181 Glenerie Boulevard, Lake Katrine, NY 12449 | MLS #20255060 | HUNT Real Estate
 
  • 258 days on site
  • 3 views

Excellent investment opportunity in the heart of Saugerties! 181 Glenerie Blvd features a well-maintained 7-unit apartment building offering a desirable mix of one-, two-, and three-bedroom apartments. Each unit provides comfortable layouts and strong rental demand in a convenient location between Kingston and Saugerties. There is a two-family home at the front of the property, where each tenant pays their own utilities (a newer wall-mounted boiler) and separate electricity. Then there is a cottage behind the building, and then a 4-unit strip of apartments, the cottage and strip, the owner supplies the heat and hot water (from a new wall-mounted propane boiler), tenants pay their own electricity. Tenants appreciate the convenience of off-street parking and easy access to major routes, shopping, dining, and local employers. With stable income and room for future value growth, this property is ideal for investors seeking steady returns in the thriving Hudson Valley rental market.

Source: Hudson Valley Catskill Regional MLS, MLS#: 20255060

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  • Property Type
    Residential Income
  • Lot
    0.55 acres

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  • Median Age
    53
  • Population Density
    844
  • College Educated
    35%
  • Estimated Median Income
    $49,286
  • Estimated Total Home Owners
    705
  • Estimated Total Renters
    523
  • Owner / Renter Divide
    57% / 43%
  • Estimated Average Household Size
    2
  • Total Population
    3,208
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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