Prime 3-Unit Multifamily Opportunity in the Heart of Saugerties, NY! Location, Location, Location!An Investment Dream, Just one block from the vibrant shops, restaurants, and galleries of Partition Street and Main Street, this incredible multifamily property places you right in the cultural and commercial heart of Saugerties. This rare gem offers strong income potential in one of the most desirable small towns in the Hudson Valley. With modern construction, separate utilities, and a central location, this is a turnkey property for investors or owner-occupants alike. Whether you're looking to invest or live in one unit while renting the others, this is an unbeatable location with endless potential. Three Spacious Units. EACH UNIT features: 3 Bedrooms, 1. 5 Bathrooms, Full Eat-In Kitchen, Dedicated Dining Room, Comfortable Living Room. Built in 1999 - First time on the market! Off-Street Parking - Private and convenient for tenants. Separate Utilities - 3 municipal gas burners, 3 electric meters - tenants pay their ownMunicipal Gas & Electric - Easy maintenance and low hassle. Don't Miss Your Chance. Opportunities like this don't come around often in Saugerties. Schedule a showing today and take the first step toward owning this high-demand rental property!
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Our Executive Mortgage Banker:
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$649,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $519,200 | $519,200 | $519,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.063% | 6.132% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,282 | $3,411 | $4,346 |
Total Monthly Payment | $3,374 | $3,503 | $4,438 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.