Real Broker, LLC.
Ayres DCunha, Real Broker, LLC.Phone: (917) 620-1671
Email: [email protected]
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listing
1 of 35
MultifamilyFor Sale
$1,700,000
808-812-818-820 State Route 17B
Monticello, NY 12701
Listed by: MK Realty Inc, 845-782-0205
MLS: OneKey MLS
22Beds
13Baths
8,195Sq Ft
Est. Mortgage
$8,875/mo

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. With a pro forma cap rate of nearly 9%, this is a fantastic investment opportunity!

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Information courtesy of MK Realty Inc is subject to verification and is not guaranteed.
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