New Listing - 01/14/2025
39-41 Hillside Avenue, Monticello, NY, 12701
1980
Introducing an exceptional investment opportunity at 39-41 Hillside Ave in Monticello, designed for savvy investors and forward-thinking developers alike! This remarkable property boasts 7 units, with 6 of these units undergoing extensive and stylish renovations in 2024, ensuring they meet the contemporary demands of today's renters. These upgraded units are currently generating a robust annual rental income of $82,764, showcasing not only the property's immediate profitability but also its potential for future growth. In addition to the impressive rental income and value-add opportunity, there’s an exciting option to acquire the neighboring lot for just $350,000! This parcel holds the potential for constructing 7 condos on these lots, paving the way for substantial future returns in a growing area. Monticello is on an upward trajectory, making this the perfect moment to invest in a property with both immediate cash flow and long-term appreciation potential. The combination of a strong rental market, strategic location, and the possibility of expansion makes this property a standout choice for those looking to make a meaningful impact in the Monticello real estate landscape. Don't miss out on this lucrative opportunity—seize the chance to invest in your future today!
Status:
Active
Type:
Commercial
Units:
7
Heating:
Baseboard, Electric
Cooling:
Wall/Window Unit(s)
Levels:
2
Parking:
7-car, Driveway
Acreage:
0.62
Est. Taxes:
$8,110
Construction
Frame
Utilities
Electricity Connected
Lot Description:
Back Yard
Elementary School:
George L Cooke School
Middle School:
Robert J Kaiser Middle School
High School:
Monticello High School
School District:
Monticello
Appliances:
Freezer, Oven, Refrigerator
MLS #:
811928
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Team W Realty LLC Phone: 845-533-6565