$300,000
Estimated Payment$1,417/mo
Multi-Family For Sale

687 Main Street, Cairo, NY 12413

6Beds
5Baths
5,064Sq. Ft.
Multi-Family Home In Cairo

Currently running as a 5 unit but could easily be a 7 units in the main house with an additional building in the rear of the property that could (with Approval from town) could be converted into 3 more apartments for a total of 10 units. 1.6 acres with municipal water and sewer with plenty of parking. This is def a money maker for anyone looking to get in to the real estate market or a seasoned investor. All rents are below market value. The three apartments that are rented for $800 should read for 900 easily. The one upstairs apartment should easily rent for $950 and the owners apartment would rent for $1000-$1100. There are two other potential apartments in the main building one 2 bedroom and then one studio/1 bedroom adding another $1800 a month to your rent roll landlord pays taxes, electric, heat,. Tenants pay cooking gas, garbage, Cable/Internet. the electric roads between $400-$500 per month the water is about $400 per quarter and the heat average is between $350-$400 per month.

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687 Main Street
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Location
687 Main Street Cairo, NY 12413
Home Details

Listing Details

General

  • Total Number of Units: 5
  • Disclaimer: Copyright 2021 Columbia Greene and Northern Dutchess Mls All rights reserved All information provided by the listing agent broker is deemed reliable but is not guaranteed and should be independently verified

Interior Details

Rooms

  • Full Bathrooms: 5
  • Rooms: Bedroom, Full Bath, Kitchen, Living Room

General

  • Appliances: Refrigerator

    Property Details

    Construction Details

    • Architectural Style: Other
    • Roof: Metal

    MLS Details

    General

    • Days on Homes.com: 90
    • MLS Number: 139789
    • Listed: 10/21/2021
    • Last Updated: 10/21/2021
    • Offered By: Century 21 Alliance Realty Group
    • Listing Source: Columbia County & Northern Dutchess Mls (via Listhub)
    Monthly Payment Calculator

    $1,417

    Estimated Mortgage
    Principal & Interest
    $1,012
    Insurance
    $105
    Taxes
    $300
    Mortgage Insurance
    $0
    i
    Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
    i
    If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
    Nearby Schools
    • Cairo/Durham Elementary School
      Class size: 11Distance: 0.64 mi
      C
    • Catskill Middle School
      Class size: 9Distance: 9.08 mi
      B-
    • Cairo-Durham Middle School
      Class size: 7Distance: 3.83 mi
      C+
    Points of Interest

    Shopping Centers

    Distance
    • 1.2 mi
    Listing Agent
    Ron Knowles
    Century 21 Alliance Realty Group
    Cairo, NY
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    $300,000

    6 Beds5 Baths5,064 Sq. Ft.

    687 Main Street

    Cairo, NY 12413

    Ron Knowles
    Century 21 Alliance Realty Group