EXCELLENT INVESTMENT OPPORTUNITY TO OWN A HIGH-INCOME MULTI-FAMILY PROPERTY WITH STRONG IN-PLACE CASH FLOW AND SIGNIFICANT UPSIDE POTENTIAL. Ideally located near shopping, dining, public transportation, and local amenities, supporting stable occupancy and long-term value. Building #1 features 14 rental units (9 units at $675/month and 5 units at $700/month). Building #2 includes 4 rental units at $675/month plus one commercial storefront generating $1,500/month. The basement, previously used as a bar, is currently vacant and offers additional income potential if re-leased. P&L in attachments.
| MLS # | 948225 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1893 |
| Days On Site | 216 |
| Listing Provided By | MS Realty Group USA, Inc | Mosha Leitner |
| SQ Feet | 9,725 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 20 |
| Building(s) | 2 |
| Zoning | B2 |
| Acreage | 0.12 |
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard |
| Construction Materials | Frame |
|---|
| Parking Features | On Street |
|---|
| Utilities | Phone Available, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 250400 |
| Tax Annual Amount | 17254.15 |
| State | NY |
|---|---|
| County | Sullivan County |
| City | Monticello |
| Zip Code | 12701 |
| Listing VS Median (in 12701) | |
Price: $949,000 low | high Med: $380,000 sqft: 9,725 low | high Med: 2,064 $ / sqft: $98 low | high Med: $184 On site: 216 low | high Med: 131 | |
| State | NY |
|---|---|
| County | Sullivan County |
| City | Monticello |
| Zip Code | 12701 |
| Listing VS Median (in 12701) | |
Price: $949,000 low | high Med: $380,000 sqft: 9,725 low | high Med: 2,064 $ / sqft: $98 low | high Med: $184 On site: 216 low | high Med: 131 | |