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Lake Katrine,NY 12449
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY824674
Style Other
Bedrooms 7
Full Baths 4
Year Built 1989
Annual Tax Amount $8,851
Lot Size 0.475 Acres
Property Sub-Type Quadruplex
Property Description
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.
Location
State NY
County Ulster County
Interior
Heating Baseboard,Other
Cooling Wall/Window Unit(s)
Flooring Ceramic Tile,Laminate,Vinyl
Laundry In Unit
Exterior
Garage Spaces 2.0
Utilities Available See Remarks
Building
Sewer Public Sewer
Water Public
Schools
Elementary Schools E R Crosby Elementary School
Middle Schools M Clifford Miller Middle School
High Schools Kingston High School
School District Kingston
Others
Special Listing Condition None