808-812-818-820 State Route 17B Monticello, NY 12701
3.46 Acres Lot
UPDATED:
12/17/2024 08:13 PM
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEYH6334685
Originating Board onekey2
Rental Info No
Year Built 1951
Annual Tax Amount $10,000
Lot Size 3.460 Acres
Acres 3.46
Property Description
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 County
Rooms
Basement Full
Interior
Heating Electric, Oil, Propane, Baseboard, ENERGY STAR Qualified Equipment, Forced Air, Hot Water, Radiant
Cooling Individual Units
Fireplace No
Appliance Electric Water Heater, Oven, Refrigerator
Exterior
Parking Features Common, Parking Lot, Off Street, Private
Utilities Available Trash Collection Private
Building
Lot Description Near School, Near Shops, Wooded
Sewer Septic Tank
Water Drilled 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
Special Listing Condition None