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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27553772
27548142

181 Glenerie Boulevard, Lake Katrine, NY 12449

Berardi Realty
Berardi Realty
Listed by Berardi Realty
$895,000
234 days on market
Updated 23 days ago

181 Glenerie Blvd

Details
APN 39.7-8-15
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 4,544
Units 7
Cap Rate 8.00%
NOI $78,006
Occupancy 100%
Pro-Forma Cap Rate 100.00%
Year Built 1970
Buildings 3
Acreage 0.550
Zoning 32
Ground Lease No

Multifamily | 7 Units | $0/unit

Marketing description

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.

Investment highlights

  1. 7-Unit Income Property featuring a desirable mix of 1-, 2-, and 3-bedroom apartments

  2. Well-maintained buildings with strong rental history and consistent occupancy

  3. Two-family front house – each tenant pays their own heat and electric (separate meters & newer wall-mounted boiler)

  4. Rear cottage + 4-unit strip – owner supplies heat & hot water via new propane boiler; tenants pay their own electric

  5. Recent upgrades include modern high-efficiency heating systems and mechanicals

  6. Ample off-street parking for tenants

  7. Prime location between Kingston & Saugerties – convenient to Route 9W, I-87 Thruway, shops, dining, and major employers

  8. Turnkey investment with stable income and room for future rent growth

  9. Strong Hudson Valley rental demand ensures long-term appreciation and steady returns

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Listing Contacts

Berardi Realty
Berardi Realty
Listed by Berardi Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,006.00
$6,500.50/mo

Valuation Metrics

0
DSCR
8.72%
Cap Rate
8.72%
ROI

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