30 Lamb Ave - Apartments FOR SALE


Saugerties, NY 12477
$4,200,000 USD
845-389-7895
30 Lamb Ave, Saugerties, NY for Sale
$4,200,000 USD
Apartments - FOR SALE
1/25
null | 8.33% Cap Rate

30 Lamb Ave
Saugerties, NY 12477


HIGHLIGHTS

  • Excellent investment opportunity in one of Ulster County's most desirable rental markets. A well-maintained 22-unit multifamily property.
  • Features a mix of one, two and three-bedroom apartments, providing strong occupancy and consistent rental income.
  • With stable cash flow and opportunity for future rent growth, 30 Lamb Avenue presents a rare chance to acquire a high-yield multifamily asset in a thr

OVERVIEW

Excellent investment opportunity in one of Ulster County's most desirable rental markets. This well-maintained Fair Market 22-unit multifamily property sits on a quiet residential street just minutes from the heart of the Village of Saugerties. The building features a mix of studio, one-bedroom, and two-bedroom apartments, with two three-bedroom duplex units providing strong occupancy and consistent rental income. The building also offers covered parking for most of the tenants and two garages. Each unit offers well-maintained common area entrances, separate utilities, and off-street parking, appealing to both long-term tenants and newcomers drawn to Saugerties' growing community. The property benefits from public water and sewer, low village vacancy rates, and proximity to shopping, dining, and major commuter routes, including I-87 Exit 20. With stable cash flow and opportunity for future rent growth, 30 Lamb Avenue presents a rare chance to acquire a high-yield multifamily asset in a thriving Hudson Valley market. Major improvements include 22 new wall-mounted boilers (providing heat and hot water), updated kitchens and bathrooms throughout most units, hardwood flooring, tiled kitchens and bathrooms in most units, along with balconies off of the dining areas. There is a shopping plaza within a short walking distance of the property, and County bus transportation is available on the corner.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

22

PRICE/UNIT

$190,909

CAP RATE

8.33%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza Garden Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

02

APN/PARCEL ID

4889-029.021-0007-014.100-0000

ASK ABOUT THIS PROPERTY

Greg BerardiBerardi RealtyMore Info
845-389-7895

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Greg BerardiBerardi RealtyMore Info
845-389-7895

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