NEW! Buy and sell safely with virtual options - Learn More
About the Listing o1537A - 6707
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.
Listing Highlights for 14 Chatham St
Interior Details
- Bathrooms: 9 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Electric,Forced Air,Oil
- Fireplaces:
- Floor: Vinyl,Carpet,Laminate,Linoleum
- Basement: Full,Unfinished
- Other: High Speed Internet,Paddle Fan
- Water: Public
Exterior Details
- Lot Description: Road Frontage,Level,Cleared,Irregular Lot
- Garage Capacity: N/A
- Parking Spaces: 20
- Lot Dimensions: irregular
- Zoning: Multi Residence
- Roof: Metal,Rolled/Hot Mop,Shingle,Asphalt
- Others:
- Sewer: Shared Septic
- Parking Features: Off Street,Paved,Gravel
Financial Details
- Tax Amount: $8,107
- Taxes w/Assessments: N/A
- Tax/Property ID: 383001 211.12-6-11
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
14 Chatham St Nassau, NY 12123
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
