Introducing this extremely well maintained 6-unit multifamily property on 4.5 acres, nestled in the scenic foothills of the Catskill Mountains, just 7 minutes from the NYS Thruway. A single family house, 5 unit apartment building and 2 rentable billboards. Priced at a 7.7 Cap Rate with upside, this asset offers a blend of stable income and growth potential, making it an ideal addition to any investor's portfolio. Property Highlights: Unit Mix: One 3BR single family home (~1,000 sq ft), Five spacious 2BR apartments ( approx ~1,200 sq ft each) plus 2 rented billboards Occupancy: Fully occupied with long-term tenants; 2 units are currently well below market rent, presenting an opportunity for increased revenue. Cap Rate: 7.7% Lot Size: 4.5 acres Building Size: 7,200 sq ft Year Built: 1998 Zoning: Commercial 1 (Comm1) Parking: Ample on-site parking with a ratio of 2.5 per unit Strategic Location: Situated just 7 minutes from Interstate 87, this property offers tenants easy access to major transportation routes. The vibrant Village of Saugerties, known for HITS Horse Shows, eclectic shops, restaurants, and cultural attractions, is only a short drive away. The property's location combines the tranquility of upstate living with the convenience of nearby urban amenities. Investment Potential: The expansive lot size and favorable zoning may offer opportunities for subdivision or future development and expansion. Don't Miss Out: This is a rare chance to acquire a well cared for and performing asset in a growing market. Whether you're looking to expand your portfolio or enter the multifamily investment space, 3582-3586 Route 32 presents a compelling opportunity.
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