808-812-818-820 State Route 17B Active Save Request In-Person Tour Request Virtual Tour
Monticello,NY 12701
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,195 sqft
Price per Sqft $207
MLS Listing ID H6334685
Bedrooms 22
Full Baths 13
Originating Board onekey
Rental Info No
Year Built 1951
Annual Tax Amount $10,000
Lot Size 3.460 Acres
Acres 3.46
Property 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!
Location
State NY
County Sullivan
Rooms
Basement Full
Interior
Heating Electric,Oil,Propane,Baseboard,ENERGY STAR Qualified Equipment,Forced Air,Hot Water
Cooling Zoned
Fireplace No
Exterior
Garage Common,Parking Lot,Off Street,Private
Waterfront Description Water Access
Parking Type Common,Parking Lot,Off Street,Private
Garage false
Building
Lot Description 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
Senior Community No
Special Listing Condition None