354-356 Union Street, Hudson, NY

About 354-356 Union Street

A beautiful Second Empire Victorian, located on a great block of Union St just across from the stately Courthouse Square, and a block away from thriving Warren St. The building was completely gut-renovated in 2020, and is in excellent condition and truly a turn-key investment. This is a unique opportunity to invest in thriving downtown Hudson, where high-quality apartments are in high demand and fetch impressive rents an Income and Expenses report is available upon request to serious buyers. The building includes (5) spacious and well appointed apartments, (4) one-bedrooms and (1) two-bedroom unit on the top floor. All units boast loft-like living, dining and kitchen areas, two bathrooms, and in-unit washer and dryers. Four of the units are fully occupied with excellent tenants who pay market rents, and one unit is operated as an Airbnb and would make a great owners unit. There is further development potential, with a huge carriage house that can deliver two additional apartments, or a fabulous Owner's home on the alley. Renovations have begun in the carriage house, with foundation and framing work complete. The sale included stamped plans which have been fully approved by the local planning and historic boards. This property offers a huge value to any savvy investor looking to buy a turn-key historic property on the best street in Hudson.

Listing Map