808,812,818,820 Rte 17B, Monticello, NY 12701 | 808 State Route 17B
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808,812,818,820 Rte 17B, Monticello, NY 12701 808 State Route 17B
13 Unit Apartment Building $1,700,000 ($130,769/Unit) 7.78% Cap Rate Monticello, NY 12701
Investment Highlights
- Excellent Income Producing Property! Pro Forma has a Cap of Almost 9%!
- Most Units have been Recently Renovated and are in 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!
- Spacious Lot - 3.46 Acres
- It’s Located in the Prime Monticello Area!
Executive Summary
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.
A recent appraisal valued at $1.8 million!
WITH A PRO FORMA CAP RATE OF NEARLY 9%, THIS IS A FANTASTIC INVESTMENT OPPORTUNITY!
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!
Data Room Click Here to Access
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,700,000 | Apartment Style | Garden |
| Price Per Unit | $130,769 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.46 AC |
| Cap Rate | 7.78% | Building Size | 8,195 SF |
| No. Units | 13 | Average Occupancy | 85% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1951/2023 |
| Price | $1,700,000 |
| Price Per Unit | $130,769 |
| Sale Type | Investment |
| Cap Rate | 7.78% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.46 AC |
| Building Size | 8,195 SF |
| Average Occupancy | 85% |
| No. Stories | 3 |
| Year Built/Renovated | 1951/2023 |
Unit Amenities
- Heating
- Hardwood Floors
- Refrigerator
- Oven
- Yard
- Lawn
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Picnic Area
- Recycling
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 4689-017-0-0001-002-001 | Total Assessment | $326,100 (2023) |
| Land Assessment | $24,400 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $301,700 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4689-017-0-0001-002-001
Land Assessment
$24,400 (2023)
Improvements Assessment
$301,700 (2023)
Total Assessment
$326,100 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
-
Abraham Lowy - MK Realty Usa Inc.
(845) 782-0205
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808,812,818,820 Rte 17B, Monticello, NY 12701 | 808 State Route 17B
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