NOT LISTED FOR SALE

Estimated Value: $195,000 - $237,000

10 Beds
9 Baths
4,924 Sq Ft
$46/Sq Ft Est. Value

Last Sold March 23, 2023

Last sale price $255,000 $52 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $1,448/month

58 Days on Market

Highlights

  • No HOA
  • Bathroom on Main Level
  • Hot Water Heating System

About This Home

As of March 2023

Motivated Seller! Add these two solid brick buildings totaling 9 Units to your portfolio. At just over $30k/unit this will give you a solid cash on cash return. Buildings passed code inspections one year ago but now need some work. Has had a maintenance person in place for a long time, and has maintained the buildings throughout ownership. Some work and patience will be needed to get this preforming at market value. Must sell both buildings together and can not be delivered vacant. After purchase, could easily BRRR while refinancing separately. Once this building is operating at market value with current tenants this will bring in $6k+ a month. Currently, receiving $4600/month with plans for another $750/mo expected soon.

Last Agent to Sell the Property

Alison Walden

Field Realty Listed on: 01/21/2023

Co-Listed By

James Lyman

Field Realty License #10401326488

Last Buyer's Agent

James Bertan

BLUE SPRUCE REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,739

Year Built

  • Built in 1880

Lot Details

  • 2,178

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 4,924 Sq Ft Home
  • Apartment Living Space in Basement

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Bathroom on Main Level
  • 9 Full Bathrooms

Additional Features

  • 2,178 Sq Ft Lot
  • Hot Water Heating System

Community Details

  • No Home Owners Association
  • 9 Units

Listing and Financial Details

  • Legal Lot and Block 15 / 6
  • Assessor Parcel Number 381700 80.48-6-15

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,739

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Multi Family
  • Zoning: Multi Residence
  • Year Built: 1880
  • Directions: Go North on 2nd ave. One is on the right hand side and the other on the left.
  • Above Grade Finished Sq Ft: 4924.0
  • Architectural Style: Apartment 4 Plus Unit
  • Lot Size Acres: 0.05
  • New Construction: No
  • Sale Detail Seller Contribution: No
  • Co List Office Mls Id: o2381A
  • Co List Office Phone: 518-495-1877
  • Special Features: None

Interior Features

  • Basement: Apartment
  • Full Bathrooms: 9
  • Total Bedrooms: 10
  • Living Area: 4924.0
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 2: 2nd
  • Bathroom Levels Full Bathroom 3: 1st
  • Bathroom Levels Full Bathroom 4: 2nd
  • Bathroom Levels Full Bathroom 5: Basement
  • Bathroom Levels Full Bathroom 6: 1st
  • Bathroom Levels Full Bathroom 7: 2nd
  • Bathroom Levels Full Bathroom 8: 3rd
  • Bathroom Levels Full Bathroom 9: 1st
  • Basement:Apartment: Yes

Exterior Features

  • Exterior Features: None
  • Construction Type: Brick
  • Waterfront: No
  • Exterior Features:None37: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Open Parking: No
  • Property Detail:Parking YN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Hot Water
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Hot Water: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Lansingburgh

Lot Info

  • Parcel #: 381700 80.48-6-15
  • Lot Size Sq Ft: 2178.0

Tax Info

  • Tax Annual Amount: 9738.92
  • Tax Block: 6
  • Tax Lot: 15

Multi Family

  • Number Of Units Total: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2024
Sold by
Ppp Properties Llc
Bought by
Isabella Nolan M
Current Estimated Value
$224,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,325
Outstanding Balance
$180,058
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$44,685

Purchase Details

Listed on
Jan 21, 2023
Closed on
Mar 23, 2023
Sold by
Viazzi Kenneth A and Viazzi Nancy
Bought by
Ppp Properties Llc
Seller's Agent
Alison Walden
Field Realty
Buyer's Agent
James Bertan
BLUE SPRUCE REALTY
List Price
$274,900
Sold Price
$255,000
Premium/Discount to List
-$19,900
-7.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.43%
Original Mortgage
$200,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2005
Sold by
Gordon Jon
Bought by
Viazzi Kenneth A Nancy K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,300
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 1997
Sold by
Malinowski Stephen P
Bought by
Begin Kevin and Begin Cynthia
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Isabella Nolan M $217,500 None Available
Isabella Nolan M $217,500 None Available
Isabella Nolan M $217,500 None Available
Ppp Properties Llc $950,000 None Available
Viazzi Kenneth A Nancy K $98,000 Michael W Schafer
Viazzi Kenneth A Nancy K $98,000 Michael W Schafer
Begin Kevin $63,000 --
Begin Kevin $63,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Isabella Nolan M $182,325
Closed Isabella Nolan M $182,325
Previous Owner Ppp Properties Llc $200,000
Previous Owner Viazzi Kenneth A Nancy K $83,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2023 03/23/23 Sold $255,000 -7.2% $52 / Sq Ft
01/30/2023 01/30/23 Pending -- -- --
12/03/2022 12/03/22 For Sale $274,900 -- $56 / Sq Ft
Source: Global MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $3,290 $72,000 $8,000 $64,000
2023 $10,158 $72,000 $8,000 $64,000
2022 $2,337 $72,000 $8,000 $64,000
2021 $878 $72,000 $8,000 $64,000
2020 $1,484 $72,000 $8,000 $64,000
2019 $0 $72,000 $8,000 $64,000
2015 -- $72,000 $8,000 $64,000
2014 -- $72,000 $8,000 $64,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202230796

Global MLS

APN: 381700 80.48-6-15