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181 Glenerie Blvd 7 Unit Apartment Building $1,217,656 CAD ($173,951 CAD/Unit) 10.73% Cap Rate Saugerties, NY 12477
Investment Highlights
- Excellent investment opportunity in the heart of Saugerties!
- Each unit provides comfortable layouts and strong rental demand in a convenient location between Kingston and Saugerties.
- property is ideal for investors seeking steady returns in the thriving Hudson Valley rental market.
Executive Summary
Excellent investment opportunity in the heart of Saugerties! 181 Glenerie Blvd features a well-maintained 7-unit apartment building offering a desirable mix of one-, two-, and three-bedroom apartments. Each unit provides comfortable layouts and strong rental demand in a convenient location between Kingston and Saugerties. Tenants enjoy off-street parking and easy access to major routes, shopping, dining, and area employers. With stable income and room for future value growth, this property is ideal for investors seeking steady returns in the thriving Hudson Valley rental market.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,217,656 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $173,951 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.61 AC |
| Cap Rate | 10.73% | Building Size | 4,060 SF |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | ||
| Zoning | 32 | ||
| Price | $1,217,656 CAD |
| Price Per Unit | $173,951 CAD |
| Sale Type | Investment |
| Cap Rate | 10.73% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 4,060 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | 32 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $2,177 CAD | 800 |
| 1+1 | 4 | $1,769 CAD | 800 |
| 2+1 | 2 | - | 800 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 5400-039.007-0008-015.000-0000 | Improvements Assessment | $173,329 CAD |
| Land Assessment | $43,672 CAD | Total Assessment | $217,001 CAD |
Property Taxes
Parcel Number
5400-039.007-0008-015.000-0000
Land Assessment
$43,672 CAD
Improvements Assessment
$173,329 CAD
Total Assessment
$217,001 CAD
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181 Glenerie Blvd
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