NOT LISTED FOR SALE

87 N Main St Mechanicville, NY 12118

9 Beds
11 Baths
9,000 Sq Ft
9,148 Sq Ft Lot

Last Sold November 24, 2023

Last sale price $825,000 $92 Per Sq Ft

10 Days on Market

Highlights

  • Wood Flooring
  • Bathroom on Main Level
  • Zoned Heating
  • No HOA

About This Home

As of November 2023

Investment Opportunity! A rare find in Saratoga County, 11-unit residential brick building on Main St. A strong mix of tenants, great rental history, and prime location make this property turn-key to make money from day one and a great addition to any portfolio. Separate utilities, private parking, see docs or inquire for full financials.

Last Agent to Sell the Property

Ryan Mortka

Coldwell Banker Prime Properties Listed on: 09/11/2023

Last Buyer's Agent

Jeffrey Latinville

Realty One Group Key License #10401324401

Realty One Group Key

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,477

Year Built

  • Built in 1981

Lot Details

  • 9,148 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

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

Unfinished Basement

  • Basement Fills Entire Space Under The House

Parking

  • 11 Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking

Utilities

  • Zoned Heating
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 11 Units

Listing and Financial Details

  • Tenant pays for heat, internet, cable TV, electricity, gas
  • Assessor Parcel Number 411000 262.54-4-4

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,477

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Multi Family
  • Year Built: 1981
  • Directions: 87 N Main St Mechanicville NY. Next to Lukoil Station
  • Architectural Style: High Rise, Apartment 4 Plus Unit
  • Lot Size Acres: 0.21
  • Parking Features Parking Total: 11.0
  • Sale Detail Buyer Zip Code: 12118
  • Sale Detail Seller Contribution: No
  • Rental Income: 128100.0
  • Flooring:Laminate: Yes
  • Fencing:Back Yard: Yes
  • Flooring:Wood: Yes
  • Architectural Style:High Rise: Yes
  • Special Features: None

Interior Features

  • Flooring: Wood, Laminate
  • Basement: Full, Unfinished
  • Full Bathrooms: 11
  • Total Bedrooms: 9
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 10: 3rd
  • Bathroom Levels Full Bathroom 2: 1st
  • Bathroom Levels Full Bathroom 3: 1st
  • Bathroom Levels Full Bathroom 4: 2nd
  • Bathroom Levels Full Bathroom 5: 2nd
  • Bathroom Levels Full Bathroom 6: 2nd
  • Bathroom Levels Full Bathroom 7: 2nd
  • Bathroom Levels Full Bathroom 8: 3rd
  • Bathroom Levels Full Bathroom 9: 3rd
  • Full Basement: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Exterior Features: Other, None
  • Roof: Flat
  • Construction Type: Brick
  • Fencing: Back Yard
  • Waterfront: No
  • Exterior Features:None37: Yes
  • Exterior Features:Other58: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Parking Features: Paved, Driveway
  • Attached Garage: No
  • Open Parking: Yes
  • Total Parking Spaces: 11.0
  • Property Detail:Parking YN: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Paved: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Zoned, Natural Gas
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Zoned: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Mechanicville

Lot Info

  • Parcel #: 411000 262.54-4-4
  • Lot Size Sq Ft: 9147.6

Rental Info

  • Tenant Pays: Heat, Internet, Cable TV, Electricity, Gas

Tax Info

  • Tax Annual Amount: 16477.0

Multi Family

  • Number Of Units Total: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2023
Closed on
Nov 22, 2023
Sold by
Ridgevale Capital Llc
Bought by
Lilo Properties Llc and Laroo Management Llc
Seller's Agent
Ryan Mortka
Coldwell Banker Prime Properties
Buyer's Agent
Jeffrey Latinville
Realty One Group Key
List Price
$850,000
Sold Price
$825,000
Premium/Discount to List
-$25,000
-2.94%
Views
17

Purchase Details

Listed on
Mar 29, 2023
Closed on
May 23, 2023
Sold by
Gansberg Group Llc
Bought by
Ridgevale Capital Llc
Seller's Agent
Thomas Chenaille
Anchor Realty Services LLC
Buyer's Agent
Ryan Mortka
KW Platform
List Price
$724,900
Sold Price
$700,000
Premium/Discount to List
-$24,900
-3.43%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.01%
Original Mortgage
$715,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 29, 2023
Closed on
May 17, 2023
Sold by
Gansberg Group Llc
Bought by
Ridgevale Capital Llc
Seller's Agent
Thomas Chenaille
Anchor Realty Services LLC
Buyer's Agent
Ryan Mortka
KW Platform
List Price
$724,900
Sold Price
$700,000
Premium/Discount to List
-$24,900
-3.43%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Lilo Properties Llc $825,000 Smpr Title
Ridgevale Capital Llc $700,000 Westcore Title
Ridgevale Capital Llc $700,000 Westcor Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lilo Properties Llc $500,000
Closed Lilo Properties Llc $268,000
Previous Owner Ridgevale Capital Llc $715,000
Previous Owner Ridgevale Capital Llc $715,000
Previous Owner Slmc Acquisitions Llc $2,852
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2023 11/24/23 Sold $825,000 -2.9% $92 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
09/11/2023 09/11/23 For Sale $850,000 +21.4% $94 / Sq Ft
05/23/2023 05/23/23 Sold $700,000 -3.4% $72 / Sq Ft
04/04/2023 04/04/23 Pending -- -- --
03/29/2023 03/29/23 For Sale $724,900 -- $74 / 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 $16,766 $660,000 $36,000 $624,000
2023 $13,400 $660,000 $36,000 $624,000
2022 $13,400 $660,000 $36,000 $624,000
2021 $13,400 $350,000 $36,000 $314,000
2016 $13,400 $350,000 $36,000 $314,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Ryan Mortka

    Coldwell Banker Prime Properties

  • T

    Seller's Agent in 2023

    Thomas Chenaille

    Anchor Realty Services LLC

    Section Image

  • J

    Buyer's Agent in 2023

    Jeffrey Latinville

    Realty One Group Key

    (518) 593-2855

    3 in this area

    8 Total Sales

    Jeffrey Latinville
    Section Image
  • Drew Reynolds

    Buyer Co-Listing Agent in 2023

    Drew Reynolds

    T & C Realty

    (518) 788-5097

    8 in this area

    61 Total Sales

    Drew Reynolds
    Section Image
See All Agents

Map

Source: Global MLS

MLS Number: 202324526

Global MLS

APN: 411000 262.54-4-4

New York Saratoga County Mechanicville 12118

87 N Main St, Mechanicville, NY

This home is located at 87 N Main St, Mechanicville, NY 12118 since 11 September 2023. This property was built in 1981. 87 N Main St is a home located in Saratoga County with nearby schools including Mechanicville Elementary School, Mechanicville Junior/Senior High School, and Augustine Classical Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Global MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.



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