$233,000
Broadalbin, NY 12025
MLS# 202315425
Status: Closed
3.1 baths | 4000 sqft
1 / 40
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
Original List Price: 299900
List Price/SqFt: 63
Sold Price/SqFt: 58.25
List Price/Acres: 2520000
Sold Price/Acres: 2330000
Status: Closed
Property Sub Type: Mixed Use
Sold Price: $233,000
Listing Contract Date: 2023-04-25
Current Price: $233,000
Location
City/Town (Mail): Broadalbin
Street Number: 22
Street Direction Prefix: N
Street Name: Main
Street Suffix: Street
County: Fulton
State/Province: NY
Postal Code: 12025
Geo Lat: 43.059516
Geo Lon: -74.196354
Property Detail
Stories: 2
Parking Y/N: No
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
Year Built: 1970
Bathrooms Total: 3.1
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 137.15-3-17
Tax Annual Amount: 4309
Tax Section: 137
Total Taxes Description: Estimated
Tax Block: 3
Tax Lot: 17
School District: Broadalbin-Perth
Association Y/N: No
Directions & Remarks
Directions: From Saratoga - heading West on Route 29, take a right onto Saratoga Ave (shortly after passing Project 29 Pub). Continue right onto Bridge St, stay to the right at the triangle. Building will be on your right.
Public Remarks: 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!
Sewer
Public Sewer: 1
Current Use
Retail: 1
Architectural Style
Apartments: 1
Mixed Use: 1
Office: 1
Retail: 1
Electric
200+ Amp Service: 1
Cooling
Central Air: 1
Window Unit(s): 1
Basement
Full: 1
Unfinished: 1
Building Detail
Office Total SQFT: 2000
Office Available SQFT: 1000
Construction Materials
Brick: 1
Non Member
Non Member Name: Buyer unrepresented
Flooring
Carpet: 1
Vinyl: 1
Showing Requirements
Agent to Accompany: 1
Restricted Days: 1
Showing Service: 1
Special Listing Conditions
Standard: 1
Roof
Metal: 1
Rubber: 1
Water Source
Public: 1
Heating
Baseboard: 1
Electric: 1
Parking Features
Parking Total: 0
Possible Use
Apartment Plus: 1
Office/Retail: 1
Sale Includes
Building & Land: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Internet: 1
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 |
