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40-42 S Front St
Hudson, NY 12534

$879,000

Apartments For Sale  •  5,175 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 5,175 Sq Ft
  • Lot Size 0.09 ac
  • Building Class C
  • Year Built 1900
  • Cap Rate 3.53 %
  • Zoning 07
0 Transit Score
63 Walk Score

Description

Excellent investment opportunity at one of the best gateways to Hudson! This neighborhood, called the Bridge District, received a $10-million NYS neighborhood improvement grant that goes into effect this year. Located on South Front Street, this (5) unit, renovated and well maintained apartment building is fully occupied and offers a terrific quality of life for occupants. There are (4) 1 BR and (1) 2 BR units with heat and hot water included. Updated Kitchens and Baths throughout and the first and second floor apartments have decks overlooking a back yard that provides green space and privacy. Dishwashers in 4 of 5 units. The 3rd floor apt is a 2- Bedroom with LR, Dining Area, Washer, Dryer and Central Air Conditioning. A 1-car garage with access off Allen Street has a workshop above that earns additional rental income. Convenient to AMTRAK and all Hudson has to offer. Ample off-street parking. Easy walk to restaurants, library and shopping.

Highlights

Steps from Hudson Amtrak Station
In Opportunity Zone
All Rents are Below Market Rate
In Downtown Revitalization Initiative Area
Steps from Waterfront Park
Building is NOT Rent Controlled or under any other rent restrictions

Property Flyers

Financial Summary (Actual)

Net Operating Income: $31,006 (2019)
Cap Rate: 3.53 %
Total Expenses: $26,222

Amenities

  • Balcony
  • Cable Ready
  • Courtyard
  • Dishwasher
  • Laundry Facilities
  • Heating
  • Smoke Free
  • Vintage Building
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Sprinkler System
  • Range
  • Tub/Shower
  • Views
  • Double Pane Windows
  • Intercom
  • Porch
  • Smoke Free
  • Public Transportation

Parking Details

Parking Available: No
Reserved: No
Type: Covered
Included in Rent: Yes
Victor Mendolia 518-653-1941 TKG The Kinderhook Group Hudson
Victor Mendolia 518-653-1941 TKG The Kinderhook Group Hudson