NOT LISTED FOR SALE

687 Main St Cairo, NY 12413

10 Beds
5 Baths
-- Sq Ft
71,003 Sq Ft Lot

Sale Details

Date Sold: April 22, 2022

Last sale price $285,000

56 Days on Market

Highlights

  • Guest House
  • No HOA
  • Baseboard Heating
  • Deck
  • Balcony
  • Partially Fenced Property

About This Home

As of April 2022

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. The main house is a little over 5000 sq ft. Taxes are LOW! Do not miss this one Opportunity is knocking...let them in!

Last Agent to Sell the Property

Ron Knowles

Century 21 Alliance-NP License #10401275924 Listed on: 11/19/2021

Century 21 Alliance-NP

Last Buyer's Agent

NON MLS OFFICE

Anderson Agency

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,950

Year Built

  • Built in 1970

Lot Details

  • 1.63 Acre Lot
  • Partially Fenced Property
  • Level Lot

Parking

  • Driveway

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Metal Roof

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Heating System Uses Oil
  • Baseboard Heating

Additional Features

  • Built-In Range
  • Guest House

Listing and Financial Details

  • The owner pays for all utilities
  • Legal Lot and Block 10 / 1

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Insurance Expense $1,500
  • Supplies Expense $80
  • New Taxes Expense $4,950
  • Net Operating Income $39,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,950

Year Built

Built in 1970

Lot Details

1.63 Acres

Listing Details

  • Year Built: 1970
  • Property Sub-Type: Multi Family
  • Lot Size Acres: 1.63
  • Supplies Expense: 80.0
  • Co List Office Phone: 845-255-6163
  • MLS Status: Closed
  • Location Tax and Legal:Tax Block: 1
  • General Property Information Lot Size Acres: 1.63
  • General Property Information Lot Size Dimensions: 1.63
  • Sewer:Public Sewer: Yes
  • Income And Expenses New Taxes Expense: 4950.0
  • Income And Expenses Cap Rate: 12.0
  • Gross Scheduled Income: 58800.0
  • Owner Pays:All Utilities: Yes
  • Fencing:Partial2: Yes
  • Other Structures:Guest House: Yes
  • Location Tax and Legal:Tax Annual Amount: 4950.0
  • Appliances Refrigerators: Yes
  • Roof Asphalt3: Yes
  • Roof:Shingle: Yes
  • Water Source:Public: Yes
  • Roof:Metal2: Yes
  • Fencing Fenced: Yes
  • Structure Type Multi Family: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Other, Refrigerator, Built-In Range
  • Interior Amenities: 3 Seasons Room
  • Flooring: Varies
  • Appliances:Built-In Range: Yes

Exterior Features

  • Exterior Features: Balcony
  • Roof: Asphalt, Metal, Shingle
  • Other Structures: Guest House
  • Patio And Porch Features: Deck
  • Lot Features:Level: Yes
  • Patio And Porch Features:Deck2: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Other, Driveway
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:Other20: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard, Oil
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:Oil: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Features: Level
  • Lot Dimensions: 1.63
  • Lot Size Sq Ft: 71002.8
  • ResoLotSizeUnits: Acres
  • Zoning Description: Multi
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: All Utilities, Other
  • Tenant Pays: Gas

Multi Family

  • Number Of Units Total: 5
  • Insurance Expense: 1500.0
  • Net Operating Income: 39000.0

Tax Info

  • New Taxes Expense: 4950.0
  • Tax Annual Amount: 4950.0
  • Tax Block: 1
  • Tax Lot: 10
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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
04/22/2022 04/22/22 Sold $285,000 -5.0% --
01/13/2022 01/13/22 Pending -- -- --
11/18/2021 11/18/21 For Sale $300,000 -- --
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
2024 $6,568 $153,000 $18,500 $134,500
2023 $6,630 $153,000 $18,500 $134,500
2022 $5,864 $153,000 $18,500 $134,500
2021 $5,384 $129,600 $18,500 $111,100
2020 $4,433 $129,600 $18,500 $111,100
2019 $4,196 $129,600 $18,500 $111,100
2018 $4,196 $129,600 $18,500 $111,100
2017 $4,179 $129,600 $18,500 $111,100
2016 $3,834 $129,600 $18,500 $111,100
2015 -- $129,600 $18,500 $111,100
2014 -- $129,600 $18,500 $111,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson Valley Catskills Region Multiple List Service

MLS Number: 20214205

Hudson Valley Catskills Region Multiple List Service
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