$233,000
Broadalbin, NY 12025
MLS# 202315425
Status: Closed
3.1 baths | 4000 sqft
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Property Description
14+% cap rate! Investment opportunity awaits with this 4 door building with 2 office/retail spaces and 2 apartments. Many recent building updates completed including BRAND NEW front awning, brand new electric meters & panels. All 4 are separately metered. All units are appx 1,000 sq ft each. Both apartments offer 2 beds 1 bath, both recently updated with new carpeting, and one apartment was totally updated with a brand new kitchen with beautiful shaker-style cabinets, new countertops & sink, as well as new flooring. Both office spaces feature Central Air conditioning, and one of the office spaces has also been recently updated with a full kitchen, full bath, and new carpeting. Seller currently pays for water & sewer. Low tax bills and steady rental history!
Details
Maps
Contract Information
Status: Closed
Property Sub Type: Mixed Use
Original List Price: 299900
Sold Price: $233,000
Listing Contract Date: 2023-04-25
Current Price: $233,000
List Price/SqFt: 63
Sold Price/SqFt: 58.25
List Price/Acres: 2520000
Sold Price/Acres: 2330000
Location
Street Number: 22
Street Direction Prefix: N
Street Name: Main
Street Suffix: Street
County: Fulton
State/Province: NY
Postal Code: 12025
City/Town (Mail): Broadalbin
Geo Lat: 43.059516
Geo Lon: -74.196354
Property Detail
Year Built: 1970
Stories: 2
Bathrooms Total: 3.1
Lot Size Square Feet: 4000
Zoning: Commercial
Lot Size Dimensions: 41x110
Lot Size Acres: 0.1
Building Area Total: 4000
Building Available SQFT: 4000
Main Road Frontage: 35
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: No
Building Detail
Office Total SQFT: 2000
Office Available SQFT: 1000
Non Member
Non Member Name: Buyer unrepresented
Status Change Info
Status Change Date: 2024-03-04
Under Contract Date: 2024-02-24
Sold Date: 2024-03-04
Sold Price: $233,000
Property Features
Architectural Style: Apartments; Mixed Use; Office; Retail
Basement: Full; Unfinished
Construction Materials: Brick
Cooling: Central Air; Window Unit(s)
Current Use: Retail
Electric: 200+ Amp Service
Flooring: Carpet; Vinyl
Heating: Baseboard
Possible Use: Apartment Plus; Office/Retail
Roof: Metal; Rubber
Sale Includes: Building & Land
Sewer: Public Sewer
Showing Requirements: Agent to Accompany; Restricted Days; Showing Service
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Internet
Water Source: Public
Listing Courtesy of Oxford Property Group USA
Listing Agent: Stefanie Waldron
518-309-4455 |
518-309-4455 |
