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Listed by Karen R Westman • Berkshire Hathaway Home Services Blake

$ 999,900

Est. payment -/mo

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14 Chatham Street Nassau, NY 12123

16 Beds

9 Baths

6,558 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,558 sqft

Price per Sqft $152

MLS Listing ID 202627171

Bedrooms 16

Full Baths 8

Half Baths 1

HOA Y/N No

Year Built 1900

Annual Tax Amount $8,200

Lot Size 1.000 Acres

Acres 1.0

Lot Dimensions irregular

Property Sub-Type Multi Family

Source Global MLS

Property Description

INVESTOR ALERT! This fantastic property is a great money maker, with a 9+ Cap Rate! Eight fully rented units in four buildings on a one-acre village lot with approximately 122,500 thousand in annual gross income. Village-approved plans and permits are already in place to convert the garage into two two-bedroom apartments along with County-approved septic plans. Additional septic plans allow for the possible conversion of the unfinished basement into another 2-bedroom apartment pending town approval. Recent improvements include new siding on all buildings, new or recoated roofs, and four new electric services. 6 of the 8 units have been renovated; kitchens, baths, appliances, lighting, water heaters, vinyl plank flooring, and freshly painted. The property includes two up-and-down duplexes and two side-by-side duplexes. The lot extends from Chatham Street to Johns Street, with the Rail Trail near the rear entrance and village shops and restaurants close by. Buyers should verify income, expenses, approvals, and expansion potential. 10 minutes to East Greenbush. 20 minutes to Rensselaer and downtown Albany.

Location

State NY

County Rensselaer

Zoning Multi Residence

Direction Route 9 & 20 into village of Nassau. Right on Chatham Street at light. Property is 2 buildings down from Cumberland Farms store.

Interior

Interior Features Paddle Fan, High Speed Internet

Heating Baseboard, Electric, Forced Air, Oil

Flooring Vinyl, Carpet, Laminate, Linoleum

Window Features Screens,Insulated Windows

Exterior

Exterior Feature None

Parking Features Off Street, Stone, Paved

Garage Spaces 5.0

Utilities Available Cable Available

Roof Type Rolled/Hot Mop,Metal,Shingle,Asphalt

Porch Rear Porch, Enclosed

Building

Lot Description Level, Road Frontage, Cleared, Irregular Lot

Sewer Shared Septic

Water Public

Architectural Style Apartment 4 Plus Unit, Ranch, Other

Schools

School District East Greenbush

Others

Tax ID 383001 211.12-6-11

Special Listing Condition Standard

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NEARBY SCHOOLS & PROPERTIES

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NYS Licensed Real Estate Brokerage License ID: 109931319

+1(518) 882-6236

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