Acres2.3
Year1989
Glenn Fitzgerald
(845) 443-7776
Status:
Active
Property Type:Multi-Unit
MLS #:20232628
On Site:8 Days
Lot Size:2.3 Acres
County:Ulster County
Apartment complex is located in the hamlet of Glasco, and along the banks of the Hudson River (about 100 miles +/- 1 hr, 45 min from NYC). This 16 residential unit (2-storey townhouse style) complex has 2 additional commercial rentals (Large & Smaller Garage) for a total of 18-units. The property consists of 6 buildings, most of the buildings were constructed around 1989 and the one 3-unit building (that has a 1 car garage for each unit), was constructed around 2017. Each unit is in Very good condition with excellent paying tenants. All roofs, exteriors and interiors are well kept and are in newer/renovated condition. The property has municipal water, sewer and natural gas. Most rents are well below market value, and month to month rental agreements. Please see associated doc's for additional information, current rents and pro-forma rents at fair market rate. All residential units have thier owner water meter so there is a potential to have the tenants pay for thier own water ussage and eliminate that expense.
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Community Information
Address:87 Overlook Estates, Saugerties, NY 12477
Area:Saugerties-town
County:Ulster County
City:Saugerties
Township:Saugerties
Zip Code:12477
Architecture
Year Built:1989
Style:Apt. Complex
Construction: Frame/Mod, Frame/Stick
Siding: Vinyl
Roof: Asph Shingle
Basement: Bilco Door, Concrete Floor, Crawl, Full
Garage: Garage Detached
Garage/Parking: 3 Car +, Driveway, Lot-Paved, Off Street
Garage Capacity: Four +
Features / Amenities
Interior Features: Carbon Monixide Detector, Insulated Doors, Smoke Detector, Walk In Closets
Appliances: Dishwasher, Range, Refrigerator
Kitchen: Breakfast Bar, Cabinets Wood, Country, Eat-In, Island, Pantry
Floors: Carpet, Ceramic, Hardwood
Attic: St/Cr
Exterior Features: Landscaped, Outside Lighting
Amenities: Garden Area, Play Area
Porch: Deck, Open
Buildings: Additional Garage
Cooling: Ceiling Fan, Ductless Split Ac Units
Heat Source: Baseboard, Central, Ductless Mini Split Sys, Hot Water
Heating Fuel: Electric, Natural Gas
Hot Water: Electric
Property Features
Lot Size:
2.3 Acres
Lot Dimensions:2.3 acres
Lot Features: Landscaped, Level, Parking Lot, Slope-Gently
Lot/Site: Hamlet/Village, Suburb
Water Ways: Hudson River
Views: Seasonal, Panoramic, River
Water Features: Walk To Dock, Walk To Beach
Water: Community, Municipal
Sewer: Community, Municipal
Electricity: 100 Amps, 200 Amps
Plumbing: Mixed
Driveway: Blacktop
Zoning:HDR
Directions:From NYS Thruway exit 20 Saugerties to right on Rte 32 to left on Main to second right on Partition to left on Hill St, left on Barclay, right on Burt, left on Rte 32, left on Glasco Trpke to right on Overlook. #87 will be on the left.
Tax and Financial Info
Annual Taxes: $32,836
General Tax: $12,987
School Tax: $19,849
Lease Type: Month To Month
Owner Pays: Taxes
Tenant Pays: All Utilities
Monthly Income: $27,425
Annual Income: $329,100
Net Income: $246,952
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87 Overlook Estates Saugerties, NY 12477
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Apartment complex is located in the hamlet of Glasco, and along the banks of the Hudson River (about 100 miles +/- 1 hr, 45 min from NYC). This 16 residential unit (2-storey townhouse style) complex has 2 additional commercial rentals (Large & Smaller Garage) for a total of 18-units. The property consists of 6 buildings, most of the buildings were constructed around 1989 and the one 3-unit building (that has a 1 car garage for each unit), was constructed around 2017. Each unit is in Very good condition with excellent paying tenants. All roofs, exteriors and interiors are well kept and are in newer/renovated condition. The property has municipal water, sewer and natural gas. Most rents are well below market value, and month to month rental agreements. Please see associated doc's for additional information, current rents and pro-forma rents at fair market rate. All residential units have thier owner water meter so there is a potential to have the tenants pay for thier own water ussage and eliminate that expense.
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Listing Information Last Updated 9/26/2023
Listing provided courtesy of Berardi Realty.
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The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.
