38 Montgomery Street Street, Saugerties
Two 3 Bedroom Apartments located in the Village of Saugerties - 2 100 Amp Electric Services - 2 Hot Water Heaters - Both Apartments are identical - Living Room, Dining Room, and Eat in Kitchen Downstairs and there is a washer hook up in both sides - 3 Bedrooms, in one of the bedrooms in each apartment, there is another large space attached, either a big walk in closet or the tenant in apartment # 1 uses it as a 4th bedroom and the Full Bath Upstairs - Walking to Everything in the Village of Saugerties - Saugerties Beach - Tina Chorvas Park - Cantine Memorial Field for All of Your Sporting Needs - Kiwanis Ice Arena - Saugerties Stallions - Tennis Courts - Play Grounds - Soccer Fields - Shopping - Dining - Night Life - Saugerties High School - Cahill Elementary - 4th of July Parade - Sawyer Motors Car Show - Garlic Festival - Mum Bowl Festival and Numerous other Activities - Apartment # 1 is currently paying $950.00 monthly and has a one year lease starting June 1st, 2020 - They have Nature Gas Heat for the Downstairs and Electric Heat in the Upstairs Bedrooms and Bathroom - Apartment # 2 is currently paying $800.00 monthly - currently on a month to month lease however has been at the location for 15 years - This apartment has Nature Gas Heat with Radiators throughout the apartment - There is a Washer Hook up in Both Apartments - There is an entrance to the Basement from within both Apartments however you MUST use the Outside Entrance to get into the Basement - The Owner only pays the Water/Sewer, Taxes and Insurance - The Tenants pays everything else. Apartment # 1 pays $950.00 Monthly - Apartment # 2 pays $800.00 Monthly = $21,000.00 Yearly - Expenses - $1,413.63 General Taxes, $3,208.51 School Taxes, $947.42 Village Taxes, $1,643.00 Insurance and Approximately $500.00 yearly for water/sewer (this is billed quarterly and normally runs around $110.00 Quarterly) = $7,712.56 / Yearly Net Profit $13,287.44.
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