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9 - 15 John Yaeger Road, Saugerties
Great investment opportunity! Two side-by-side duplexes share a large yard, conveniently located between Woodstock and Saugerties. The unusually high Cap rate of 12.5 makes this a no-brainer. The four amply-sized units each have two bedrooms and are easily rented. They could generate a low-maintenance rental but can also be easily renovated to create a hip mountain getaway or continuous AirBnB moneymaker. Or turn one duplex into your own living space and have the other offset your expenses. Rents,total $43,800 yearly and while the landlord currently pays for heating -- about $2,500 yearly -- this could readily be changed for all units thereby creating more profit. It seems you just can't lose with this one!
- MLS® #20165516
- Year Built1970
- Sub-Type4 Family
- Lot DescriptionLEVEL, WOODED
- RoofASPH SHINGLE
- Address9 - 15 John Yaeger Road
- AppliancesRANGE, REFRIGERATOR
- HeatingBASEBOARD, RADIATORS
- ElementaryGRANT MORSE
- Listing AgentThomas Roberts
- Listing OfficeLawrence O'Toole Realty
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