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2096 Ulster Ave 3 Unit Apartment Building Offered at $775,000 Lake Katrine, NY 12449
Executive Summary
Opportunity Knocks! This fully renovated triplex offers a rare combination of quality craftsmanship, energy efficiency, and strong income potential. Major upgrades include brand-new central heating and air conditioning systems, hot water heaters, updated electrical and plumbing, a new roof, and newly paved driveway and parking areas. The property has also been extensively enhanced with 6-inch spray foam insulation throughout the building and attached garage, improving energy efficiency while creating the potential for additional rental income through valuable storage space. A newly installed sprinkler system provides an added layer of safety and peace of mind. Each unit features a private entrance, offering convenience and privacy for tenants. The first-floor unit provides generous living space and a spacious bedroom. The second-floor unit includes one bedroom plus a dedicated office, ideal for remote work or additional living flexibility. Unit 3 is the standout feature of the property. Upon entry, you'll find a full apartment, complemented by a stunning staircase leading to a third-floor loft area. This unique space includes a second full bathroom, wet bar, large gathering room, and a separate office, creating an exceptional living environment. Ideally located between Kingston and Saugerties, with convenient access to the New York State Thruway, this property enjoys a highly desirable setting. Outdoor enthusiasts will appreciate its proximity to Windham Mountain Club, Hunter Mountain, and Mohonk Mountain, as well as the renowned HITS Hudson Valley Horse Show Series. Exceptional craftsmanship and quality finishes throughout provide years of low-maintenance ownership. With an attractive cap rate and extensive renovations already completed, this turnkey investment property is ready to generate income from day one!
Property Facts
| Price | $775,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $258,333 | Building Size | 3,216 SF |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 3 | Year Built/Renovated | 1952/2026 |
| Property Type |
| Price | $775,000 |
| Price Per Unit | $258,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | |
| Apartment Style | Single-Family Home |
| Building Size | 3,216 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1952/2026 |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
20/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 5400-039.016-0001-005.000-0000 | Improvements Assessment | $66,500 |
| Land Assessment | $46,500 | Total Assessment | $113,000 |
Property Taxes
Parcel Number
5400-039.016-0001-005.000-0000
Land Assessment
$46,500
Improvements Assessment
$66,500
Total Assessment
$113,000
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2096 Ulster Ave