unit Water Municipal

© 2022 by Hudson Valley Catskill Region MLS.
Listing # 20221400 provided courtesy of Gregory Berardi of Berardi Realty.
© 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 Coldwell Banker Village Green Realty 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:2022-07-02T00:19:04.57
 
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Coldwell Banker Village Green Realty
397 Main Street
Catskill NY, 12414