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Bobby Gellert

[email protected] +1(914) 215-4307

$ 1,700,000

Est. payment -/mo

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808-812-818-820 State Route 17B Monticello, NY 12701

22 Beds

13 Baths

8,195 SqFt

UPDATED:

10/31/2024 05:37 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,195 sqft

Price per Sqft $207

MLS Listing ID H6334685

Bedrooms 22

Full Baths 13

Originating Board onekey

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! 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

Rooms

Basement Full

Interior

Heating Electric, Oil, Propane, Baseboard, ENERGY STAR Qualified Equipment, Forced Air, Hot Water

Cooling Zoned

Fireplace No

Exterior

Garage Common, Parking Lot, Off Street, Private

Waterfront Description Water Access

Parking Type Common, Parking Lot, Off Street, Private

Garage false

Building

Lot Description Wooded

Sewer Septic Tank

Water 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

Senior Community No

Special Listing Condition None

Listed by MK Realty Inc • 845-782-0205

Bobby Gellert

License ID: 49GE1011364

+1(914) 215-4307

Bobby Gellert

808-812-818-820 State Route 17B Monticello, NY 12701

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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808-812-818-820 State Route 17B