1. New York
2. Lake Katrine
3. 16 Fording Place Road

16 Fording Place Road, Lake Katrine, NY 12449

• 7 beds |
• 4 baths |
• 5,556 sqft

Property Description

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.

Listing Status:

Active

Listing Office:

Howard Hanna Rand Realty : 845-338-5252

MLS ID:

824674

Interior

• General: Other
• Laundry: In Unit
• Basement: FinishedFullSee RemarksWalk-Out Access
• Flooring: Ceramic TileLaminateVinyl
• A/C: Wall/Window Unit(s)
• Heating: BaseboardOther

Exterior

Location

Lot

Utilities

Financial

This listing courtesy of Howard Hanna Rand Realty