$500,000
Nassau, NY 12123
MLS# 202510664
Status: Closed
14 beds
1 / 85
Property Description
Amazing investment opportunity! Fantastic money maker - very unique! Most of the units have been rehabbed. 6 out of 8 rented. 2 were just recently rehabbed and vacant. FOUR, two unit apartment buildings, garage and shed. One acre parcel. Septic inspection done 4/2022 and all good! All tenants pay their own electric heat but for the 1st floor in the main house which is oil/forced hot air. Plenty of parking here on this sprawling lot. Don't miss out on this opportunity! Award winning East Greenbush schools. 15.3% CAP RATE. RENTS ARE: $1100, $1550, $850, $893, $700, $1050, 2 new rehabbed unit are 2 bedroom, could get $1,487 as per HUD fair market rents = $8,891 per month total income
Details
Maps
Documents
Contract Information
Status: Closed
Property Sub Type: Multi Family
Original List Price: 529900
Sold Price: $500,000
Current Price: $500,000
Listing Contract Date: 2025-01-14
List Price/SqFt: 85.82
Location
Street Number: 14
Street Name: Chatham
Street Suffix: Street
County: Rensselaer
State/Province: NY
Postal Code: 12123
City/Town (Mail): Nassau
Cross Street: Church St
Geo Lat: 42.51541
Geo Lon: -73.611027
Property Detail
Number Of Units Total: 8
Rooms Total: 32
Bedrooms Total: 14
Bathrooms Full: 8
Bathrooms Half: 1
Year Built: 1900
Garage Spaces: 4
Above Grade Finished Area: 6000
Above Grade Finished Area Source: Public Records
Below Grade Finished Area: 2000
Below Grade Finished Area Source: CRS
Living Area: 6000
Lot Size Dimensions: See diagram in pictures
Lot Size Acres: 1
Main Road Frontage: 61
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: Yes
Status Change Info
Status Change Date: 2025-09-03
Under Contract Date: 2025-07-18
Sold Date: 2025-09-03
Sold Price: $500,000
Sold Price/SqFt: 83.33
Financial Details
General Taxes: 3122
General Taxes Description: Actual
School Taxes: 6060
School Taxes Description: Actual
Village Taxes: 2048
Village Taxes Description: Actual
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 1st
Full Bath 4: 1st
Full Bath 5: 1st
Full Bath 6: 1st
Full Bath 7: 1st
Full Bath 8: 1st
Half Bath 1: 2nd
Non Member
Non Member Name: Karen Sheffer
Photos - the contractual owner of the photos
Photo Owner: Combination Ownership
Income And Expenses
Rental Income: 106692
Rental Income Description: Estimated
Total Income: 106692
Total Income Description: E
Insurance Expense: 3000
Insurance Expense Description: Estimated
Miscellaneous Expense: 800
Miscellaneous Expense Description: Estimated
Water Sewer Expense: 2600
Water Sewer Expense Desc.: Actual
Fuel Expense: 800
Net Operating Income: 60038
Parking Features
Parking Total: 25
Separate Utilities
Number Of Separate Electric Meters: 8
Unit Information
Number Of Refrigerators: 8
Number Of Stoves: 8
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: Main 1
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 1100
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: Main 2
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1550
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 7
Total Bedrooms MF Unit 2: 3
Total Full Baths MF Unit 2: 1
Total Half Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: Blue 1
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 850
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: Month To Month
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: Blue 2
Occupant Type MF Unit 4: Tenant
Monthly Rent MF Unit 4: 893
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: Month To Month
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: White 1
Occupant Type MF Unit 5: Tenant
Monthly Rent MF Unit 5: 700
Rent Desc. MF Unit 5: Actual
Lease Term MF Unit 5: Month To Month
Total Rooms MF Unit 5: 4
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: White 2
Occupant Type MF Unit 6: Vacant
Monthly Rent MF Unit 6: 1374
Rent Desc. MF Unit 6: Estimated
Total Rooms MF Unit 6: 4
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: Brown R
Occupant Type MF Unit 7: Tenant
Monthly Rent MF Unit 7: 1050
Rent Desc. MF Unit 7: Actual
Lease Term MF Unit 7: Month To Month
Total Rooms MF Unit 7: 5
Total Bedrooms MF Unit 7: 2
Total Full Baths MF Unit 7: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: Brown L
Occupant Type MF Unit 8: Vacant
Monthly Rent MF Unit 8: 1374
Rent Desc. MF Unit 8: Estimated
Lease Term MF Unit 8: Month To Month
Total Rooms MF Unit 8: 5
Total Bedrooms MF Unit 8: 2
Total Full Baths MF Unit 8: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Attic Features: Hatch
Basement: Full; Unfinished
Construction Materials: Vinyl Siding; Wood Siding
Cooling: None
Electric: 100 Amp Service
Exterior Features: None
Fireplace Features: Wood Burning Stove
Flooring: Carpet; Vinyl; Wood
Foundation Details: Block; Concrete Perimeter; Stone
Heating: Baseboard; Forced Air
Interior Features: Built-in Features; Vaulted Ceiling(s)
Levels: One; Two
Lot Features: Cleared; Level; Private; Road Frontage
Other Equipment: Fuel Tank(s)
Other Structures: Garage(s); Shed(s); Storage
Parking Features: Driveway; Off Street
Patio And Porch Features: Deck; Porch
Roof: Asphalt; Shingle
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Separate Utilities: Electric; Heat
Sewer: Septic Tank
Showing Requirements: 24 Hour Notice; Showing Service; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Electricity
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Maintenance Grounds; Management; Oil; Parking; Sewer; Snow Removal; Trash
Unit 2 Owner Furnish Features: Maintenance Grounds; Management; Parking; Sewer; Snow Removal; Trash; Water
Unit 2 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Owner Furnish Features: Maintenance Grounds; Management; Parking; Sewer; Snow Removal; Trash; Water
Unit 3 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Owner Furnish Features: Maintenance Grounds; Management; Parking; Sewer; Snow Removal; Trash; Water
Unit 4 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 5 Owner Furnish Features: Maintenance Grounds; Management; Parking; Sewer; Snow Removal; Trash; Water
Unit 5 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 6 Owner Furnish Features: Maintenance Grounds; Management; Parking; Sewer; Snow Removal; Trash; Water
Unit 6 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 7 Owner Furnish Features: Maintenance Grounds; Management; Parking; Sewer; Snow Removal; Trash; Water
Unit 7 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 8 Owner Furnish Features: Maintenance Grounds; Management; Parking; Sewer; Snow Removal; Trash; Water
Unit 8 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Tax Bills ProForma Rent Descriptions etc 
Listing Courtesy of Berkshire Hathaway Home Services Blake
Listing Agent: Melissa Hems
518-439-4943 |
518-439-4943 |
