New Listing - 10/29/2024
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
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Listing courtesy of MK Realty Inc 845-782-0205