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254 County Route 17, Moira, NY 12916

$415,000
Property Type: Residential Income Square Footage: 13,300 Lot Size (sq. ft.): 148,540 Status: Closed
Current Price: $415,000 List Date: 5/17/2021 Last Modified: 8/31/2024

Description

A multi family investor's dream! 14 fully occupied, identical two bedroom, one bathroom, one story apartments. Each unit is heated by its own Rinnai propane monitor heater, and has separately metered electric. Rents include lawn care, snow plowing, and garbage pickup. Great rental history, with plenty of room to grow the rent roll. At a 13% cap rate at current rents, with a strong cash flow, this would make for a great long term investment, with enormous upside potential!

More Information MLS# 173374

Location, Tax, and Legal

Tax Annual Amount: 11158 Tax Assessed Value: 350000 Deed Date: 2019-10-09

General Property Information

Number Of Buildings: 3 Number of Units: 7 Building Area Total: 13300 Year Built: 1998 Lot Size Acres: 3.41

Status Change Information

Status Change Timestamp: 2021-09-30 Buyer Financing: Commercial Loan Concessions Amount: 0 Major Change Timestamp: 2021-09-30T19:55:52Z Major Change Type: Status Change Under Contract Date: 2021-07-05 Close Date: 2021-09-30 Close Price: 415000

Appliances

Electric Oven: 1 Electric Range: 1 Electric Water Heater: 1 Refrigerator: 1

Construction Materials

Vinyl Siding: 1

Cooling

None: 1

Deed Details

Instrument: Deed Page: 5031 Volume: 2019

Electric

Net Meter: 1

Exterior Features

None: 1

Foundation Details

Slab: 1

Heating

Forced Air: 1 Oil: 1

Interior Features

Apartment: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Many Trees: 1

Parking Features

Driveway: 1 No Garage: 1 Unpaved: 1

Road Frontage Type

Public: 1

Roof

Asphalt: 1 Metal: 1

Sewer

Septic Tank: 1

Special Listing Conditions

Standard: 1

Utilities

Internet Available: 1 Separate Water Heater(s): 1

View

Neighborhood: 1 Trees/Woods: 1

Water Source

Well Drilled: 1

Income and Expenses

Gross Income: 97800 Lawn Care/Snow Removal Expense: 1800 Insurance Expense: 4800 Net Operating Income: 57491.92 Operating Expense: 1 Trash Expense: 3000

Unit One

Leased: No

Unit Two

Leased: No

Unit Three

Leased: No

Unit Five

Leased: No

Unit Six

Leased: No

Unit Seven

Leased: No

Unit Eight

Leased: No

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1

Contract Information

Current Price: $415,000 Sold Price: $415,000 Status: Closed Listing Contract Date: 2021-05-17 Property Sub Type: Apartment Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 254 Street Name: County Route 17 County: Franklin State: NY Postal Code: 12916 Subdivision Name: None MLS Area Major: Moira, Brushton, Dickinson, St Regis, Brandon Township: Moira School District: Brushton-Moira Parcel Number: 107.-2-8.100 Directions: From Malone, take State Route 11S approximately 10 miles to the jet in Moira, and turn right on to County Route 17 (Sayles Road.) Property will be on the right, at the corner of Sayles Road and Barrett Road. Additional address is 3 Barrett Road. There are three buildings altogether.

Unit Details

Number Of Units Leased: 14

Property Features

Appliances: Electric Oven; Electric Range; Electric Water Heater; Refrigerator Construction Materials: Vinyl Siding Cooling: None Electric: Net Meter Exterior Features: None Foundation Details: Slab Heating: Forced Air; Oil Interior Features: Apartment Listing Terms: Cash; Conventional Lot Features: Many Trees Parking Features: Driveway; No Garage; Unpaved Road Frontage Type: Public Roof: Asphalt; Metal Sewer: Septic Tank Special Listing Conditions: Standard Utilities: Internet Available; Separate Water Heater(s) View: Neighborhood; Trees/Woods Water Source: Well Drilled Showing Requirements: Appointment Only; Call Listing Agent
Listing Courtesy of Marshall Realty & Associates
IDX
Information deemed reliable but not guaranteed.