$199,000

Located just minutes from the Village of Saugerties and tucked near the scenic Esopus Creek, this legal two family property at 13–15 Underwood Street presents a rare opportunity for investors looking to capitalize on a growing Hudson Valley market. This ~1,900 sq ft multi family built in 1933 sits on a .31 acre lot and features two units with a total of 4 bedrooms and 2 bathrooms, offering strong upside for rental income or resale after renovation. The property is in need of a full rehab, making it ideal for seasoned investors, flippers, or anyone looking to create long term value through improvements. With the right vision, this asset can be transformed into a high performing income property or a desirable owner occupied investment. Recent renovations are already underway in the immediate area, with a neighboring property currently being fully renovated highlighting the ongoing investment and revitalization happening in this pocket of Saugerties. Saugerties continues to gain traction as an up and coming Hudson Valley destination, known for its proximity to Kingston, Woodstock, and the NYS Thruway, along with its growing appeal for both full time residents and weekend buyers. Demand for renovated multi family properties in the area remains strong, especially those within close distance to the village, restaurants, and waterfront.