30 Lamb AVE Active Save Request In-Person Tour Request Virtual Tour
Saugerties,NY 12477
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 924797
Rental Info No
Year Built 1959
Annual Tax Amount $46,425
Lot Size 1.400 Acres
Acres 1.4
Property Sub-Type Multi Family
Source onekey2
Property Description
Excellent investment opportunity in one of Ulster County's most desirable rental markets. This well-maintained Fair Market 22-unit multifamily property sits on a quiet residential street just minutes from the heart of the Village of Saugerties. The building features a mix of studio, one-bedroom, and two-bedroom apartments, with two three-bedroom duplex units providing strong occupancy and consistent rental income. The building also offers covered parking for most of the tenants and two garages. Each unit offers well-maintained common area entrances, separate utilities, and off-street parking, appealing to both long-term tenants and newcomers drawn to Saugerties' growing community. The property benefits from public water and sewer, low village vacancy rates, and proximity to shopping, dining, and major commuter routes, including I-87 Exit 20. With stable cash flow and opportunity for future rent growth, 30 Lamb Avenue presents a rare chance to acquire a high-yield multifamily asset in a thriving Hudson Valley market. Major improvements include 22 new wall-mounted boilers (providing heat and hot water), updated kitchens and bathrooms throughout most units, hardwood flooring, tiled kitchens and bathrooms in most units, along with balconies off of the dining areas. There is a shopping plaza within a short walking distance of the property, and County bus transportation is available on the corner.
Location
State NY
County Ulster County
Rooms
Basement Partially Finished
Interior
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Carport
Utilities Available Cable Connected,Electricity Connected,Phone Connected,Sewer Connected,Trash Collection Public,Water Connected
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Riccardi Elementary School
Middle Schools Saugerties Junior High School
High Schools Saugerties
School District Saugerties
Others
Special Listing Condition None