Welcome to this great investment opportunity. This property consists of a 3 unit apartment building with an office and a 9 unit motel. Apartment gross income is $33,630 based on 95% occupancy and Motel gross income of $122,717 based on 80% occupancy for a total of $156,347 in gross income. Seller currently provides heat, hot water, and electric for two of the apartment units but is planning to install new furnaces in apartments and separate electric utilities as well. The current yearly expense for the seller is approximately $8400 and the Pro-forma is based on apartment tenants paying for their own utilities. There is also a single-family home that can be purchased as part of the deal but is not included as part of the listing.
|Building Size:||2,304 ±SF|
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of Commercial and Industrial Real Estate Brokers. Commercial and Industrial Real Estate Brokers deems information reliable but not guaranteed. This listing courtesy of McCurdy Real Estate Group, (518) 785-9900. Information should be considered reliable but is not guaranteed.