$200,000
Victory, NY 12871
MLS# 201811935
Status: Closed
1836 sqft
1 / 7
Property Description
This is a true money making property on the edge of the Village of Schuylerville! Situated on 1.8 acres, 5 Gates Ave offers (2) apartments, currently rented month-to-month w/ long term tenants; (4) commercial buildings, two are rented, one is owner occupied; lastly, (5) garages, four are rented, one is owner occupied; APPROX NET: $33K/YEAR! Property is perfect for a growing business: use the big commercial buildings to build & benefit your business and make money renting the other garages & apartments!
Details
Maps
Contract Information
Original List Price: 249900
Offered Lease/Sqft: 108.93
List Price/SqFt: 125.22
Sold Price/SqFt: 108.93
List Price/Acres: 127722.22
Sold Price/Acres: 111111.11
Status: Closed
Property Sub Type: Mixed Use
Sold Price: $200,000
Listing Contract Date: 2018-02-03
Current Price: $200,000
Location
Postal Code +4: 1414
City/Town (Mail): Schuylerville
Street Number: 5
Street Name: GATES
Street Suffix: Avenue
County: Saratoga
State/Province: NY
Postal Code: 12871
Geo Lat: 43.094967
Geo Lon: -73.5879
Property Detail
Stories: 1
Zoning: Commercial
Lot Size Dimensions: Level
Lot Size Acres: 1.8
Building Area Total: 1836
Building Available SQFT: 1836
Main Road Frontage: 393
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Year Built: 1980
Parcel, Tax, HOA
Parcel Number: 415003 157.78-1-11.2
FIPS Code: 36091
Tax Annual Amount: 6265
Tax Section: 157.78
Total Taxes Description: Estimated
Tax Block: 1
Tax Lot: 11.2
Tax Section See Remarks: Yes
Association Y/N: No
Directions & Remarks
Directions: Rte 4 to Rte 32, Right onto Gates Ave (corner of Gates & Rte 32)
Public Remarks: This is a true money making property on the edge of the Village of Schuylerville! Situated on 1.8 acres, 5 Gates Ave offers (2) apartments, currently rented month-to-month w/ long term tenants; (4) commercial buildings, two are rented, one is owner occupied; lastly, (5) garages, four are rented, one is owner occupied; APPROX NET: $33K/YEAR! Property is perfect for a growing business: use the big commercial buildings to build & benefit your business and make money renting the other garages & apartments!
Sewer
Public Sewer: 1
Documents Available
Documents Available (Legacy): Income Statement
Architectural Style
Mixed Use: 1
Financial Details
Full Market Assessment: 199000
General Taxes: 885
General Taxes Description: Estimated
School Taxes: 3980
School Taxes Description: Estimated
Village Taxes: 1400
Village Taxes Description: Estimated
Seller Financing: No
Building Detail
Office Total SQFT: 336
Office Available SQFT: 336
Retail Total SQFT: 0
Retail Available SQFT: 0
Warehouse Total SQFT: 4150
Warehouse Available SQFT: 4150
Loading Dock Description: (1)
At Grade Door Description: (9)
Construction Materials
Construction Materials (Legacy): Wood
Possession
Possession (Legacy): At Closing
Showing Requirements
Key: 1
Special Listing Conditions
Ownership: No Special Conditions
Standard: 1
Water Source
Public: 1
Heating
Forced Air: 1
Heat Systems (Legacy): Forced Hot Air
Income And Expenses
Gross Income: 42600
Gross Income Description: Estimated
Net Operating Income: 33335
Net Operating Description: Estimated
Insurance Expense: 1200
Insurance Expense Description: Estimated
Water Sewer Expense: 1800
Water Sewer Expense Desc.: Estimated
Parking Features
Parking Total: 20
Private: 1
Possible Use
Apartment Plus: 1
Business: 1
Garage: 1
Industrial: 1
Mixed: 1
Office/Warehouse: 1
Warehouse: 1
Status Change Info
Status Change Date: 2019-07-10
Under Contract Date: 2019-01-14
Sold Date: 2019-07-05
Sold Price: $200,000
Property Features
Architectural Style: Mixed Use
Heating: Forced Air
Parking Features: Private
Possible Use: Apartment Plus; Business; Garage; Industrial; Mixed; Office/Warehouse; Warehouse
Sewer: Public Sewer
Showing Requirements: Key
Special Listing Conditions: Standard
Water Source: Public
Listing Courtesy of KW Platform
Listing Agent: Andrew Barber
518-727-9907 | abarber@kw.com
518-727-9907 | abarber@kw.com
