38 Glasco Turnpike, Saugerties, NY 12477

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$179,900 List Price
Off Market
 
Listing ID 10972686
Property Type Multi-Unit (5+)
County Ulster
Total Tax $11,008
Tax ID 000000-029.046-0006-020.000
FEMA Flood Map fema.gov/portal
Year Built 1950
   
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Mixed use commercial property located in the Heart of Glasco, just outside of the Village of Saugerties.. Firs floor retail needs minor improvements to be deli/catering or eatery.. (seller has town approval to convert first floor into two more rental apartments, 3 bedroom & 2 bedroom) Two second floor apartments are completely renovated in and out with washer and dryer hook-ups. New mechanical's in each apartment including forced air heating systems, central AC, hot water heaters.. One 2 bedroom unit rents for $1,200 per month with the tenant paying all utilities, second apartment is 3 bedrooms rented for $1,300 per month with the tenant also paying all utilities.. Solid property with high income potential or owner occupant use on the first floor... Very motivated seller, present offers.. Property assessment is currently $331,000 and needs to be grieved with the town next grievance period, taxes reflect this high assessment amount.. .
Property Details
  • 0.26 Acres
  • Built in 1950
Unit Information
Unit #1 – Gross Area: 2500, Full Baths: 2
Unit #2 – Gross Area: 600, Rent Price: 1200, Bedrooms: 2, Full Baths: 1
Unit #3 – Gross Area: 600, Rent Price: 1300, Bedrooms: 3, Full Baths: 1
Income/Expenses
  • Gross Income $30,000
  • Net Income $15,792
  • Insurance Exp $2,000
Taxes and Fees
  • $6,637 School Tax
  • $4,371 County Tax
  • $11,008 Total Tax
Previously Listed By
Gregory Berardi
Win Morrison Realty
Office: 845-339-9999
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