510 Columbia Street, Hudson, NY

About 510 Columbia Street

his handsome building is one block from Warren Street with its restaurants, shops and galleries. All three apartments in this charming building are vacant and are ready to rent to tenants right away. You could live in the spacious 2nd floor 3 BR floor-through and earn income from the 2 first floor apartments or whatever arrangement works for you. The two one bedroom apartments on the first floor have recently been refurbished with new carpet, new tiling, newer appliances and fresh paint. The 1200 SF second floor apartment features central AC, a clothes washer and dryer, a large living room, an updated kitchen, two other BRs and a very large bathroom with a huge shower. This second floor apartment is surrounded by a handsome deck and exterior staircase. The entire exterior was painted earlier this year. There is a fenced in back yard and a full-size two car garage. This one is ready to go ! Please note that Listing Agent is owner of this building. Financials: Income: The 2 units on the first floor have been vacant for over 2 years. Conservatively, I estimate they would rent for 1600 for the front apartment and 1300 for the back apartment. The unit on the second floor has been empty for about a year and before that was rented out to a friend at reduced rent. The second floor 3 BR would rent for at least 2400 but probably more. The two car garage would rent for about 300 a month. Total approximate income would be 5600. Expenses: Electric expense for common areas is approximately 480 annually. Total Taxes (School, County, City) for 2025 are 7119. Landlord/Liability insurance policy is 3712.

Listing Map