1950-1958 Ulster Ave

Lake Katrine, NY 12449 View Map $445,000 Schedule a Tour
Baths25
Sq.Ft. Lot39,640
Year1934
Glenn Fitzgerald

Glenn Fitzgerald

(845) 443-7776

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Status: Active
Property Type:Triplex
MLS #:20240636
On Site:131 Days
Lot Size:39,640 Sq. Ft.
County:Ulster
Mixed use property conveniently located on Route 9W in Lake Katrine across from Angelas Pizza. This unique property consists of three rental units, one single family home and one store front with a two bedroom apartment upstairs. The single family home was built in 1934 and the store and apartment were built in 1970. This location would be a great opportunity for investors. The current rents are way below market value. The 2 bedroom above the store currently rents for $800 per month could rent for $1,500 per month. The single family home currently rents for $1,050. and could easily rent for $1800-$2.000 per month. The former Deli/Tattoo parlor was renting for $1,000 per month. The commercial space on the first floor offers 950 Square feet with central air and newly upgraded 200 amp electric.

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$000 Monthly Payment
Loan and interest only.

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Price Change History

Date Old Price New Price Percent Change
6/20/2024$495,000$445,000-10.1%

Community Information

Address:1950-1958 Ulster Ave, Lake Katrine, NY 12449
County:Ulster
Zip Code:12449
Neighborhood:Ulster-Town Of

School Information

Schools:Kingston Consolidated
Elementary School:Crosby K-4

Architecture

Bathrooms: 25
Year Built:1934
Stories:2
Construction Materials: Frame
Unit 1: 3 Beds•1 Bath•924.0 sq.ft.
Unit 2: 2 Beds•1 Bath•950.0 sq.ft.
Unit 3: 950.0 sq.ft.
Roof: Asphalt, Shingle

Features / Amenities

Flooring: Hardwood, Linoleum
Attic Features: Permanent Stairs
Other Structures: Second Residence
Cooling: Central Air
Heating: Baseboard, Electric, Oil

Property Features

Lot Size: 0.91 Acres / 39,640 Sq. Ft.
Lot Dimensions:220x190
Electric: 200+ Amp Service
Sewer: Public Sewer
Water: Public
Road Surface: Asphalt

Tax and Financial Info

Buyer Agency Compensation Type: %
Tax Annual Amount: $6,518
Owner Pays: Sewer, Taxes, Water
Tenant Pays: All Utilities, Electricity, Oil
Listing Terms: Lease Option
Insurance Expense: $1,353
Net Income: $25,029
Buyer Agency Compensation: 2.50
School Tax: $2,664
Legal Description: 1, 25, 1950-1958 Ulster Ave

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1950-1958 Ulster Ave Lake Katrine,  NY 12449
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1950-1958 Ulster Ave Lake Katrine, NY 12449
 
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Mixed use property conveniently located on Route 9W in Lake Katrine across from Angelas Pizza. This unique property consists of three rental units, one single family home and one store front with a two bedroom apartment upstairs. The single family home was built in 1934 and the store and apartment were built in 1970. This location would be a great opportunity for investors. The current rents are way below market value. The 2 bedroom above the store currently rents for $800 per month could rent for $1,500 per month. The single family home currently rents for $1,050. and could easily rent for $1800-$2.000 per month. The former Deli/Tattoo parlor was renting for $1,000 per month. The commercial space on the first floor offers 950 Square feet with central air and newly upgraded 200 amp electric.



Listing Information Last Updated 7/25/2024
Listing provided courtesy of Kitchen Realty Group.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than United Real Estate Hudson Valley Edge are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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