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Listed by: Berkshire Hathaway HomeService

$ 999,900

Est. payment -/mo

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Active

14 Chatham ST 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 20265769

Style Farmhouse,Ranch

Bedrooms 16

HOA Y/N No

Year Built 1900

Annual Tax Amount $8,200

Tax Year 8200

Lot Size 1.000 Acres

Acres 1.0

Lot Dimensions irregular

Property Sub-Type Multi Family

Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)

Property Description

INVESTOR ALERT! This fantastic property is a great money maker as it is, 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 permit are already in place to convert the garage into 2 - 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

Area Nassau

Zoning Res Multiple

Rooms

Basement Crawl Space, Partial, Unfinished

Interior

Interior Features High Speed Internet, Storage

Heating Baseboard, Electric, Forced Air, Oil, Separate Meters

Cooling None

Flooring Carpet, Laminate, Linoleum, Plank

Fireplace No

Laundry Other

Exterior

Garage Spaces 5.0

Garage Description 5.0

Fence Perimeter

Utilities Available Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

View Downtown, Neighborhood

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

Total Parking Spaces 5

Garage Yes

Building

Lot Description Back Yard, City Lot, Cleared, Irregular Lot, Level

Story 2

Foundation Block, Concrete Perimeter, Stone

Sewer Septic Tank, Shared Septic

Water Public

Architectural Style Farmhouse, Ranch

Level or Stories Bi-Level, One

Schools

High Schools East Greenbush

School District East Greenbush

Others

Senior Community No

Tax ID 211.12-6-11

Chrissy Hennessy

Agent License ID: 40HE1102041

+1(518) 257-0233

14 Chatham ST Nassau, NY 12123

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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14 Chatham ST