Homes for sale - 5 Simmons ST, Saugerties, NY 12477

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Listed by: Berardi Realty

$ 6,000,000

Est. payment | -/mo

36 Beds

25,788 SqFt

Save

$ 6,000,000

Est. payment | -/mo

Save

36 Beds

25,788 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 25,788 sqft

Price per Sqft $232

MLS Listing ID 20250186

Bedrooms 36

Originating Board Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)

Year Built 1970

Annual Tax Amount $40,455

Tax Year 40455

Lot Size 3.940 Acres

Acres 3.94

Property Sub-Type Multi Family

Property Description

40 turn-key and well-managed apartments located in the Village of Saugerties. 5 Simmons St is a 28-unit apartment complex consisting of Twenty 1-bedroom units, Eight 2-bedroom units, an office, and a Laundry. This property has all separate utilities (Electric heat and electric hot water). The parcel consists of mostly flat land and a sprawling 3-acre lot with seasonal views of the Hudson River. Just about across the street is 142 Burt St, a 12-unit apartment complex boasting 11 large Studio units and a Small 2-bedroom unit, there is coin-operated laundry. On this property, the landlord supplies all utilities, (Electric Heat/AC, and hot water) and also has a full and paid-for Solar system keeping the overall utilities very low. The property is flat, mostly fenced, and is located on over half an acre. Both properties are within walking distance of the center of the Village and major shopping. Both properties are also conveniently located 8 minutes from the NYS Thruway, 9 minutes away from the Ulster Landing County Park (Hudson River waterfront), and have been noted by many magazines and publications as the #1 small town in the country for numerous years in a row. Saugerties is located about 100 miles north of NYS and is known for Majore Horse showed in the summer (Hits on the Hudson). Both properties are not only excellently maintained and managed, but there is tremendous upside in raising the rent roll under the apartment's current condition. There is tremendous potential for adding storage units in the one large basement at the 5 Simmons property along with possible garages for the tenants. Burt St has great yard space and could be further enhanced with patios on each of the first-floor units. Both properties have municipal water and sewer.

The owner requires proof of funds for Cash buyers before scheduling a showing, the owner also will not accept a Mortgage contingency to purchase although will comply with most bank requirements, access, and documents for the buyer to obtain a mortgage. If a buyer is not paying Cash, a commercial mortgage acknowledgment must be provided before showing (with the full buyer's understanding) that the seller will allow a buyer to obtain a mortgage but will not allow that to be a contingency of the purchase. The first showing will consist of seeing two units at each property, common areas, mechanical rooms, laundry rooms, and basements.

Listing Agent has interest in the properties.

Location

State NY

County Ulster

Area Saugerties-Town

Zoning R-1/R-3

Rooms

Basement Full, Other

Interior

Heating Electric, Hot Water, Natural Gas

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Tile

Equipment Other

Laundry Common Area, In Basement

Exterior

View River

Roof Type Asphalt,Shingle

Porch Awning(s), Front Porch

Building

Lot Description Back Yard, Front Yard, Landscaped, Level

Story 2

Foundation Block

Sewer Public Sewer

Water Public

Schools

High Schools Saugerties Central Schools

School District Saugerties Central Schools

Others

Tax ID 18.78

+1(518) 205-9555

jason@dugorealty.com

110 Partition Street, Saugerties, NY, 12477, United States

5 Simmons ST Saugerties, NY 12477