86-88 Main St
4 Unit Apartment Building $190,000 ($47,500/Unit) Whitehall, NY 12887
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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 | - | - |
1 of 1
PROPERTY TAXES
Parcel Number | 535201-051-017-0004-017-000-0000 | Improvements Assessment | $100,600 |
Land Assessment | $8,800 | Total Assessment | $109,400 |
ZONING
Zoning Code | Mixed (Mixed) |