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752 Columbia Turnpike

East Greenbush, NY 12061
  • $699,900
  • STATUS: Active
  • MLS #: 202216004
UPDATED: 123 min ago
$699,900
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,304
    SQFT
  • $304
    $/SQFT
Type:
Commercial
Built:
1955
County:
Area:

School Information

High School:
School District:

Description

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.

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© 2022 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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 they may be interested in purchasing. Data last updated 2022-08-16T00:12:20.527.
www.tailoredreghomes.com/homes/127920554
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752 Columbia Turnpike East Greenbush, NY 12061

  • Price: $699,900
  • Status: Active
  • On Site: Days
  • Updated: 123 min ago
  • MLS #: 202216004
0
Beds
0
Baths
0
½ Baths
0.28
Acres
2,304
SQFT
$304
$/SQFT
1955
Built
County:
Rensselaer
Area:
Rensselaer
High School:
Columbia
School District:
East Greenbush
Property Description
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.
Exterior Features

Architectural Style ApartmentsCommercialMixed UseMotel Construction Materials BlockVinyl Siding Lot Features Road Frontage Parking Total 12.00 Roof Asbestos ShingleFlat Waterfront YN No

Interior Features

Basement Other Cooling Other Heating Natural Gas

Property Features

Association YN No City Town Taxing Entity East Greenbush Current Use Apartment PlusMixed UseMotel Enhanced Accessible YN No Possible Use Apartment PlusHotel/Motel Property Sub Type Hotel-Motel Sale Includes Building & Land Sewer Septic Tank Special Listing Conditions Standard Tax Annual Amount 10868.88 Tenant Pays Other Water Source Public

Listing information © 2022 Global MLS.
Listing provided courtesy of Scott Frahm of Mccurdy Real Estate Group, Inc:(518) 785-9900.



© 2022 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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 they may be interested in purchasing. Data last updated 2022-08-16T00:12:20.527.
 
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Tailored Real Estate Group
2452 Route 9 Suite 306
Malta NY, 12020