
Description
**Handyman and Investor Opportunity** This 3-unit apartment building is full of potential. While it is currently vacant and in need of improvements, it was fully rented as recent as August 2024. According to Essex County Fair Market Rates for this area are as followed. Unit 1: 2bed - $1,170; Unit 2: 1 Bed $920; Unit 3: 3bed - $1,470. Total Projected income per year: $42,720. Fixed Expenses. Taxes: $6,531; Water/Sewer: $850; Insurance $1,300. Water and Heat are currently off, Power is on. With proper rehab and once fully rented at Fair Market Values this property has potential to generate immediate equity and cash flow.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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2,980SQFT
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$30$/SQFT
Description
**Handyman and Investor Opportunity** This 3-unit apartment building is full of potential. While it is currently vacant and in need of improvements, it was fully rented as recent as August 2024. According to Essex County Fair Market Rates for this area are as followed. Unit 1: 2bed - $1,170; Unit 2: 1 Bed $920; Unit 3: 3bed - $1,470. Total Projected income per year: $42,720. Fixed Expenses. Taxes: $6,531; Water/Sewer: $850; Insurance $1,300. Water and Heat are currently off, Power is on. With proper rehab and once fully rented at Fair Market Values this property has potential to generate immediate equity and cash flow.
© 2025 Adirondack-Champlain Valley Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Joseph Salamy | Merill L. Thomas, Inc ~ Gillis Team. Data last updated: 2025-02-09T14:31:10.02.