808 State Route 17B - Apartments FOR SALE


Monticello, NY 12701
$1,700,000 USD
845-782-0205
808 State Route 17B, Monticello, NY for Sale
$1,700,000 USD
Apartments - FOR SALE
1/30
null | 7.89% Cap Rate

808 State Route 17B
Monticello, NY 12701


HIGHLIGHTS

  • Excellent Income Producing Property! Pro Forma has a Cap of Almost 9%!
  • Recent Appraisal Valued at $1.8 Million!
  • Most Units have been Recently Renovated and are in Excellent Condition!
  • Spacious Lot - 3.46 Acres
  • The Property Offers Significant Potential for Additional Income, Including Options to Separate Utilities and Add More Units!
  • It’s Located in the Prime Monticello Area!

OVERVIEW

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. A recent appraisal valued at $1.8 million! WITH A PRO FORMA CAP RATE OF NEARLY 9%, THIS IS A FANTASTIC INVESTMENT OPPORTUNITY!

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$207 USD /SF

# OF UNITS

13

PRICE/UNIT

$130,769

CAP RATE

7.89%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

808,812,818,820 Rte 17B, Monticello, NY 12701

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1951

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.46 AC

LAND SF

150,718 SF

ZONING

-

APN/PARCEL ID

4689-017-0-0001-002-001

ASK ABOUT THIS PROPERTY

Abraham LowyMK Realty Usa Inc.More Info
845-782-0205

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Abraham LowyMK Realty Usa Inc.More Info
845-782-0205

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.