EXCELLENT INCOME-PRODUCING PROPERTY! - 4 BUILDINGS - 13 UNITS - 100% OCCUPIED!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!
Bedroom: 22 Full Bath: 13
Lot Size: 3.46 Lot Sq Ft: 150718 Approx. Int. Sq. Ft.: 8195.00 Parking Spaces: Yes Parking Facilities: Common, Parking Lot, Off Street, Private
Heat: Electric, Oil, Propane, Baseboard, ENERGY STAR Qualified Equipment, Forced Air, Hot Water, Radiant A/C: Individual Units Water: Drilled Well Sewer: Septic Tank
Taxes: $10,000 Maintenance: $8,172
School District: Kenneth L Rutherford School
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