141 Ulster Ave Saugerties, NY 12477
- Investment properties
- 7,316 SF
- 0.31 lot acres
Current Use by Public Records
- Lamont Engineers, P.C. / Engineering Consultant
- Violet Shears / Hair Salon
- Moorhus Computers / Computer Repair Service
Property Details for 141 Ulster Ave
- Year built
- 1895
- Lot size
- 0.31 lot acres
- Property size
- 7,316 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 514801 18.53-1-23
- APU
- 5148011853123
Description
This exceptional six-unit mixed-use property at 141 Ulster Avenue in Saugerties, NY, presents a compelling investment opportunity. The 7,316 square foot building sits on a 0.03-acre lot and boasts three thriving commercial units on the ground floor, currently occupied by Violet Sheers, Moorhus Computers, and Lamont Engineering. These established businesses provide immediate and consistent income streams. Above, three spacious one-bedroom, one-bathroom residential apartments offer significant rental potential. Each apartment features real wood floors and abundant natural light. All units are separately metered for gas and electricity, with tenants responsible for their respective utilities. Convenient off-street parking is provided in a private lot. The property benefits from an unbeatable location, just one block from restaurants, grocery stores, gas stations, and veterinary services, and a mere three minutes from both Saugerties' Main Street and the Saugerties Thruway exit. Currently, all units are on month-to-month leases, with many long-term tenants. Existing rents are significantly below market value, presenting a substantial opportunity to increase revenue. Apartments of this size command monthly rents between $1,800 and $2,000. With minimal overhead and high occupancy, this property offers a rare chance to acquire a turnkey investment in a thriving community. Don't miss this chance to capitalize on this exceptional income-generating asset. The asking price is $1,800,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $330,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $340,000
- 6.5%
- $385,000
- 7%
- $370,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $355,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $360,000
- Mixed-Use
- $310,000
- Hospitality
- $310,000
- Educational
- $420,000
- Residential Income
- $325,000
- Energy
- $340,000
- Income-Based Land
- $315,000
- Food Service
- $375,000
Location Insight
- Map
- Local Demand
- City
- Saugerties
- County
- Ulster
- State
- New York
- Longitude
- -73.9602
- Latitude
- 42.0814
- CBSA code
- 28740
- CBSA name
- KINGSTON, NY METROPOLITAN STATISTICAL AREA
