752 Columbia Turnpike East Greenbush NY 12061 MLS #202216004

752 Columbia Turnpike

East Greenbush, NY, 12061

$699,900

Beds

0 Baths

SqFt

0.28 Acres

Welcome to this great investment opportunity. This property consists of a 3 unit apartment building with an office and a 9 unit motel. Apartment gross income is $33,630 based on 95% occupancy and Motel gross income of $122,717 based on 80% occupancy for a total of $156,347 in gross income. Seller currently provides heat, hot water, and electric for two of the apartment units but is planning to install new furnaces in apartments and separate electric utilities as well. The current yearly expense for the seller is approximately $8400 and the Pro-forma is based on apartment tenants paying for their own utilities. There is also a single-family home that can be purchased as part of the deal but is not included as part of the listing.

Property Details

Price:

$699,900

MLS #:

202216004

Status:

Active

Baths:

Address:

752 Columbia Turnpike

Type:

Commercial

Subtype:

Hotel-Motel

City:

East Greenbush

Listed Date:

Apr 21, 2022

State:

ZIP:

12061

Lot Size:

0 acres

Year Built:

1955

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Courtesy of McCurdy Real Estate Group, Inc. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Global MLS. Detailed information about real estate listings held by brokerage firms other than Canaan Realty include the name of the listing broker. Neither the listing company nor Canaan Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Global MLS. All rights reserved.

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752 Columbia Turnpike

East Greenbush, NY