451 Washington Ave Extension
451 Washington Ave Extension
451 Washington Ave Extension
451 Washington Ave Extension
451 Washington Ave Extension
451 Washington Ave Extension
451 Washington Ave Extension
451 Washington Ave Extension
451 Washington Ave Extension
451 Washington Ave Extension
451 Washington Ave Extension
451 Washington Ave Extension
451 Washington Ave Extension
451 Washington Ave Extension
451 Washington Ave Extension
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$10,000/mo

451 Washington Ave Extension

10,161 Sq.Ft.

Description

Sprawling 27 unit building with a 1-bedroom managers apartment (28 total units). Building is currently being rented as High End SRO (single room occupancy) with each room having its own private bath. The 10,000+ square foot building is split into 4 suites, each suite has its own full kitchen, dining area, living room and then 6-7 bedrooms, each with its own full bath. This property can lend itself to a Hotel (as it was previously used), Inn, Senior Residence or SRO rentals etc. Building has just been updated with all new HVAC (heat and ac), high efficiency propane units along with many other updates. Units are now being rented between $700-$1,000 a month depending on the room size and bathroom layout. Please see attached info in associated doc's for County Records, CO & Floor Plans. Cap rate at projected (conservative) rents and expenses is 14% at asking price. Master Lease, Rent With Option To Buy or Straight sale considered. Property is located about 1/2 mile from Saugerties Village center and surrounded by/close to, Horse Show properties, Cantine Sports Complex, indoor Ice Arena, Mini-golf, Go-carts and Skate Park. Excellent location for Airbnb, hotel or straight rentals. Building is fully furnished along with a full laundry facility with 5+ coin operated washers and dryers. List agent is part owner.

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Location

451 Washington Ave Extension, Saugerties, NY 12477

Status

Leased

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Greg Berardi

Greg Berardi

TITLE

Broker | Owner

Property Amenities

Interior
Appliances Water Heater, Electric Water Heater
Flooring Carpet, Ceramic Tile, Vinyl
Area & Lot
Lot Area 2.2 Acres
Living area 10,161 Sq.Ft.
MLS® ID 20221403
Year Built 1960
Elementary School Cahill K-6
Type Commercial
Status Leased
Exterior
Air conditioning Central Air
Heat type Central, Forced Air, Propane
Security Features Security Lights, Security System, Smoke Detector(s)
Sewer Public Sewer
Lot Features Landscaped, Level
Finance
Lease Price $10,000/mo
Real Estate Tax $18,874 yearly

Ulster County

Work With Us

Berardi Realty is here to assist you through every step of the process and takes pride in being an expert in their field. They eagerly anticipate the opportunity to collaborate with you and facilitate the sale of one of your most significant assets. Contact them today!