8909 US-9
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8909 US-9
5 Unit Apartment Building $545,000 ($109,000/Unit) Chazy, NY 12921
Investment Highlights
- Waiting list for tenants room to increase profitability
- A lot of property and parking with great views of lake Champlain
- Well built easy to maintain
Executive Summary
Great investment opportunity for a fully occupied 5 unit apartment building. Easy to maintain property and very profitable.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| 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 (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| 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 | $545,000 | Apartment Style | Low Rise |
| Price Per Unit | $109,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Sale Conditions | Short Sale | Building Size | 6,000 SF |
| Gross Rent Multiplier | 9 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2000 |
| Property Subtype | Apartment |
| Price | $545,000 |
| Price Per Unit | $109,000 |
| Sale Type | Investment |
| Sale Conditions | Short Sale |
| Gross Rent Multiplier | 9 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 6,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2000 |
Amenities
- Ventilation - Venting
- Smoke Detector
Unit Amenities
- Dishwasher
- Heating
- Ceiling Fans
- Tile Floors
- Double Vanities
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Yard
- Deck
- Office
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $950.00 | 1,000 |
| Studios | 1 | $1,150 | 2,000 |
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PROPERTY TAXES
| Parcel Number | 093000-124-000-0001-006-002-0000 | Total Assessment | $200,000 |
| Land Assessment | $37,300 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $162,700 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
093000-124-000-0001-006-002-0000
Land Assessment
$37,300
Improvements Assessment
$162,700
Total Assessment
$200,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | c (commercial) |
| c (commercial) |
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8909 US-9
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