$1,700,000
$1,700,000
For more information regarding the value of a property, please contact us for a free consultation.
3.46 Acres Lot
SOLD DATE : 04/30/2025
Key Details
Sold Price $1,700,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID KEYH6334685
Sold Date 04/30/25
HOA Y/N No
Originating Board onekey2
Rental Info No
Year Built 1951
Annual Tax Amount $10,000
Lot Size 3.460 Acres
Acres 3.46
Property Sub-Type Multi Family
Property Description
EXCELLENT INCOME-PRODUCING PROPERTY! - 4 BUILDINGS - 13 UNITS - 100% OCCUPIED!
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!
Location
State NY
County Sullivan County
Rooms
Basement Full
Interior
Heating Electric, Oil, Propane, Baseboard, ENERGY STAR Qualified Equipment, Forced Air, Hot Water, Radiant
Cooling Multi Units
Fireplace No
Appliance Electric Water Heater, Oven, Refrigerator
Exterior
Parking Features Parking Lot, Off Street, Private
Utilities Available Trash Collection Private
Building
Lot Description Near School, Near Shops, Wooded
Sewer Septic Tank
Water Well
Structure Type Vinyl Siding
Schools
Elementary Schools Kenneth L Rutherford School
Middle Schools Robert J Kaiser Middle School
High Schools Monticello High School
School District Monticello
Others
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with MK Realty Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "