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Multi Family 2-4 in Ulster County
MLS Number824674
Address16 Fording Place Road, Lake Katrine, NY 12449 show map
Price$875,000 show mortgage calculator
Acres0.47520661157025
Year Built1989
Est. Sq. Footage0
Elementary SchoolE R Crosby Elementary School
Jr High-Middle SchoolM Clifford Miller Middle School
High SchoolKingston High School
Estimated Taxes$8,852
Total Apt Units4
Total Bedrooms7
# 1 Brs1
# 2 Brs3
Remarks

Discover an exceptional investment opportunity with this recently renovated and well maintained 4-unit building, perfectly positioned to generate steady rental income with a CAP rate at 8. Nestled on a lovely 0.60-acre lot, this custom 4 unit home sits atop a full, poured concrete foundation allowing for the possibility of additional rental income from the storage space below. This property features three spacious 2-bedroom units and one 1-bedroom unit, thoughtfully designed for accessibility. Each 830 sq. ft. apartment boasts its own high-efficiency boiler, hot water heater, washer/dryer, and air conditioner—ensuring comfort and independence for every tenant. Step outside to a serene backyard oasis—the lower-level units enjoy a covered porch, while the upper units feature private balconies with mountain views. The full basement includes two garage bays and four private storage rooms, while the paved driveway offers ample off-street parking for each tenant. This Lake Katrine gem is conveniently located within 15 minutes of Saugerties, Woodstock, and Rhinebeck and only 5 minutes from all the amenities of the town of Ulster. With a strong rental history and room for growth, this property presents an incredible turnkey investment in a highly desirable area.

Amenities

Patio

This listing is Courtesy of Howard Hanna Rand Realty ().

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