Multi Family 5+ in Sullivan County
| MLS Number | 811928 |
|---|---|
| Address | 39-41 Hillside Avenue, Monticello, NY 12701 show map |
| Price | $575,000 show mortgage calculator |
| Acres | 0.61999540863177 |
| Year Built | 1980 |
| Est. Sq. Footage | 0 |
| Elementary School | George L Cooke School |
| Jr High-Middle School | Robert J Kaiser Middle School |
| High School | Monticello High School |
| Estimated Taxes | $8,110 |
| Total Apt Units | 7 |
Introducing an exceptional investment opportunity at 39-41 Hillside Ave in Monticello, designed for savvy investors and forward-thinking developers alike! This remarkable property boasts 7 units, with 6 of these units undergoing extensive and stylish renovations in 2024, ensuring they meet the contemporary demands of today's renters. These upgraded units are currently generating a robust annual rental income of $82,764, showcasing not only the property's immediate profitability but also its potential for future growth. In addition to the impressive rental income and value-add opportunity, there’s an exciting option to acquire the neighboring lot for just $350,000! This parcel holds the potential for constructing 7 condos on these lots, paving the way for substantial future returns in a growing area. Monticello is on an upward trajectory, making this the perfect moment to invest in a property with both immediate cash flow and long-term appreciation potential. The combination of a strong rental market, strategic location, and the possibility of expansion makes this property a standout choice for those looking to make a meaningful impact in the Monticello real estate landscape. Don't miss out on this lucrative opportunity—seize the chance to invest in your future today!
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