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commercial properties for sale

107& 109 AuSable Street, Keeseville

MLS # 164876
$199,900

Details

  • Property Type: apartments
  • Approx. Total SF: 3,900
  • Approx. Acreage: 0.40
  • Year Built: 1930
  • Parking: Off Street,Private
  • Electric: 200 Amps
  • County: Clinton County
  • Construction: Frame
  • Road Frontage:

Additional Information

Great opportunity to get started in the investment market. Occupy one unit and rent out the rest to cover your mortgage and then some. Or rent them all for maximum income. Paved, off-street parking. Currently, owner pays water/sewer, lawncare, snow removal. Tenants pay for electric. Includes both buildings. Units 7-1 & 7-2 tenants pay their own heat. Both have washer & dryer hookups. Units 9-1. 9-2, 9-3 & 9-4 share a furnace so the landlord pays the heat. 109 AuSable has coin operated washers and dryers in basement. See documents for breakdown of rents. Water & Sewer amounts are per quarter. Other expense is heat. Gross income – expenses = $24,200. Cap rate of 12.1% at $200,000.

Amenities

Carbon Monoxide Detector

© 2017 Adirondack-Champlain Valley MLS (ACVMLS)
Information deemed reliable, but not guaranteed
Listing courtesy of Anne Porter & Associates

  • Neil
  • Neil Fesette

Cell Phone:
(518) 726-0149
Office Phone:
(518) 324-4500
Office Fax:
(518) 562-7298