$80,000
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4,024 SqFt
SOLD DATE : 05/20/2022
Key Details
Sold Price $80,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,024 sqft
Price per Sqft $19
MLS Listing ID S1391414
Sold Date 05/20/22
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $4,247
Lot Dimensions 63X133
Property Sub-Type Multi Family
Property Description
Now active on the market is a fully rented 3-unit home with long-time tenants, low maintenance cost and amazing cash flow! The home holds 8 bedrooms throughout the 3 units. This is a high-yield property that had recently received major CAPEX improvements and had all major repair work completed! The owners have also completed improvements including new porches and concrete drains. The in-place rents near $20k gross and a NOI of $13k, providing major substantial upside at market rents without a need for major improvements! One tenant pays for a full year of rent in advance at the currently discounted rate while other rents are substantially below market as well. This is a great chance to secure an investment property, generate additional income while living in a unit, or to maintain privacy while keeping your loved ones close. Schedule a tour with us today!
Location
State NY
County Herkimer
Area Little Falls-City-210900
Direction Route 5 To North Ann Street To E Monroe Street
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Hardwood, Varies
Fireplace No
Appliance Gas Water Heater
Exterior
Utilities Available Sewer Available, Water Available
Building
Lot Description Residential Lot
Story 2
Water Not Connected, Public
Level or Stories Two
Structure Type Wood Siding
Construction Status Existing
Schools
School District Little Falls
Others
Tax ID 114.60-4-34
Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan
Financing Cash
Special Listing Condition Standard
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Bought with MVAR NONMEMBER