$660,000
Sand Lake, NY 12018
MLS# 202226441
Status: Closed
15 beds
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1 / 39
Property Description
Calling all investors! Grow your portfolio with this RARE solid, brick 9-unit apartment building in Averill Park schools. Private location with almost an acre and a half of land giving a peaceful view and large back yard. This building sits tucked away at the back corner of a quiet neighborhood, located just minutes from AP High School. Many quality long term tenants, who are paid up to date. 100% occupancy, and always with high renter demand. Cash Flow as-is, and room to raise the rents for even higher return. Unit mix: (8) 2-bedrooms, (1) 1-bedroom. Separate utilities: tenants pay electric, heat, & hot water. TWO Coin operated laundry rooms for additional income. Plenty of parking in front and back lot to fit ~10+ cars. An opportunity like this doesn't come on the market every day!
Details
Maps
Documents
Contract Information
Original List Price: 649900
List Price/SqFt: 99.07
Status: Closed
Property Sub Type: Multi Family
Sold Price: $660,000
Current Price: $660,000
Listing Contract Date: 2022-09-12
Location
City/Town (Mail): Averill Park
Street Number: 32
Street Name: Clearview
Street Suffix: Road
County: Rensselaer
State/Province: NY
Postal Code: 12018
Geo Lat: 42.638292
Geo Lon: -73.569226
Property Detail
Number Of Units Total: 9
Rooms Total: 35
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 6560
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 0
Living Area: 6560
Lot Size Acres: 1.43
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 15
Bathrooms Full: 9
Year Built: 1970
Status Change Info
Sold Price/SqFt: 100.61
Status Change Date: 2022-11-29
Under Contract Date: 2022-09-15
Sold Date: 2022-11-29
Sold Price: $660,000
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 384000 147.4-1-55
Tax Annual Amount: 13389
Tax Section: 147.04
Total Taxes Description: Actual
Tax Block: 1
Tax Lot: 55.000
School District: Averill Park
High School: Averill Park
Association Y/N: No
Directions & Remarks
Directions: From I-90, take exit 8 toward Defreestville. Continue East on Route 43 for ~8 miles and take a Right onto Clearview Rd. Building on the left. No sign.
Public Remarks: Calling all investors! Grow your portfolio with this RARE solid, brick 9-unit apartment building in Averill Park schools. Private location with almost an acre and a half of land giving a peaceful view and large back yard. This building sits tucked away at the back corner of a quiet neighborhood, located just minutes from AP High School. Many quality long term tenants, who are paid up to date. 100% occupancy, and always with high renter demand. Cash Flow as-is, and room to raise the rents for even higher return. Unit mix: (8) 2-bedrooms, (1) 1-bedroom. Separate utilities: tenants pay electric, heat, & hot water. TWO Coin operated laundry rooms for additional income. Plenty of parking in front and back lot to fit ~10+ cars. An opportunity like this doesn't come on the market every day!
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Electric
200+ Amp Service: 1
Financial Details
General Taxes: 4572
General Taxes Description: Actual
School Taxes: 8816
School Taxes Description: Actual
Cooling
Window Unit(s): 1
Basement
Apartment: 1
Walk-Out Access: 1
Bath Levels
Full Bath 1: Basement
Full Bath 2: Basement
Full Bath 3: Basement
Full Bath 4: 1st
Full Bath 5: 1st
Full Bath 6: 1st
Full Bath 7: 2nd
Full Bath 8: 2nd
Full Bath 9: 2nd
Lot Features
Cleared: 1
Private: 1
Construction Materials
Block: 1
Brick: 1
Door Features
Sliding Doors: 1
Possession
At Closing: 1
Subject To Tenant Rights: 1
Exterior Features
Garden: 1
Flooring
Carpet: 1
Vinyl: 1
Showing Requirements
24 Hour Notice: 1
Agent to Accompany: 1
No Sign: 1
Occupied: 1
Showing Service: 1
Special Listing Conditions
Standard: 1
Roof
Asphalt: 1
Shingle: 1
View
Forest: 1
Foundation Details
Block: 1
Brick/Mortar: 1
Type of Well
Drilled: 1
Heating
Baseboard: 1
Electric: 1
Income And Expenses
Rental Income: 94800
Rental Income Description: Yearly
Electric Expense: 3000
Electric Expense Description: Actual
Total Income: 97200
Total Income Description: Est
Insurance Expense: 3875
Insurance Expense Description: Actual
Water Sewer Expense: 3600
Water Sewer Expense Desc.: Actual
Net Operating Income: 55490
Interior Features
Paddle Fan: 1
Wall Paneling: 1
Parking Features
Parking Total: 10
Driveway: 1
Patio And Porch Features
Patio: 1
Porch: 1
Separate Utilities
Electric: 1
Heat: 1
Water Heater: 1
Number Of Separate Electric Meters: 10
Tenant Pays
Electricity: 1
Heat: 1
Hot Water: 1
Internet: 1
Unit Information
Number Of Dishwashers: 9
Number Of Dryers: 2
Number Of Refrigerators: 9
Number Of Stoves: 9
Number Of Washers: 2
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: B Right
Unit Available MF Unit 1: MTM
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 875
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Unit 1 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 1 Includes
Bathroom: 1
Dishwasher: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: B Middle
Unit Available MF Unit 2: Lease
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 693
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: 12 Months
Total Rooms MF Unit 2: 3
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 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: B Left
Unit Available MF Unit 3: MTM
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 900
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: 2
Total Full Baths MF Unit 3: 1
Unit 3 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 3 Includes
Bathroom: 1
Dishwasher: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 1 Left
Unit Available MF Unit 4: Eviction
Occupant Type MF Unit 4: Tenant
Monthly Rent MF Unit 4: 870
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: None
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Unit 4 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 4 Includes
Bathroom: 1
Dishwasher: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 1 Middle
Unit Available MF Unit 5: ERAP
Occupant Type MF Unit 5: Tenant
Monthly Rent MF Unit 5: 870
Rent Desc. MF Unit 5: Actual
Lease Term MF Unit 5: None
Total Rooms MF Unit 5: 4
Total Bedrooms MF Unit 5: 2
Total Full Baths MF Unit 5: 1
Unit 5 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 5 Includes
Bathroom: 1
Dishwasher: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 1 Right
Unit Available MF Unit 6: MTM
Occupant Type MF Unit 6: Tenant
Monthly Rent MF Unit 6: 930
Rent Desc. MF Unit 6: Actual
Lease Term MF Unit 6: Month To Month
Total Rooms MF Unit 6: 4
Total Bedrooms MF Unit 6: 2
Total Full Baths MF Unit 6: 1
Unit 6 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 6 Includes
Bathroom: 1
Dishwasher: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 2 Left
Unit Available MF Unit 7: MTM
Occupant Type MF Unit 7: Tenant
Monthly Rent MF Unit 7: 930
Rent Desc. MF Unit 7: Actual
Lease Term MF Unit 7: Month To Month
Total Rooms MF Unit 7: 4
Total Bedrooms MF Unit 7: 2
Total Full Baths MF Unit 7: 1
Unit 7 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 7 Includes
Bathroom: 1
Dishwasher: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 2 Middle
Unit Available MF Unit 8: MTM
Occupant Type MF Unit 8: Tenant
Monthly Rent MF Unit 8: 1832
Rent Desc. MF Unit 8: Actual
Lease Term MF Unit 8: Month To Month
Total Rooms MF Unit 8: 4
Total Bedrooms MF Unit 8: 2
Total Full Baths MF Unit 8: 1
Unit 8 Owner Furnish Features
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 8 Includes
Bathroom: 1
Dishwasher: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Apartment; Walk-Out Access
Construction Materials: Block; Brick
Cooling: Window Unit(s)
Door Features: Sliding Doors
Electric: 200+ Amp Service
Exterior Features: Garden
Flooring: Carpet; Vinyl
Foundation Details: Block; Brick/Mortar
Heating: Baseboard
Interior Features: Paddle Fan; Wall Paneling
Lot Features: Cleared; Private
Parking Features: Driveway
Patio And Porch Features: Patio; Porch
Possession: At Closing; Subject To Tenant Rights
Roof: Asphalt; Shingle
Separate Utilities: Electric; Heat; Water Heater
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Agent to Accompany; No Sign; Occupied; Showing Service
Special Listing Conditions: Standard
Tenant Pays: Electricity; Heat; Hot Water; Internet
View: Forest
Type of Well: Drilled
Unit 1 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 2 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 2 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 3 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 4 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Stove
Unit 5 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 5 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Stove
Unit 6 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 6 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Stove
Unit 7 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 7 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Stove
Unit 8 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 8 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Stove
Proforma 
Listing Courtesy of KW Platform
Listing Agent: Adam P Nye
518-560-0050 | nyeproperties@kw.com
518-560-0050 | nyeproperties@kw.com
