Residential Income

84-88 Academy Street, Liberty, New York 12754

$925,000
Listing ID #H6260283
Agent info
Contact Agent
16 Bedrooms
10 Bathrooms
7,574 Sqft
Basic Details
Property Type Residential Income
Property Sub Type Multi Family
Listing Type For Sale
Listing ID H6260283
Price $925,000
Bedrooms 16
Rooms 0
Bathrooms 10
Bathrooms Full 10
Half Bathrooms 0
Square Footage 7,574 Sqft
Year Built 1920
Lot Area 0.63 Sqft
Property Description

84-88 Academy St: Currently brings in $11,100 monthly. The five units in 84 Academy are making a total of $6900, the two bedrooms downstairs are $1500 each, and the upstairs one-bedrooms are rented for $1300 each. The back house is still empty. In the triplex of 88 Academy, the two-bedroom makes $1600, and the one-bedrooms upstairs is rented for $1400 and $1200. Three buildings are being offered and sold together as one package with nine units. This listing comprises one single-family residence (the single-family and five-family buildings require TLC) with five bedrooms, two full baths, its own utility meter, and oil for heating. A five-family building with two two-bedroom units on the main level and three one-bedroom units on the top level, including access to a finished attic space in the hallway. Each unit has electric baseboard heat and five utility meters. Also included is a triplex with a beautifully renovated two-bedroom unit on the main level (the tenant pays the common area charges) and two one-bedroom units on the top level. The triplex has brand-new ductless AC units for heat and AC. For the single and five-family residences, the landlord pays $14,668 for taxes ($1224 monthly), $485 for water quarterly/every three months, $38 per month for common area electricity, and $2080 annually for insurance. For the triplex, the landlord pays $8,232 for taxes ($686 monthly), $256 for water quarterly/every three months, and $1080 annually for insurance with no common area expense (tenant pays the common area). Close to Highway 17, schools, and local shops and amenities! Call today to schedule a private showing! The projected cap rate is 10-11%.

Features
Oil, Baseboard, Electric
Ductless, None
Full, Unfinished, Bilco Door(s)
Driveway, Off Street
Address Map
US
New York
Sullivan
Liberty
12754
New York-Liberty
Academy
84-88
Street
0
W75° 15' 8.3''
N41° 48' 5.2''
MLS Addon
Keller Williams Realty
Nicholas Cuomo
$0
$925,000
$925,000
$0
Active
$22,900
12
0
9
$0
$0
1
0 Sqft
Square Feet
No Common Walls
Park
Frame
GPS
Liberty Elementary School
Liberty High Sch Acad-Newcomers
Liberty Avenue Middle School
0
1
18/07/2023
H-33485
KWRE01
Near Public Transit, Level, Partly Wooded
Public Sewer
A