16 Fording Place Road, Lake Katrine, NY 12449

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$875,000

bedrooms

bathrooms

square feet

3,584

Acreage

0.6

Open Houses

year built

1989

Full Baths

Half Baths

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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.

Location
Subdivision	-
County	Ulster
Elementary School	Crosby K-4
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 20250404

Listing agent: Rodney Batista

Listing broker: Howard Hanna Rand Realty (845) 338-5252

Copyright © 2025 Multiple Listing Service of Ulster County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, April 22 2025 at 2:53 p.m. EDT

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