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266 Malden Turnpike, Saugerties, NY, 12477 | $729,000
Set just off Malden Turnpike, this versatile 6-bedroom, 5. 5-bath multi-family ranch sits on 17 acres (15 acres are from adjacent lot) with
beautiful mountain views and offers a rare combination of strong existing rental income and exceptional development or expansion potential. The
property includes four well-proportioned units, each with its own meter and designated parking: Studio with full bath -- long-term tenant in place
2BR / 1. 5BA unit -- recently refreshed and move-in ready 2BR / 2BA duplex -- tenant in place 1BR / 1BA landlord suite -- includes a generous
living room (usable as a second bedroom or lounge) with a concrete patio walkout, plus a nicely sized kitchen/dining area. With minimal
renovations & cosmetic updates, the suite could serve as a very comfortable owner's residence while the remaining units offset carrying expenses.
Land & Development Potential The combined 17-acre setting provides exceptional flexibility. Build beside the existing home on cleared land as an
extension of the current home or explore a more private location across the acreage to maximize the direct Catskill Mountain views. A full survey
is included to support future development or expansion. Notable improvements and features include: Recent connection of all units to city water
20-year leach field Recent (favorable) roof inspection Preliminary evaluation of additional acreage for organic farming (details can be provided to
contracted buyer, if desired) The outdoor environment immediately behind the residence also offers abundant open space ideal for gardening,
relaxing, or barbecuing from the owners' suite patio. A beautiful stream runs behind the property, with a bridge providing access to the
remaining acreage. Whether seeking a primary residence with substantial residual income, a weekend retreat, or a strong investment
opportunity in a desirable area, this property offers impressive potential. • Mountain views • County & Private Road access • Convenient to
Woodstock, Saugerties & the Catskills.
Features
- Bedrooms: 6
- Units: 4
- Year Built: 1949
- Acreage: 87120
- Est. Taxes: $11,433
- School District: Saugerties
- MLS#: 20260781
- Days on Market: 84 days
- Website: https://www.raveis.com
/prop/20260781/266maldenturnpike_saugerties_ny?source=qrflyer
Information is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Source: Hudson Valley Catskills RegionListing courtesy of Redfin Real Estate
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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266 Malden Turnpike, Saugerties, NY, 12477
$729,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $583,200 | $583,200 | $583,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $953 | $953 | $953 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,591 | $3,682 | $4,843 |
| Total Monthly Payment | $4,636 | $4,727 | $5,888 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535