2096 Ulster Ave - Multi-Family FOR SALE


Lake Katrine, NY 12449
$775,000 USD
845-399-0770
2096 Ulster Ave, Lake Katrine, NY for Sale
$775,000 USD
Multi-Family - FOR SALE
1/61
null | Request Cap Rate

2096 Ulster Ave
Lake Katrine, NY 12449


OVERVIEW

Opportunity Knocks! This fully renovated triplex offers a rare combination of quality craftsmanship, energy efficiency, and strong income potential. Major upgrades include brand-new central heating and air conditioning systems, hot water heaters, updated electrical and plumbing, a new roof, and newly paved driveway and parking areas. The property has also been extensively enhanced with 6-inch spray foam insulation throughout the building and attached garage, improving energy efficiency while creating the potential for additional rental income through valuable storage space. A newly installed sprinkler system provides an added layer of safety and peace of mind. Each unit features a private entrance, offering convenience and privacy for tenants. The first-floor unit provides generous living space and a spacious bedroom. The second-floor unit includes one bedroom plus a dedicated office, ideal for remote work or additional living flexibility. Unit 3 is the standout feature of the property. Upon entry, you'll find a full apartment, complemented by a stunning staircase leading to a third-floor loft area. This unique space includes a second full bathroom, wet bar, large gathering room, and a separate office, creating an exceptional living environment. Ideally located between Kingston and Saugerties, with convenient access to the New York State Thruway, this property enjoys a highly desirable setting. Outdoor enthusiasts will appreciate its proximity to Windham Mountain Club, Hunter Mountain, and Mohonk Mountain, as well as the renowned HITS Hudson Valley Horse Show Series. Exceptional craftsmanship and quality finishes throughout provide years of low-maintenance ownership. With an attractive cap rate and extensive renovations already completed, this turnkey investment property is ready to generate income from day one!

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$241 USD /SF

# OF UNITS

3

PRICE/UNIT

$258,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

5400-039.016-0001-005.000-0000

ASK ABOUT THIS PROPERTY

John MurphyHoward Hanna | Rand RealtyMore Info
845-399-0770

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John MurphyHoward Hanna | Rand RealtyMore Info
845-399-0770

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