New Listing - 10/29/2024

$1,700,000 ($207.44 per sqft)

Est. Mortgage $8,708/mo *

Quick Pre-Approval

808-812-818-820 State Route 17B, Monticello, (Thompson), NY, 12701

808-812-818-820 State Route 17B, Monticello, (Thompson), NY, 12701

22 beds

13 Full baths

1951

Multi Family

8,195 sqft

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!


Status:

Active

Town:

Monticello

Type:

Multi-family

Units:

13

Heating:

Electric, Oil, Propane, Baseboard, ENERGY STAR Qualified Equipment, Forced Air, Hot Water

Cooling:

Zoned

Basement:

Full

Parking:

Common, Parking Lot, Off Street, Private

Acreage:

3.46

Est. Taxes:

$10,000

Assessment

$326,100

Construction

Vinyl Siding

Lot Description:

Wooded

Waterfront:

Yes

Elementary School:

Kenneth L Rutherford School

Middle School:

Robert J Kaiser Middle School

High School:

Monticello High School

School District:

Monticello

MLS #:

H6334685


Community Info

School Info

Walk Score

Mass Transit

Yelp



Listing courtesy of MK Realty Inc 845-782-0205