NOT LISTED FOR SALE

2-4 New Pruyn St Glens Falls, NY 12801

8 Beds
8 Baths
5,564 Sq Ft
0.3 Acres

Last Sold May 12, 2014

Last sale price $365,000 $66 Per Sq Ft

458 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Wood Siding

About This Home

As of May 2014

Investors note the 11%CAP Rate. These 2 Buildings consist of 14 Efficency Apartment Units that are a true money maker with many of the tenants being long term for many years. Very low Tenant turnover with quick turn around when there is an opening. Some of the units have recently been remodled, rents increased, expenses well controlled, and coin operated washer and dryer added (not calculated into the income). The Tenants are quiet and almost always pay their rent in full and on time

Last Agent to Sell the Property

Liz Schultheiss

Howard Hanna Listed on: 02/08/2013

Last Buyer's Agent

Non Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,534

Year Built

  • Built in 1960

Lot Details

  • 0.3 Acre Lot

Home Design

  • 5,564 Sq Ft Home
  • Shingle Roof
  • Slate Roof
  • Built-Up Roof
  • Wood Siding
  • Vinyl Siding
  • Clapboard

Schools

  • Glens Falls High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 14 Units

Listing and Financial Details

  • Tenant pays for hot water, heat, central air, electricity, gas
  • The owner pays for trash collection, sewer, management, water, grounds care
  • Legal Lot and Block 1 / 9
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,534

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Zoning: Multi Residence
  • Year Built: 1960
  • Directions: Glen Street to South Street to the corner of New Pruyn and South Street directly located across the street from Glens Falls Hospital.
  • Above Grade Finished Sq Ft: 5564.0
  • Financial Details Full Market Assessment: 349700
  • Lot Size Acres: 0.3
  • Lot Size: 0 x x x
  • Number of Separate Water Meters: 2
  • Income: 82164.0
  • Special Features: None

Interior Features

  • Living Area: 5564.0
  • Owner Pays: Trash Collection, Sewer, Management, Water, Grounds Care

Exterior Features

  • Roof: Slate, Shingle, See Remarks, Built-Up
  • Construction Type: Clapboard, Vinyl Siding, Wood Siding
  • Waterfront Features: None
  • Waterfront: No
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Waterfront Features:None19: Yes
  • Construction Materials:Clapboard2: Yes

Utilities

  • Sewer: Other, Public Sewer
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Lot Info

  • Lot Size Sq Ft: 13068.0
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Heat, Central Air, Electricity, Gas

Tax Info

  • Tax Annual Amount: 11534.0
  • Tax Block: 9
  • Tax Lot: 1
  • Tax Tract: 309.28

Multi Family

  • Number Of Units Total: 14

MLS Schools

  • HighSchool: Glens Falls

Range of Values:

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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 Prior Sale
05/12/2014 05/12/14 Sold $365,000 -18.9% $66 / Sq Ft
04/12/2014 04/12/14 Pending -- -- --
02/08/2013 02/08/13 For Sale $449,900 +44989900.0% $81 / Sq Ft
03/01/2012 03/01/12 Sold $1 -100.0% $0 / Sq Ft View Prior Sale
01/24/2012 01/24/12 Pending -- -- --
05/20/2011 05/20/11 For Sale $450,000 -- $113 / Sq Ft
Source: Global MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 120262

Global MLS

APN: 520500 309.28-9-1