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Welcome to this great investment opportunity. This property consists of a 3 unit apartment building with an office and a 9 unit motel. Apartment gross income is $33,630 based on 95% occupancy and Motel gross income of $122,717 based on 80% occupancy for a total of $156,347 in gross income. Seller currently provides heat, hot water, and electric for two of the apartment units but is planning to install new furnaces in apartments and separate electric utilities as well. The current yearly expense for the seller is approximately $8400 and the Pro-forma is based on apartment tenants paying for their own utilities. There is also a single-family home that can be purchased as part of the deal but is not included as part of the listing.

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Listed by Scott Frahm and Dawn M McCurdy of McCurdy Real Estate Group,Inc, (518) 785-9900
 "Based on information submitted to NY_GCAR_FLEX as of December 8, 2022 11:39 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."
 
 

 

 

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