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14311 Route 9W

New Baltimore, NY 12124
  • $1,995,000
  • STATUS: ACTIVE
  • MLS #: 20221343
UPDATED: 59 min ago
$1,995,000
  • 0
    BEDS
  • 3.55
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1950
Area:

School Ratings & Info

School District:

Description

Sprawling 29 unit complex consisting of two adjacent parcels, 1037 Aquetuck is a 12 unit brick apartment building, fully rented and about 5 unitsare renovated along with a new roof. 14311 Route 9W is a +/- 2,500 square foot renovated 4 bedroom brick single family home and acompletely renovated 16 unit strip apartment complex (is currently a 28 room motel) but renovation starts January 15, 2022 and should becompleted by April 2022. The 12 unit apartment building has all electric motel style heating and ac, the home has a hot water boiler and the 16units that are under renovation will be brand new with heat/ac splits in each unit. There is lots of flat usable land for tenant enjoyment oradditional accessory buildings. See attached income and expense sheet. Property is being offered at $1,995,000 sold turn key as a 28 unitapartment complex with a single family home, rents for the 16 newly created apartments are projected in the sheet at a low fair market rate.Cap rate at asking price is 8.4% at current rents and projected rents. Listing agent is part owner.

Extras: 28 Room motel is in the process of being renovated into 16 apartments, renovation starts January 15, 2022. Buyer can purchase the propertynow AS-IS asking $1.6M. Listing agent is owner

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© 2022 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than Barbara Carter Team | Century 21 Alliance Realty Group are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated:2022-05-21T20:18:28.263
www.barbaracarterteam.com/homes/128706498
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14311 Route 9W New Baltimore, NY 12124

  • Price: $1,995,000
  • Status: ACTIVE
  • On Site: Days
  • Updated: 59 min ago
  • MLS #: 20221343
0
Beds
0
Baths
0
½ Baths
3.55
Acres
1950
Built
Neighborhood:
Greene
Area:
Greene
School District:
Rav-Coey-Selkirk
Property Description
Sprawling 29 unit complex consisting of two adjacent parcels, 1037 Aquetuck is a 12 unit brick apartment building, fully rented and about 5 unitsare renovated along with a new roof. 14311 Route 9W is a +/- 2,500 square foot renovated 4 bedroom brick single family home and acompletely renovated 16 unit strip apartment complex (is currently a 28 room motel) but renovation starts January 15, 2022 and should becompleted by April 2022. The 12 unit apartment building has all electric motel style heating and ac, the home has a hot water boiler and the 16units that are under renovation will be brand new with heat/ac splits in each unit. There is lots of flat usable land for tenant enjoyment oradditional accessory buildings. See attached income and expense sheet. Property is being offered at $1,995,000 sold turn key as a 28 unitapartment complex with a single family home, rents for the 16 newly created apartments are projected in the sheet at a low fair market rate.Cap rate at asking price is 8.4% at current rents and projected rents. Listing agent is part owner.

Extras: 28 Room motel is in the process of being renovated into 16 apartments, renovation starts January 15, 2022. Buyer can purchase the propertynow AS-IS asking $1.6M. Listing agent is owner
Exterior Features

Construction Masonry Driveway Blacktop Garage Parking Extras DrivewayLot-PavedOff Street Garage Type None Lot Features Landscaped Other Buildings Other/See Remarks Roof Asph Shingle Siding Brick

Interior Features

Appliances RangeRefrigerator Basement FullPartialSlab Floors CarpetCeramicHardwoodVinyl Heat Source Forced Air Heating Fuel Electric Hot Water Gas Kitchen Description Eat-In Plumbing Mixed

Property Features

Annual Income 282300 Annual Net 170093 Annual Taxes 23810 Assessed 569900 Electricity 200 AMPS Flood Plain No General Tax 8210 Listing Type Exclusive Right Lot Dimensions 3.55 ACRES Lot Site Hamlet/VillageSuburb Monthly Income 23525 Other Income 0 Owner Pays All Utilities School Tax 15600 Sewer Municipal Tenant Pays Rent Only Total Deposit 0 Total Taxes 24517 Type Multi-Unit Water Municipal

© 2022 by Hudson Valley Catskill Region MLS.
Listing # 20221343 provided courtesy of Gregory Berardi of Berardi Realty.
© 2022 by Hudson Valley Catskill Region MLS. All Rights Reserved. The data relating to real estate on this website comes in part from the IDX of the Hudson Valley Catskill Region MLS. Real estate listings held by brokerage firms other than Barbara Carter Team | Century 21 Alliance Realty Group are marked with IDX logo and the detailed information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated:2022-05-21T20:18:28.263
 
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Barbara Carter Team | Century 21 Alliance Realty Group
652 Route 299
Highland NY, 12528