$224,888
$239,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
2 Baths
2,720 SqFt
SOLD DATE : 05/13/2021
Key Details
Sold Price $224,888
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,720 sqft
Price per Sqft $82
MLS Listing ID 20204683
Sold Date 05/13/21
Bedrooms 6
Full Baths 2
Originating Board Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Year Built 1890
Annual Tax Amount $4,624
Tax Year 4624
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 0.27
Property Description
Two 3 Bedroom Apartments located in the Village of Saugerties - 2 100 Amp Electric Services - 2 Hot Water Heaters - Both Apartments are identical - Living Room, Dining Room, and Eat in Kitchen Downstairs and there is a washer hook up in both sides - 3 Bedrooms, in one of the bedrooms in each apartment, there is another large space attached, either a big walk in closet or the tenant in apartment # 1 uses it as a 4th bedroom and the Full Bath Upstairs - Walking to Everything in the Village of Saugerties - Saugerties Beach - Tina Chorvas Park - Cantine Memorial Field for All of Your Sporting Needs - Kiwanis Ice Arena - Saugerties Stallions - Tennis Courts - Play Grounds - Soccer Fields - Shopping - Dining - Night Life - Saugerties High School - Cahill Elementary - 4th of July Parade - Sawyer Motors Car Show - Garlic Festival - Mum Bowl Festival and Numerous other Activities - Apartment # 1 is currently paying $950.00 monthly and has a one year lease starting June 1st, 2020 - They have Nature Gas Heat for the Downstairs and Electric Heat in the Upstairs Bedrooms and Bathroom - Apartment # 2 is currently paying $800.00 monthly - currently on a month to month lease however has been at the location for 15 years - This apartment has Nature Gas Heat with Radiators throughout the apartment - There is a Washer Hook up in Both Apartments - There is an entrance to the Basement from within both Apartments however you MUST use the Outside Entrance to get into the Basement - The Owner only pays the Water/Sewer, Taxes and Insurance - The Tenants pays everything else. Apartment # 1 pays $950.00 Monthly - Apartment # 2 pays $800.00 Monthly = $21,000.00 Yearly - Expenses - $1,413.63 Village Taxes, $3,208.51 School Taxes, $947.42 General Taxes, $1,643.00 Insurance and Approximately $500.00 yearly for water/sewer (this is billed quarterly and normally runs around $110.00 Quarterly) = $7,712.56 / Yearly Net Profit $13,287.44.
Location
State NY
County Ulster
Area Saugerties-Vlg
Rooms
Basement Crawl Space, Dirt Floor
Interior
Interior Features Eat-in Kitchen, High Speed Internet
Heating Electric, Natural Gas, Radiant
Cooling Ceiling Fan(s), None
Flooring Carpet, Hardwood, Linoleum
Fireplace No
Exterior
Fence Fenced, Partial
Roof Type Asphalt,Shingle
Garage No
Building
Lot Description Landscaped, Level
Story 2
Sewer Public Sewer
Water Public
Schools
Elementary Schools Cahill K-6
High Schools Saugerties Central Schools
School District Saugerties Central Schools
Others
Acceptable Financing Cash, Lease Option
Listing Terms Cash, Lease Option
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