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Welcome to 9 Bostan Road, an exceptional income-producing two-family home located on a quiet country road in Saugerties, offering stunning sunset views overlooking the HITS-on-the-Hudson equestrian showgrounds. This turnkey investment property is perfectly positioned just minutes from the Village of Saugerties, making it ideal for both owner-occupants seeking rental income and investors looking for strong cash flow. This well-maintained multi-family property delivers the best of both worlds with immediate rental income and owner-occupied potential. The vacant, move-in ready lower unit features 2 bedrooms, 1 full bath, a spacious eat-in kitchen, a large living room with mountain views, in-unit washer/dryer, and new flooring--perfect for an owner-occupant or ready to lease at market rent. The upper unit, offering 3 bedrooms and 1 bath, is currently leased to long-term tenants at 1, 900/month (22, 800 annually), providing instant, stable income. The lower unit has a proven rental history, previously generating approximately 1, 880/month (22, 560 annually), creating a compelling dual-income opportunity or flexibility to offset your mortgage. Both units offer over 1, 000+ square feet of living space, generous closet storage, and off-street parking, with tenants responsible for their own electric enhancing overall investment efficiency. Recent capital improvements include a new septic pump, fresh exterior paint, and updated interior paint in both units, making this a low-maintenance, move-in ready multifamily property. Ideally located just: 5 minutes to the Village of Saugerties, 15 minutes to Kingston and Catskill, 20 minutes to Woodstock, 45 minutes to Albany. With limited two-family inventory in the Saugerties market, this is a rare opportunity to secure a high-demand rental property in a desirable location. Whether you're looking for a primary residence with income potential, a short-term or long-term rental investment, or a cash-flowing addition to your portfolio.
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 Region
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Our Executive Mortgage Banker:
$389,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $311,200 | $311,200 | $311,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.730% |
| Monthly Tax Payment | $475 | $475 | $475 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,864 | $1,941 | $2,541 |
| Total Monthly Payment | $2,414 | $2,491 | $3,091 |
* 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.