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59 Oak Street, Plattsburgh, NY 12901

$540,000
Property Type: Residential Income Square Footage: 5,475 Status: Closed
Current Price: $540,000 List Date: 6/24/2016 Last Modified: 8/31/2024

Description

Excellent investment opportunity. 13 apartments all currently rented. All by 2 have been renovated; 2 are under rented. E-flow toilets in all the units, new roof & new siding. New electrical throughout. Fire alarm system in common areas and all apartments. Additional building on property offers many possibilities. Almost all windows have been replaced and most of the flooring is snap flooring. Most appliances still under warranty. Mix of 1 Bedroom & Studio apartments. Additional units rental rates can be found in agent remarks.

More Information MLS# 156871

Location, Tax, and Legal

Tax Annual Amount: 12675 Tax Assessed Value: 325000 Deed Date: 2014-11-19

General Property Information

Number Of Buildings: 1 Lot Size Dimensions: 60x108 Number of Units: 8 Building Area Total: 5475 Year Built: 1937 Garage YN: 1 Water Body Name: None Sign On Property YN: 1

Status Change Information

Status Change Timestamp: 2016-09-01 Buyer Financing: Conventional Concessions Amount: 0 Major Change Timestamp: 2016-09-01T14:37:48Z Major Change Type: Status Change Under Contract Date: 2016-06-26 Close Date: 2016-09-01 Close Price: 540000

Appliances

Electric Water Heater: 1

Basement

Full: 1 Unfinished: 1

Construction Materials

Vinyl Siding: 1

Cooling

None: 1

Deed Details

Instrument: 2014268486 Page: ----- Volume: -----

Documents Available

Deed: 1 Lead Paint: 1

Electric

Other: 1

Exemptions

No Exemptions: 1

Heating

Baseboard: 1 Electric: 1

Listing Terms

Cash: 1

Parking Features

Deck: 1

Patio And Porch Features

Porch: 1

Road Frontage Type

Public: 1

Roof

Composition: 1

Security Features

Security System: 1 Smoke Detector(s): 1

Special Listing Conditions

Standard: 1

Utilities

Internet Available: 1 Natural Gas Not Available: 1 Sewer Connected: 1 Water Connected: 1

View

Neighborhood: 1

Window Features

Double Pane Windows: 1 Vinyl Clad Windows: 1

Income and Expenses

Gross Income: 102000 Lawn Care/Snow Removal Expense: 400 Insurance Expense: 5000 Maintenance Expense: 3000 Net Operating Income: 75057 Operating Expense: 1 Other Expense: 4020 Trash Expense: 1848

Unit One

Unit #: 101 Actual Rent: 450 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 0

Unit Two

Unit #: 102 Actual Rent: 675 Bathrooms Full: 1 Beds Total: 1 Dishwasher: 1 Leased: Yes Range: 1 Total SqFt: 0

Unit Three

Unit #: 103 Actual Rent: 400 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 0

Unit Four

Unit #: 104 Actual Rent: 650 Bathrooms Full: 1 Beds Total: 1 Range: 1 Refrigerator: 1 Total SqFt: 0

Unit Five

Unit #: 105 Actual Rent: 575 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 0

Unit Six

Unit #: 200 Actual Rent: 675 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 0

Unit Seven

Unit #: 201 Actual Rent: 725 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 0

Unit Eight

Unit #: 202 Actual Rent: 725 Bathrooms Full: 1 Beds Total: 1 Leased: Yes Range: 1 Refrigerator: 1 Total SqFt: 0

Showing Requirements

24 Hour Notice: 1 Appointment Only: 1 Call Listing Agent: 1

Contract Information

Current Price: $540,000 Original List Price: 550000 Sold Price: $540,000 Status: Closed Listing Contract Date: 2016-06-24 Listing Agreement: Exclusive Right To Sell

Location Tax and Legal

Street Number: 59 Street Name: Oak Street Suffix: Street County: Clinton State: NY Postal Code: 12901 Subdivision Name: None MLS Area Major: City of Plattsburgh Township: City/Plattsbrgh School District: Plattsburgh Parcel Number: 207.15-6-12 Zoning: Commercial Directions: Head North on Oak Street; building is on the left. See sign.

Unit Details

Number Of Units Leased: 13

Property Features

Appliances: Electric Water Heater Basement: Full; Unfinished Construction Materials: Vinyl Siding Cooling: None Documents Available: Deed; Lead Paint Electric: Other Exemptions: No Exemptions Heating: Baseboard; Electric Listing Terms: Cash Parking Features: Deck Patio And Porch Features: Porch Road Frontage Type: Public Roof: Composition Security Features: Security System; Smoke Detector(s) Special Listing Conditions: Standard Utilities: Internet Available; Natural Gas Not Available; Sewer Connected; Water Connected View: Neighborhood Window Features: Double Pane Windows; Vinyl Clad Windows Unit One: Range; Refrigerator Unit Two: Dishwasher; Range Unit Three: Range; Refrigerator Unit Four: Range; Refrigerator Unit Five: Range; Refrigerator Unit Six: Range; Refrigerator Unit Seven: Range; Refrigerator Unit Eight: Range; Refrigerator Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent
Listing Courtesy of Century 21 The One
IDX
Information deemed reliable but not guaranteed.