NOT LISTED FOR SALE

12 Main St Wallkill, NY 12589

1 Bed
1 Bath
-- Sq Ft
4,792 Sq Ft Lot

Last Sold November 04, 2022

Last sale price $500,000

66 Days on Market

Highlights

  • No HOA
  • Hot Water Heating System
  • 2-minute walk to Wallkill Town Park

About This Home

As of November 2022

Well maintained 5 unit investment property for sale in the highly desirable Hamlet of Wallkill. Owner retiring after owning this property for 19 years. This is a turn key property with recent updates including new exterior vinyl siding installed on the entire building just last fall. Municipal water and sewer and natural gas. All units are rented with zero vacancies over many years. Tenants pay for heat, hot water, and electric. Coin operated washer and dryer. Off street parking for 10 cars at rear of building. Current gross income is $57,900 due to some long term tenants. Potential gross annual rents in the $70,000 to $75,000 range. Great location with huge rental demand and rising rents in the Hamlet of Wallkill just north of Newburgh and Middletown and south of New Paltz. Property Management is available which would allow the property to basically run itself.

Last Agent to Sell the Property

John Quinn

Quinn Realty Group Inc. License #10491205679 Listed on: 05/14/2022

Last Buyer's Agent

NON MLS OFFICE

Anderson Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,203

Year Built

  • Built in 1800

Lot Details

  • 4,792

Parking

  • Off-Street Parking

Home Design

  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Aluminum Siding
  • Vinyl Siding

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Gas Water Heater

Additional Features

  • Range
  • Basement Fills Entire Space Under The House
  • 4,792 Sq Ft Lot

Listing and Financial Details

  • The owner pays for taxes
  • Legal Lot and Block 13 / 4

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Electric Expense $714
  • Insurance Expense $3,127
  • New Taxes Expense $9,178
  • Net Operating Income $42,808

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,203

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Year Built: 1800
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 0.11
  • Co List Office Phone: 845-883-7700
  • MLS Status: Closed
  • Location Tax and Legal:Tax Block: 4
  • General Property Information Lot Size Acres: 0.11
  • General Property Information Lot Size Dimensions: .11 Acres
  • Sewer:Public Sewer: Yes
  • Income And Expenses New Taxes Expense: 9178.0
  • Income And Expenses Cap Rate: 7.0
  • Gross Scheduled Income: 57900.0
  • Location Tax and Legal:Tax Annual Amount: 9203.0
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Public: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Gas Water Heater
  • Basement: Full
  • Flooring: Varies
  • Full Basement: Yes
  • Appliances:Gas Water Heater: Yes
  • Appliances Range: Yes

Exterior Features

  • Roof: Asphalt, Shingle
  • Construction Type: Aluminum Siding, Frame, Vinyl Siding
  • Construction Materials:Frame: Yes
  • Construction Materials:Aluminum Siding: Yes
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Information:Garage YN: No
  • Parking Features:Off Street: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Hot Water, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes
  • Heating:Hot Water2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Fee Information

  • Trash Expense: 732.0

Lot Info

  • Lot Dimensions: .11 Acres
  • Lot Size Sq Ft: 4791.6
  • ResoLotSizeUnits: Acres
  • Zoning Description: SB
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Taxes
  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 5
  • Electric Expense: 714.0
  • Insurance Expense: 3127.0
  • Net Operating Income: 42808.0

Tax Info

  • New Taxes Expense: 9178.0
  • Tax Annual Amount: 9203.0
  • Tax Block: 4
  • Tax Lot: 13

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2022 11/04/22 Sold $500,000 0.0% --
07/18/2022 07/18/22 Off Market $500,000 -- --
07/18/2022 07/18/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $599,000 -- --
Source: Hudson Valley Catskills Region Multiple List Service

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Quinn

    Seller's Agent in 2022

    John Quinn

    Quinn Realty Group Inc.

    (845) 883-7700

    5 in this area

    76 Total Sales

    John Quinn
    Section Image

  • N

    Buyer's Agent in 2022

    NON MLS OFFICE

    Anderson Agency

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20221330

Hudson Valley Catskills Region Multiple List Service
New York Ulster County Wallkill 12589

12 Main St, Wallkill, NY

Not Listed for Sale

MultiFamily

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