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141 Ulster Ave

7,316 SF 100% Leased Retail Building Saugerties, NY 12477 £1,408,410 (£193/SF)

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Executive Summary

INCREDIBLE INVESTMENT OPPORTUNITY!!! Welcome to 141 Ulster avenue. This clockwork, 6-unit building is now available for the first time in 25 years. This property is the epitome of convenience. Within a one block area tenants have restaurants, grocery shopping, gas, and veterinary care. Only 3 minutes from both Main street in Saugerties AND the Saugerties thruway exit. This property has 3 commercial units on the first floor (Violet Sheers, Moorhus Computers, and Lamont Engineering) along with 3 residential units on the second floor. All units are currently occupied, however all tenants are on month to month rental agreements. Many tenants have lived/worked in the building for over 10 years. All units are separately metered for gas and electricity and paid by the tenants. Tenants also enjoy their own off-street parking in a private parking lot. The residential units are all HUGE 1-bed/1-bath apartments with plenty of natural light and real wood floors. No cheap laminate flooring to replace. Rents are currently well below market value. Apartments this size can rent between 1,800 and 2,000 per month. With barely any overhead, this building is your chance to establish yourself or expand into the wonderful Saugerties community. Convenience like this is rare beyond description so don't let this opportunity slip away.