141 Ulster Ave - Storefront Retail/Residential FOR SALE


Saugerties, NY 12477
$1,800,000 USD
845-338-5252
141 Ulster Ave, Saugerties, NY for Sale
$1,800,000 USD
Storefront Retail/Residential - FOR SALE
1/49
null | Request Cap Rate

141 Ulster Ave
Saugerties, NY 12477


OVERVIEW

INCREDIBLE INVESTMENT OPPORTUNITY!!! Welcome to 141 Ulster avenue. This clockwork, 6-unit building is now available for the first time in 25 years. This property is the epitome of convenience. Within a one block area tenants have restaurants, grocery shopping, gas, and veterinary care. Only 3 minutes from both Main street in Saugerties AND the Saugerties thruway exit. This property has 3 commercial units on the first floor (Violet Sheers, Moorhus Computers, and Lamont Engineering) along with 3 residential units on the second floor. All units are currently occupied, however all tenants are on month to month rental agreements. Many tenants have lived/worked in the building for over 10 years. All units are separately metered for gas and electricity and paid by the tenants. Tenants also enjoy their own off-street parking in a private parking lot. The residential units are all HUGE 1-bed/1-bath apartments with plenty of natural light and real wood floors. No cheap laminate flooring to replace. Rents are currently well below market value. Apartments this size can rent between 1,800 and 2,000 per month. With barely any overhead, this building is your chance to establish yourself or expand into the wonderful Saugerties community. Convenience like this is rare beyond description so don't let this opportunity slip away.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$246 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1895

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

05 - COMME

APN/PARCEL ID

4801-018.053-0001-023.000-0000

ASK ABOUT THIS PROPERTY

John MurphyHoward Hanna | Rand RealtyMore Info
845-338-5252

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John MurphyHoward Hanna | Rand RealtyMore Info
845-338-5252

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.