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Monticello NY, 12701 $1,700,000

Multi Family Commercial , 8195 SqFt 

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Details ML#: H6334685  

  • # of Families: 13
  • Sale or Rent:Sale
  • Year Built: 1951
  • Taxes: $10,000
  • Status:Active

Description

EXCELLENT INCOME-PRODUCING PROPERTY! - 4 BUILDINGS - 13 UNITS! It’s situated on a spacious 3.46-acre lot in the prime Monticello area. The addresses are #808, #812, #818, and #820 State Route 17B with an SBL of 17-1-2. Building #808 has 5 units with 4 two-bedroom units and one studio unit. Building #812 has 6 units with four two-bedroom units and two one-bedroom units. Building #818 is a three-bedroom, ranch-style home, while Building #820 is a one-bedroom, one-loft bedroom cottage. Most apartments are currently occupied and generate additional income from a public laundry room. Many units have been recently renovated, ensuring excellent condition. The property offers significant potential for additional income, including options to separate utilities and add more units. Recent appraisal valued at $1.8 million! With a pro forma cap rate of nearly 9%, this is a fantastic investment opportunity!

More Property Details

Room Information

Bedroom: 22   Full Bath: 13  

Property Features

Lot Size: 3.46   Lot Sq Ft: 150718   Approx. Int. Sq. Ft.: 8195.00   Parking Spaces: Yes   Parking Facilities: Common, Parking Lot, Off Street, Private  

Appliances & Utilities

Heat: Electric, Oil, Propane, Baseboard, ENERGY STAR Qualified Equipment, Forced Air, Hot Water, Radiant   A/C: Individual Units   Water: Drilled Well   Sewer: Septic Tank  

Financial

Taxes: $10,000   Maintenance: $8,172  

Local Area Information

School District: Monticello  

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