NOT LISTED FOR SALE
1 Bed
1 Bath
-- Sq Ft
4,792 Sq Ft Lot

Sale Details

Date Sold: November 4, 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

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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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,203

Year Built

Built in 1800

Lot Details

4,792 Sq Ft Lot

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
  • TotalAnnualOperatingExpenses: 15092.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street

Utilities

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

Condo/Co-op/Association

  • Association: No

Fee Information

  • Trash Expense: 732.0

Lot Info

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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2022
Closed on
Nov 4, 2022
Sold by
Wallkill Properties Llc
Bought by
Seller's Agent
John Quinn
Quinn Realty Group Inc.
Buyer's Agent
NON MLS OFFICE
Anderson Agency
List Price
$599,000
Sold Price
$500,000
Premium/Discount to List
-$99,000
-16.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Outstanding Balance
$352,020
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 4, 2004
Sold by
Larussa Emanuel
Bought by
Wallkill Properties Llc

Purchase Details

Closed on
Sep 12, 2003
Sold by
Pjetri Martin
Bought by
Larussa Emanuel

Purchase Details

Closed on
Jul 8, 1997
Sold by
Michelucci Albert
Bought by
Pjetri Martin

Purchase Details

Closed on
Nov 17, 1995
Sold by
Callas David T and Callas Corinne
Bought by
Michelucci Albert and Michelucci Lucy
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$500,000 None Available
Wallkill Properties Llc -- United General Title Ins Co
Larussa Emanuel $180,100 Robert S Levine
Pjetri Martin $110,000 --
Michelucci Albert $155,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $367,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20221330

Hudson Valley Catskills Region Multiple List Service
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