$500,000
Mechanicville, NY 12118
MLS# 28113269
Status: Closed
25000 sqft
1 / 3
Property Description
15 Residential - 6 Commercial Units generate $135K annually; Tenants pay utilities, Landlord pays heat. Tenants secured by written lease agreements. Great cash flow; nice return. Call LBO for Inc/Exp. report. Owner financing available for qualified buyer with minimum 15% down.
Details
Maps
Contract Information
Original List Price: 590000
Offered Lease/Sqft: 20
List Price/SqFt: 23.6
Sold Price/SqFt: 20
List Price/Acres: 1966666.67
Sold Price/Acres: 1666666.67
Status: Closed
Property Sub Type: Mixed Use
Sold Price: $500,000
Listing Contract Date: 2008-06-25
Current Price: $500,000
Location
City/Town (Mail): Mechanicville
Street Number: 42-44
Street Name: N MAIN
Street Suffix: Street
County: Saratoga
State/Province: NY
Postal Code: 12118
Geo Lat: 42.903946
Geo Lon: -73.685148
Property Detail
Stories: 3
Lot Size Square Feet: 14000
Zoning: Commercial
Lot Size Dimensions: 137' x 103'
Lot Size Acres: 0.3
Building Area Total: 25000
Building Available SQFT: 500
Main Road Frontage: 137
Enhanced Accessible Y/N: Yes
Year Built: 1913
Parcel, Tax, HOA
Parcel Number: 411000 262.62-1-.18
FIPS Code: 36091
Tax Annual Amount: 20000
Tax Section: 262.62
Total Taxes Description: Estimated
Tax Block: 1
Tax Lot: .18
Association Y/N: No
Directions & Remarks
Directions: Rt 146 to McVille; Rt on Park Av (McDonalds); Lf on No. Main St; property on right just north of City Hall
Public Remarks: 15 Residential - 6 Commercial Units generate $135K annually; Tenants pay utilities, Landlord pays heat. Tenants secured by written lease agreements. Great cash flow; nice return. Call LBO for Inc/Exp. report. Owner financing available for qualified buyer with minimum 15% down.
Documents Available
Documents Available (Legacy): Legal Description, Leases
Financial Details
Seller Financing: Yes
Seller Financing Description: Qualified Buyer w/15% Dwn
Cooling
Air Conditioning (Legacy): Private
Building Detail
Building Ceiling Height: 8
Office Total SQFT: 4000
Office Available SQFT: 0
Office Ceiling Height: 8
Retail Available SQFT: 500
Retail Ceiling Height: 8
Warehouse Available SQFT: 0
Construction Materials
Construction Materials (Legacy): Brick
Possession
Possession (Legacy): At Title Transfer
Special Listing Conditions
Ownership: No Special Conditions
Standard: 1
Heating
Heat Systems (Legacy): Oil
Income And Expenses
Gross Income: 135000
Gross Income Description: Estimated
Net Operating Income: 63200
Net Operating Description: Estimated
Electric Expense: 2500
Electric Expense Description: Estimated
Gas Expense: 22000
Gas Expense Description: Estimated
Insurance Expense: 7800
Insurance Expense Description: Estimated
Water Sewer Expense: 4500
Maintenance Expense Description: Estimated
Water Sewer Expense Desc.: Estimated
Other Expense 1 Type: 13000
Mortgage Type: None
Parking Features
Parking Total: 10
Off Street: 1
On Street: 1
Private: 1
Public Parking: 1
Possible Use
Apartment Plus: 1
Office/Retail: 1
Status Change Info
Status Change Date: 2010-07-09
Under Contract Date: 2010-02-28
Sold Date: 2010-07-09
Sold Price: $500,000
Property Features
Parking Features: Off Street; On Street; Private; Public Parking
Possible Use: Apartment Plus; Office/Retail
Special Listing Conditions: Standard
Listing Courtesy of Connors-Howard Realty, Inc.
Listing Agent: J. Gregory Connors
518-378-6149 | greg.connors@globalfoundries.com
518-378-6149 | greg.connors@globalfoundries.com
