7,040 SqFt
7,040 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,040 sqft
Price per Sqft $41
MLS Listing ID 208545
Year Built 1948
Annual Tax Amount $6,960
Lot Size 0.550 Acres
Acres 0.55
Property Sub-Type Multi Family
Source Adirondack-Champlain Valley MLS
Property Description
At full occupancy the rent roll generates $4,550 per month and $54,600 in annual gross rental income. All leases are month-to-month, giving a new owner flexibility in future property management. Tenants are responsible for their own heat and hot water, helping limit owner-paid utility expenses.
Potential for future income growth based on market conditions. With an established rental history, varied apartment sizes, and tenant-paid utilities, the property offers a solid foundation for an investor seeking a multi-unit income property.
Location
State NY
County Essex
Direction At 4 corner intersection heading west into Elizabethtown , take a right and the large brick building is on your left.
Interior
Interior Features Apartment
Cooling None
Appliance Gas Cooktop, Oven, Refrigerator
Exterior
Parking Features Asphalt, Driveway, Parking Lot
View City
Street Surface Paved
Road Frontage State Road
Garage No
Building
Sewer Private Sewer
Water Public
Structure Type Brick
Schools
School District Boquet Valley Central School
Others
Senior Community No
Tax ID 55.84-1-20.100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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