0 - 10,000,000 0 - 10,000,000

Features
: Baseboard , Hot Water
: Asph Shingle
: Driveway , Lot-paved , Off Street
Other
Address Map
US
NY
Ulster County
Saugerties
12477
Delaware
280
0
W74° 3' 3.7''
N42° 2' 39.8''
Saugerties Central Schools
Additional Information
Berardi Realty
Yameil
4 Family
4244
$4,040
$2,580
From Glasco Turnpike turn left onto Delaware St, 280 is on a corner.
RANGE,REFRIGERATOR
CARPET,VINYL
Oil
MUNICIPAL
MUNICIPAL
$0
$0
Sold
0
Property Description

Exciting investment opportunity now available in the quaint hamlet of Glasco. (4) 1-bedroom units are nicely sized and in very good condition. Low maintenance, with an abundance of parking, fully occupied for immediate cash flow. Units are rented well below market value making an opportunity for potential of higher return on investment. Tenants properly maintain their space, pay for their own electric and garbage removal. Cap rate at asking price (including all expenses with vacancy and repair/maintenance expense) is just about 8%, cap rate at market rents is over 10%. Please see attached associated doc’s for full income and expense sheet.

Multi-family Exclusive Right

280 Delaware, Saugerties, New York 12477

  • Bedrooms : 1
  • Bathrooms : 0
  • Square Footage: 0 Sqft
$389,900
Listing ID#20211778
QR Code
Basic Details
Property Type : Multi-family
Listing Type : Sold
Listing ID : 20211778
Price : $389,900
Bathrooms : 0
Bedrooms : 1
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1986
Lot Area : 0.19 Acre
Agent info
Yameil Nunez
Berardi Realty
389 Washington Avenue
Contact Agent