86-88 Main St

4 Unit Apartment Building $190,000 ($47,500/Unit) Whitehall, NY 12887

EXECUTIVE SUMMARY

Opportunity to own a centerpiece commercial mixed-use building in the heart of downtown Whitehall. Fantastic investment opportunity w/13% cash on cash return at the gateway to Lake Champlain. This 3-story 12,000 sf brick building overlooks the canal w/fantastic views. Apartments are fully rented w/an annual income of $29,400. Great opportunity for small business owner as store-front is currently vacant. The retail space is over 4,000 sf. The largest unit is on the top flr & used to be part of a theater - it needs your vision & complete gut & offers soaring ceilings & exposed brick walls w/views of the boats passing through the canal. This could be an incredible owner-occupied unit or AIRBNB rental. Amtrak station 2 blocks away to Montreal or NYC. Property sold As-Is

PROPERTY FACTS Under Contract

Price $190,000
Price Per Unit $47,500
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.09 AC
Building Size 12,057 SF
No. Stories 3
Year Built 1950
Parking Ratio 0.49/1,000 SF

SITE AMENITIES

  • Waterfront

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 4 - -

PROPERTY TAXES

ZONING

Zoning Code Mixed (Mixed)
  • Listing ID: 34257815

  • Date on Market: 12/20/2024

  • Last Updated:

  • Address: 86-88 Main St, Whitehall, NY 12887