$950,000
Other, NY 12701
MLS# 22-1629
Status: Closed
7440 sqft
1 / 35
Property Description
Exceptional Investment opportunity for a savvy investor ready to move quickly. In the past 3 years more than 500 k invested in full renovations (Framing, flooring, roofing, new electric, new electric meters, plumbing, appliances, & new parking paving)! Time to Invest in a turnkey property with very low taxes. 2 residential buildings, housing a 4 unit of 2 Bedroom apartments and one bath each & a 2 building has 2 floors with 3 Bedroom apartments and 1 bath in each. Bright, comfortable apartments walking distance to NYC bus line. Casino & racetrack only 8 minutes away. Close to laundry mat, government center, shopping centers & more. Solid income & renters. Property management is available to negotiate separately. A clean, sweet investment. Act today, this has interest and offers already., Baths: Y
Details
Location, Tax, and Legal
Street Additional Info: 79 High St, Monticello, NY 12701
Municipality: Other
High School District: Other See Remarks
Cnty&Muni Taxes (Legacy): 0
School Tax Amount: 0
Tax Annual Amount: 4750
Parcel Number: 4601-106-0-0004-005-000
Zoning Description: Residential
Tax Book Number: 0
General Property Information
Number Of Buildings: 2
Number Of Units Total: 6
Lot Size Acres: 0.18
Water Body Name: None
Parking Total: 12
Basement YN: Yes
Stories: 2
List Price/SqFt: 157.26
Sold Price/SqFt: 127.69
Living Area: 7440
Year Built: 1949
Remarks and Miscellaneous
Public Remarks: Exceptional Investment opportunity for a savvy investor ready to move quickly. In the past 3 years more than 500 k invested in full renovations (Framing, flooring, roofing, new electric, new electric meters, plumbing, appliances, & new parking paving)! Time to Invest in a turnkey property with very low taxes. 2 residential buildings, housing a 4 unit of 2 Bedroom apartments and one bath each & a 2 building has 2 floors with 3 Bedroom apartments and 1 bath in each. Bright, comfortable apartments walking distance to NYC bus line. Casino & racetrack only 8 minutes away. Close to laundry mat, government center, shopping centers & more. Solid income & renters. Property management is available to negotiate separately. A clean, sweet investment. Act today, this has interest and offers already., Baths: Y
Status Change Information
Concessions: No
Buyer Financing: Cash
Concessions Amount: 0
Major Change Timestamp: 2022-11-23T19:54:36Z
Major Change Type: Status Change
Purchase Contract Date: 2022-08-03
Close Date: 2022-11-23
Close Price: 950000
Construction Materials
Vinyl Siding: 1
Wood Siding: 1
Cooling
None: 1
Heating
Baseboard: 1
Electric: 1
Hot Water: 1
Propane: 1
Listing Terms
Cash: 1
Conventional: 1
Oil, Gas and Mineral Rights
Gas Rights Reserved: None
Parking Features
Paved: 1
Possession
Negotiable: 1
Road Surface Type
Paved: 1
Roof
Flat: 1
Security Features
Smoke Detector(s): 1
Water Source
Public: 1
Income and Expenses
Gross Income: 100500
Insurance Expense: 2260
Licenses Expense: 93730
New Taxes Expense: 4750
Water Expense: 1200
Unit 1
Unit #: 1
Actual Rent: 1300
Baths Total: 1
Beds Total: 2
Rooms Total: 4
Occupied YN: Yes
Unit 2
Unit #: 2
Actual Rent: 1300
Baths Total: 1
Beds Total: 2
Rooms Total: 5
Occupied YN: Yes
Unit 3
Actual Rent: 1300
Baths Total: 1
Beds Total: 2
Rooms Total: 5
Occupied YN: Yes
Unit 4
Unit #: 4
Actual Rent: 1300
Baths Total: 1
Beds Total: 2
Rooms Total: 5
Occupied YN: Yes
Unit 5
Actual Rent: 1900
Baths Total: 1
Beds Total: 3
Rooms Total: 6
Occupied YN: Yes
Unit 6
Unit #: 6
Actual Rent: 1900
Baths Total: 1
Beds Total: 3
Rooms Total: 6
Occupied YN: Yes
Contract Information
Current Price: $950,000
Sold Price: $950,000
Status: Closed
Listing Contract Date: 2022-05-07
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 79
Street Name: High
Street Suffix: Street
County: Other
State: NY
Postal Code: 12701
Subdivision Name: None
Property Features
Construction Materials: Vinyl Siding; Wood Siding
Cooling: None
Heating: Baseboard; Electric; Hot Water; Propane
Listing Terms: Cash; Conventional
Parking Features: Paved
Possession: Negotiable
Road Surface Type: Paved
Roof: Flat
Security Features: Smoke Detector(s)
Water Source: Public
Supplements
Owner will consider partial financing.
Listing Courtesy of Davis R. Chant - Milford
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