39-41 Hillside AVE new Save Request In-Person Tour Request Virtual Tour
Monticello,NY 12701
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY811928
Originating Board onekey2
Rental Info No
Year Built 1980
Annual Tax Amount $8,110
Lot Size 0.620 Acres
Acres 0.62
Property Description
Introducing an exceptional investment opportunity at 39-41 Hillside Ave in Monticello, designed for savvy investors and forward-thinking developers alike! This remarkable property boasts 7 units, with 6 of these units undergoing extensive and stylish renovations in 2024, ensuring they meet the contemporary demands of today's renters. These upgraded units are currently generating a robust annual rental income of $82,764, showcasing not only the property's immediate profitability but also its potential for future growth. In addition to the impressive rental income and value-add opportunity, there's an exciting option to acquire the neighboring lot for just $350,000! This parcel holds the potential for constructing 7 condos on these lots, paving the way for substantial future returns in a growing area. Monticello is on an upward trajectory, making this the perfect moment to invest in a property with both immediate cash flow and long-term appreciation potential.
The combination of a strong rental market, strategic location, and the possibility of expansion makes this property a standout choice for those looking to make a meaningful impact in the Monticello real estate landscape. Don't miss out on this lucrative opportunity—seize the chance to invest in your future today!
Location
State NY
County Sullivan County
Interior
Heating Baseboard,Electric
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Freezer,Oven,Refrigerator
Exterior
Parking Features Driveway
Utilities Available Electricity Connected
Total Parking Spaces 7
Building
Lot Description Back Yard
Story 2
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools George L Cooke School
Middle Schools Robert J Kaiser Middle School
High Schools Monticello High School
School District Monticello
Others
Special Listing Condition None