Monticello, NY 12701,808-812-818-820 State Route 17B
Monticello, NY 12701,808-812-818-820 State Route 17B
Monticello, NY 12701,808-812-818-820 State Route 17B
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$1,700,000
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3.46 Acres Lot
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808-812-818-820 State Route 17B Monticello, NY 12701

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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

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!

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


Listed by MK Realty Inc

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Felicha Rosado

Agent | License ID: 10401354487

+1(631) 578-4307

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808-812-818-820 State Route 17B