United StatesNew YorkLake Katrine16 Fording Place Road

16 Fording Place Road 16 Fording Place Road Lake Katrine, New York 12449 United States

$875,000
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Howard Hanna Rand Realty

Listing Courtesy of Howard Hanna Rand Realty

About 16 Fording Place Road

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 conditionerensuring comfort and independence for every tenant.Step outside to a serene backyard oasisthe 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.

Listing Courtesy of Howard Hanna Rand Realty, Ulster County Board-Realtors

PROPERTY INFORMATION

Appliances
Refrigerator, Range, Dishwasher
Basement
Exterior Entry, Finished, Full, Interior Entry, Storage Space, Walk-Out Access, Walk-Up Access
Community Info
Playground
Cooling
Wall/Window Unit(s)
Heating
Baseboard, Hot Water, Natural Gas
Parking Description
Private, Shared Driveway, Paved, Off Street, Driveway, Additional Parking
Sewer
Public Sewer
Style
Colonial, Other

EXTERIOR

Construction
Frame, Vinyl Siding
Exterior Features
Balcony, Lighting, Paved Walkway, Private Yard
Lot Description
Back Yard, Front Yard, Landscaped
Roofing
Shingle

INTERIOR

Flooring
Ceramic Tile, Laminate, Luxury Vinyl
Interior Features
Entrance Foyer, Storage
7
Bedrooms
3,584 Sq Ft.
Interior
.6 Acres
Exterior
Residential Income
Property type
1989
Year Built
20250404
Web Id
20250404
MLS ID
Kingston City
School District
Crosby K-4
Elementary
Listing Courtesy of Howard Hanna Rand Realty

Howard Hanna Rand Realty

Listing Courtesy of Howard Hanna Rand Realty

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