86-88 Main St
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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
| Price | $190,000 | Building Class | C |
| Price Per Unit | $47,500 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 12,057 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 0.49/1,000 SF |
| Apartment Style | Low Rise |
| 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 | - | - |
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PROPERTY TAXES
| Parcel Number | 535201-051-017-0004-017-000-0000 | Improvements Assessment | $100,600 |
| Land Assessment | $8,800 | Total Assessment | $109,400 |
PROPERTY TAXES
Parcel Number
535201-051-017-0004-017-000-0000
Land Assessment
$8,800
Improvements Assessment
$100,600
Total Assessment
$109,400
zoning
| Zoning Code | Mixed (Mixed) |
| Mixed (Mixed) |
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86-88 Main St
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