$269,898
Middleburgh, NY 12122
MLS# 202522591
6 beds
1 / 6
Property Description
Outstanding Investment Opportunity! This 5-unit multifamily property delivers a strong 10% Cash-on-Cash ROI with an NOI of $27,531. Situated on a corner lot, the property includes off-street parking for 5 vehicles and features four 1-bedroom units and one 2-bedroom unit--all separately metered with 100-amp circuit breakers. Newly installed Roof only 3-year-old. Located just 30 minutes from Albany, this is a prime commuter-friendly location with consistent rental income. Whether you're growing your portfolio or stepping into multifamily ownership, this asset is a smart addition. Don't miss your chance to own this cashflowing gem! See Proforma in Docs.
Details
Maps
Contract Information
Original List Price: 269898
List Price/SqFt: 81.49
Status: Active
Property Sub Type: Multi Family
List Price: $269,898
Current Price: $269,898
Listing Contract Date: 2025-07-28
Location
City/Town (Mail): Middleburgh
Street Number: 136
Street Name: Wells
Street Suffix: Avenue
County: Schoharie
State/Province: NY
Postal Code: 12122
Geo Lat: 42.599715
Geo Lon: -74.331888
Property Detail
Number Of Units Total: 5
Rooms Total: 16
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 3312
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: Public Records
Living Area: 3312
Lot Size Acres: 0.1
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 6
Bathrooms Full: 5
Year Built: 1960
Parcel, Tax, HOA
Parcel Number: 433801 106.15-7-9
Tax Annual Amount: 5757.77
Tax Section: 106.15
Total Taxes Description: Estimated
Tax Block: 7
Tax Lot: 9.000
School District: Middleburgh
Association Y/N: No
Directions & Remarks
Directions: Route 145 (Main Street) to Wells Ave.
Public Remarks: Outstanding Investment Opportunity! This 5-unit multifamily property
delivers a strong 10% Cash-on-Cash ROI with an NOI of $27,531. Situated on a corner lot,
the property includes off-street parking for 5 vehicles and features four 1-bedroom units and
one 2-bedroom unit--all separately metered with 100-amp circuit breakers.
Newly installed Roof only 3-year-old. Located just 30 minutes from Albany, this is a prime commuter-friendly location
with consistent rental income. Whether you're growing your portfolio or stepping into
multifamily ownership, this asset is a smart addition. Don't miss your chance to own this cashflowing gem! See Proforma in Docs.
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Electric
100 Amp Service: 1
Fencing
None: 1
Financial Details
General Taxes: 1752.59
General Taxes Description: Estimated
School Taxes: 3081.3
School Taxes Description: Estimated
Village Taxes: 923.88
Village Taxes Description: Estimated
Cooling
None: 1
Basement
Unfinished: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: 2nd
Full Bath 4: 3rd
Full Bath 5: 3rd
Lot Features
Corner Lot: 1
Construction Materials
Wood Siding: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
None: 1
Flooring
Carpet: 1
Hardwood: 1
Laminate: 1
Showing Requirements
24 Hour Notice: 1
Call Listing Agent: 1
Special Listing Conditions
Standard: 1
Roof
Metal: 1
Water Source
Public: 1
Foundation Details
Stone: 1
Heating
Electric: 1
Hot Water: 1
Oil: 1
Income And Expenses
Total Income: 42300
Total Income Description: Yearly
Insurance Expense: 3000
Oil Expense: 4269
Oil Expense Description: Actual
Water Sewer Expense: 1700
Net Operating Income: 27531
Fuel Cost Description
Fuel Cost: 4269
Parking Features
Parking Total: 6
Off Street: 1
Patio And Porch Features
Covered: 1
Levels
Two: 1
Security Features
Carbon Monoxide Detector(s): 1
Smoke Detector(s): 1
Separate Utilities
Electric: 1
Number Of Separate Electric Meters: 5
Tenant Pays
Cable TV: 1
Electricity: 1
Internet: 1
Window Features
Storm Window(s): 1
Unit Information
Number Of Refrigerators: 5
Number Of Stoves: 5
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Monthly Rent MF Unit 1: 750
Rent Desc. MF Unit 1: Actual
Total Rooms MF Unit 1: 3
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 1 Owner Furnish Features
Heat: 1
Hot Water: 1
Sewer: 1
Trash: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2
Monthly Rent MF Unit 2: 750
Rent Desc. MF Unit 2: Actual
Total Rooms MF Unit 2: 3
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Hot Water: 1
Sewer: 1
Trash: 1
Unit 2 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2
Monthly Rent MF Unit 3: 790
Rent Desc. MF Unit 3: Actual
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Unit 3 Owner Furnish Features
Heat: 1
Hot Water: 1
Sewer: 1
Trash: 1
Unit 3 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 3
Monthly Rent MF Unit 4: 795
Rent Desc. MF Unit 4: Actual
Total Rooms MF Unit 4: 3
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Unit 4 Owner Furnish Features
Hot Water: 1
Sewer: 1
Trash: 1
Unit 4 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 3
Monthly Rent MF Unit 5: 825
Rent Desc. MF Unit 5: Actual
Total Rooms MF Unit 5: 3
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Unit 5 Owner Furnish Features
Heat: 1
Hot Water: 1
Sewer: 1
Trash: 1
Unit 5 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Status Change Info
Status Change Date: 2025-07-28
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Unfinished
Construction Materials: Wood Siding
Cooling: None
Electric: 100 Amp Service
Exterior Features: None
Fencing: None
Flooring: Carpet; Hardwood; Laminate
Foundation Details: Stone
Heating: Hot Water; Oil
Levels: Two
Lot Features: Corner Lot
Parking Features: Off Street
Patio And Porch Features: Covered
Possession: At Closing
Roof: Metal
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Separate Utilities: Electric
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Call Listing Agent
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Internet
Window Features: Storm Window(s)
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Heat; Hot Water; Sewer; Trash
Unit 2 Owner Furnish Features: Hot Water; Sewer; Trash
Unit 2 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Owner Furnish Features: Heat; Hot Water; Sewer; Trash
Unit 3 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Owner Furnish Features: Hot Water; Sewer; Trash
Unit 4 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 5 Owner Furnish Features: Heat; Hot Water; Sewer; Trash
Unit 5 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Listing Courtesy of Coldwell Banker Prime Properties
Listing Agent: Brian J Ward
518-229-7355 | brian.ward@coldwellbankerprime.com
518-229-7355 | brian.ward@coldwellbankerprime.com