Price Reduced 2.77%
Price History
$899,900
2/18/2025
$875,000
3/12/2025
16 Fording Place Road, Ulster, (Lake Katrine), NY, 12449
7 beds
4 Full baths
1989
Other
Discover an exceptional investment opportunity with this recently renovated and well maintained 4-unit building, perfectly positioned to generate steady rental income with a CAP rate at 8. Nestled on a lovely 0.60-acre lot, this custom 4 unit home sits atop a full, poured concrete foundation allowing for the possibility of additional rental income from the storage space below. This property features three spacious 2-bedroom units and one 1-bedroom unit, thoughtfully designed for accessibility. Each 830 sq. ft. apartment boasts its own high-efficiency boiler, hot water heater, washer/dryer, and air conditioner—ensuring comfort and independence for every tenant. Step outside to a serene backyard oasis—the lower-level units enjoy a covered porch, while the upper units feature private balconies with mountain views. The full basement includes two garage bays and four private storage rooms, while the paved driveway offers ample off-street parking for each tenant. This Lake Katrine gem is conveniently located within 15 minutes of Saugerties, Woodstock, and Rhinebeck and only 5 minutes from all the amenities of the town of Ulster. With a strong rental history and room for growth, this property presents an incredible turnkey investment in a highly desirable area.
Status:
Active
Town:
Ulster
Type:
Single-family residential
Laundry Remarks:
In Unit
Units:
4
Garage:
2-car
Heating:
Baseboard, Natural Gas
Cooling:
Wall/Window Unit(s)
Basement:
Finished, Full, See Remarks, Walk-Out Access
Parking:
8-car
Acreage:
0.48
Est. Taxes:
$8,852
Assessment
$150,800
Construction
Frame
Utilities
See Remarks
Elementary School:
E R Crosby Elementary School
Middle School:
M Clifford Miller Middle School
High School:
Kingston High School
School District:
Kingston
Days on Market:
22
MLS #:
824674
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of HOWARD HANNA RAND REALTY Phone: 845-338-5252
