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84-88 Academy ST Liberty, NY 12754
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Key Details
Sold Price $715,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID KEYH6260283
Sold Date 04/10/24
Originating Board onekey2
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%. Additional Information: HeatingFuel:Oil Above Ground,
Location
State NY
County Sullivan County
Rooms
Basement Bilco Door(s), Full, Unfinished
Interior
Heating Electric, Oil
Cooling Ductless, None
Fireplace No
Appliance Electric Water Heater
Exterior
Garage Driveway, Off Street
Utilities Available Trash Collection Public
Parking Type Driveway, Off Street
Building
Lot Description Level, Near Public Transit, Near School, Near Shops, Part Wooded
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Liberty Elementary School
Middle Schools Liberty Avenue Middle School
High Schools Liberty High School (Grades 9-12)
School District Liberty
Others
Special Listing Condition None
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Bought with MK Realty Inc