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Multi Family 5+ in Ulster County
MLS Number924846
Address181 Glenerie Boulevard, Lake Katrine, NY 12477 show map
Price$1,100,000 show mortgage calculator
Acres0.54556932966024
Year Built1970
Est. Sq. Footage0
Elementary SchoolCahill
Jr High-Middle SchoolSaugerties Junior High School
High SchoolSaugerties Senior High School
Estimated Taxes$9,966
Total Apt Units7
Remarks

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.

Amenities

This listing is Courtesy of Berardi Realty ().

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