508 State Street
508 State Street Hudson, New York 12534 United States

$350,000
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6 Unit Apartment House with a Bonus 3 Bedroom House on the Alley. All on a double lot. Amazing views of Hudson and the new Hudson Area Library from the upper floors. This is your opportunity to break in to the very hot rental market in Hudson NY...
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Heather Croner Real Estate Sotheby's International Realty

$350,000
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Price / Sq. Ft.:
$44 /
20
Bedrooms
7
Full Baths
7,896 Sq Ft.
Interior
.14 Acres
Exterior
Multi-Family Home
0
Year Built
114218
Web Id
114218
MLS ID
Hudson
Subdivision
Hudson City School District
School District

About 508 State Street

6 Unit Apartment House with a Bonus 3 Bedroom House on the Alley. All on a double lot. Amazing views of Hudson and the new Hudson Area Library from the upper floors. This is your opportunity to break in to the very hot rental market in Hudson NY in a very big way. Previous structural issues have mostly been addressed. Cellar was dug down, new concrete piers poured and new structural members are in place. Even still, much if not all of the building will need to be gutted to bring it back to its highest and best use. But there remains major upside potential here. Considering potential rents conservatively, this property could easily have a yearly rent roll of $100,000 or even higher, depending on the renovation finishes and amenities. Think of the payoff as you renovate the six 2-3 bedroom apartment rental units and the separate 3 bedroom house at the back alley. A great spot for the bldg owner or Superintendent. Close enough, but not too close. Possible creative financing.

Listing Courtesy of Beach & Bartolo Realtors

PROPERTY INFORMATION

Basement
Full, Unfinished
Heating
Space Heater
Sewer
Municipal
Water
Municipal

EXTERIOR

Construction
Frame
Roofing
Shingle

ADDITIONAL INFORMATION

Assessment
98000

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