Liberty, NY 12754,84-88 Academy ST
$715,000
$925,000
22.7%
Est.Price: ?

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16 BD
10 BA
7,574 SqFt

84-88 Academy ST Liberty, NY 12754

Est. payment /mo
SOLD DATE : 04/10/2024

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Chaim Reich - Erealty Advisors

Chaim Reich - Erealty Advisors

+1(718) 781-3616

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $715,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 7,574 sqft

Price per Sqft $94

MLS Listing ID H6260283

Sold Date 04/10/24

Bedrooms 16

Full Baths 10

Originating Board onekey

Rental Info No

Year Built 1920

Annual Tax Amount $22,900

Lot Size 0.630 Acres

Acres 0.63

Property Description

84-88 Academy St: Currently brings in $11,100 monthly. The five units in 84 Academy are making a total of $6900, the two bedrooms downstairs are $1500 each, and the upstairs one-bedrooms are rented for $1300 each. The back house is still empty. In the triplex of 88 Academy, the two-bedroom makes $1600, and the one-bedrooms upstairs is rented for $1400 and $1200. Three buildings are being offered and sold together as one package with nine units. This listing comprises one single-family residence (the single-family and five-family buildings require TLC) with five bedrooms, two full baths, its own utility meter, and oil for heating. A five-family building with two two-bedroom units on the main level and three one-bedroom units on the top level, including access to a finished attic space in the hallway. Each unit has electric baseboard heat and five utility meters. Also included is a triplex with a beautifully renovated two-bedroom unit on the main level (the tenant pays the common area charges) and two one-bedroom units on the top level. The triplex has brand-new ductless AC units for heat and AC. For the single and five-family residences, the landlord pays $14,668 for taxes ($1224 monthly), $485 for water quarterly/every three months, $38 per month for common area electricity, and $2080 annually for insurance. For the triplex, the landlord pays $8,232 for taxes ($686 monthly), $256 for water quarterly/every three months, and $1080 annually for insurance with no common area expense (tenant pays the common area). Close to Highway 17, schools, and local shops and amenities! Call today to schedule a private showing! The projected cap rate is 10-11%.

Location

State NY

County Sullivan

Rooms

Basement Bilco Door(s), Full, Unfinished

Interior

Heating Electric, Oil, Baseboard

Cooling Ductless, None

Fireplace N

Exterior

Garage Driveway, Off Street

Parking Type Driveway, Off Street

Garage No

Building

Lot Description Level, Part Wooded, Near Public Transit

Sewer Public Sewer

Water Public

Structure Type Frame

Schools

Elementary Schools Liberty Elementary School

Middle Schools Liberty Avenue Middle School

High Schools Liberty High Sch Acad-Newcomers

School District Liberty

Others

Senior Community No

Special Listing Condition None

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Listed by Keller Williams Realty • (845) 928-8000
Bought with MK Realty Inc

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Chaim Reich - Erealty Advisors

Salesperson | License ID: 10401360540

+1(718) 781-3616

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