NY > Monticello
Monticello, NY 12701,39-41 Hillside AVE
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Monticello, NY 12701,39-41 Hillside AVE
Monticello, NY 12701,39-41 Hillside AVE
Monticello, NY 12701,39-41 Hillside AVE
Monticello, NY 12701,39-41 Hillside AVE
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Latisha Dash

Latisha Dash

+1(718) 926-3970
$ 575,000
Est. payment /mo
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Pending

39-41 Hillside AVE Monticello, NY 12701

0.62 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

MLS Listing ID KEY811928

Originating Board onekey2

Rental Info No

Year Built 1980

Annual Tax Amount $8,110

Lot Size 0.620 Acres

Acres 0.62

Property Sub-Type Multi Family

Property Description

Introducing an exceptional investment opportunity at 39-41 Hillside Ave in Monticello, designed for savvy investors and forward-thinking developers alike! This remarkable property boasts 7 units, with 6 of these units undergoing extensive and stylish renovations in 2024, ensuring they meet the contemporary demands of today's renters. These upgraded units are currently generating a robust annual rental income of $82,764, showcasing not only the property's immediate profitability but also its potential for future growth. In addition to the impressive rental income and value-add opportunity, there's an exciting option to acquire the neighboring lot for just $350,000! This parcel holds the potential for constructing 7 condos on these lots, paving the way for substantial future returns in a growing area. Monticello is on an upward trajectory, making this the perfect moment to invest in a property with both immediate cash flow and long-term appreciation potential.

The combination of a strong rental market, strategic location, and the possibility of expansion makes this property a standout choice for those looking to make a meaningful impact in the Monticello real estate landscape. Don't miss out on this lucrative opportunity—seize the chance to invest in your future today!

Location

State NY

County Sullivan County

Interior

Heating Baseboard, Electric

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Freezer, Oven, Refrigerator

Exterior

Parking Features Driveway

Utilities Available Electricity Connected

Total Parking Spaces 7

Building

Lot Description Back Yard

Story 2

Sewer Public Sewer

Water Public

Structure Type Frame

Schools

Elementary Schools George L Cooke School

Middle Schools Robert J Kaiser Middle School

High Schools Monticello High School

School District Monticello

Others

Special Listing Condition None

Listed by Team W Realty LLC
agent

Latisha Dash

Agent

+1(718) 926-3970

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39-41 Hillside AVE