Seller's Agent in 2022
John Quinn
Quinn Realty Group Inc.
(845) 883-7700
5 in this area
71 Total Sales
12 Main St Wallkill, NY 12589
1
Bed
1
Bath
--
Sq Ft
4,792
Sq Ft Lot Lot
Highlights
- No HOA
- Hot Water Heating System
- 2-minute walk to Wallkill Town Park
About This Home
As of November 2022Well 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
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
- Aluminum Siding
- Vinyl Siding
Utilities
- Heating System Uses Natural Gas
- Hot Water Heating System
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
- Operating Expense $15,092
- Net Operating Income $42,808
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Home Values in the Area
Average Home Value in this Area
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
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,782 | $50,000 | $8,000 | $42,000 |
| 2024 | $9,873 | $50,000 | $8,000 | $42,000 |
| 2023 | $9,868 | $50,000 | $8,000 | $42,000 |
| 2022 | $9,209 | $50,000 | $8,000 | $42,000 |
| 2021 | $9,209 | $50,000 | $8,000 | $42,000 |
| 2020 | $9,234 | $50,000 | $8,000 | $42,000 |
| 2019 | $8,396 | $50,000 | $8,000 | $42,000 |
| 2018 | $9,056 | $50,000 | $8,000 | $42,000 |
| 2017 | $8,662 | $50,000 | $8,000 | $42,000 |
| 2016 | $8,384 | $50,000 | $8,000 | $42,000 |
| 2015 | -- | $50,000 | $8,000 | $42,000 |
| 2014 | -- | $50,000 | $8,000 | $42,000 |
Source: Public Records
Agents Affiliated with this Home
-
John Quinn
-
N
Buyer's Agent in 2022
NON MLS OFFICE
Anderson Agency
Map
Source: Hudson Valley Catskills Region Multiple List Service
MLS Number: 20221330
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