168 Market Street, Saugerties, NY 12477 (MLS# 20151539)

168 Market Street, Saugerties, NY 12477

$145,000

Property Type: Residential Income Lot Size (sq. ft.): 6,534 Status: Closed

Current Price: $145,000 List Date: 4/19/2015 Last Modified: 9/02/2024

Overview

Description

This Saugerties Village 3 family is priced to sell as a very attractive investment property. First floor apartment rent of $1200 per month is estimated because the owner lives there now. This rent would have to include gas and electric (estimated monthly cost is $200 per month) because basement space and common hall are on the respective gas and electric meters for the apartment. Rent for first floor apartment would include exclusive use of the basement which could be very useful for storage or as a shop. It is now used by the owner as a carpentry shop.

Listing Details MLS# 20151539

General Property Information

Number Of Units Total: 3
Year Built: 1923
Garage YN: No
Lot Size Acres: 0.15
Lot Size Dimensions: 60x94
Association YN: No
Stories: 2
Sign On Property YN: Yes
Garage Spaces: 0

Property Features

Appliances: Dryer; Electric Water Heater; Gas Water Heater; Range; Refrigerator; Washer Basement: Full; Unfinished Construction Materials: Frame; Vinyl Siding Cooling: Window Unit(s) Electric: 200+ Amp Service Flooring: Carpet; Ceramic Tile Heating: Natural Gas; Space Heater Lot Features: Landscaped; Level Other Structures: Shed(s) Owner Pays: Electricity; Gas; Insurance Parking Features: Off Street; Other Plumbing: Mixed Roof: Asphalt; Shingle Sewer: Public Sewer Showing Considerations: Occupied Tenant Pays: All Utilities Water Source: Public Showing Requirements: Call Listing Agent

Contract Information

Original List Price: 160000
Listing Contract Date: 2015-04-18
Property Sub Type: Triplex
Listing Agreement: Exclusive Right To Sell
Owner Name: Malone
Owner Phone: CO LR

Location Tax and Legal

Street Number: 168
Street Name: Market
Street Suffix: Street
State: NY
Zip Code: 12477
Town (Taxable): Saugerties-Vlg

Remarks and Miscellaneous

Public Remarks: This Saugerties Village 3 family is priced to sell as a very attractive investment property. First floor apartment rent of $1200 per month is estimated because the owner lives there now. This rent would have to include gas and electric (estimated monthly cost is $200 per month) because basement space and common hall are on the respective gas and electric meters for the apartment. Rent for first floor apartment would include exclusive use of the basement which could be very useful for storage or as a shop. It is now used by the owner as a carpentry shop.

Status Change Information

Major Change Timestamp: 2015-09-12T00:05:37Z
Major Change Type: Status Change
Status Change Timestamp: 2015-09-18
Purchase Contract Date: 2015-08-03
Close Date: 2015-09-11
Close Price: 145000
Buyer Financing: Cash
Concessions Amount: 0

More Information

Book Information

Liber/Book: 2863
Page: 339
Section: 18.53

Income and Expenses

Cap Rate: 13
Electric Expense: 1200
Fuel Expense: 1200
Gross Scheduled Income: 31140
Insurance Expense: 1400
Monthly Income: 2595
Net Operating Income: 20868
New Taxes Expense: 6072
Total Annual Expenses: 10272
Water Expense: 400
Other Income: 0

Unit 1 Information

Actual Rent: 1200
Baths Full: Yes
Square Feet: 1076

Unit 2 Information

Actual Rent: 830
Baths Full: Yes
Square Feet: 1076

Unit 3 Information

Actual Rent: 565
Baths Full: Yes
Square Feet: 600

Showing Information

Showing Instructions: Call Listing Realtor

Historical Information

UC Public Historical Remarks: FIPS Code: NY111, Age: 61-100, Garage/Parking Extras: 3 Car +, Lot/Site: Hamlet/village

Location, Tax, and Legal

General Tax: 1724
School Tax: 3116
Village Tax: 1232
Tax Assessed Value: 187500
Tax Legal Description: 20.1,3,168 Market
Tax Lot: 20.1
Tax Block: 3
Zoning: 05
Directions: From corner of Market and Main in Saugerties Village take Market to 168 on left. (North west corner of Market and Dawes)

Appliances

Dryer: Yes
Electric Water Heater: Yes
Gas Water Heater: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Basement

Full: Yes
Unfinished: Yes

Construction Materials

Frame: Yes
Vinyl Siding: Yes

Cooling

Window Unit(s): Yes

Electric

200+ Amp Service: Yes

Flooring

Carpet: Yes
Ceramic Tile: Yes

Heating

Natural Gas: Yes
Space Heater: Yes

Lot Features

Landscaped: Yes
Level: Yes

Other Structures

Shed(s): Yes

Parking Features

Off Street: Yes
Other: Yes

Plumbing

Mixed: Yes

Roof

Asphalt: Yes
Shingle: Yes

Sewer

Public Sewer: Yes

Showing Considerations

Occupied: Yes

Water Source

Public: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Insurance: Yes

Tenant Pays

All Utilities: Yes

Showing Requirements

Call Listing Agent: Yes

Listing Courtesy of Hubbard, Steve Real Estate

Listing Agent: Steve Hubbard

Information deemed reliable but not guaranteed.

168 Market Street, Saugerties, NY 12477 (MLS# 20151539)