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    39 Hillside Ave Monticello, NY 12701

    For Sale
    $575,000

    7-Unit Property, High Rental Income, Expansion Potential

    Property size:
    7,612 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional Monticello, NY investment property at 39-41 Hillside Ave offers a compelling blend of immediate income and significant future growth potential. The 7,612 square foot building currently houses seven units, six of which underwent extensive renovations in 2024. These renovated units generate a substantial annual rental income of $82,764, providing a strong return on investment from day one. The property sits on a 0.62-acre lot and is priced at $575,000. Adding to its appeal is the possibility of acquiring an adjacent 0.62-acre lot for $350,000, presenting a unique opportunity to develop up to seven additional condo units. This expansion potential significantly enhances the long-term value and profitability of the investment. Located in Monticello, NY, this property benefits from a thriving rental market and a promising growth trajectory, making it an ideal choice for investors seeking both immediate cash flow and substantial future appreciation. The combination of existing rental income, renovation updates, and the potential for expansion makes this a truly remarkable investment opportunity in a rapidly developing area. Don't miss this chance to secure a prime piece of Monticello real estate.

    Property Features for 39 Hillside Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,612 SF
    Lot Size
    27,007 SF

    Building Details

    Year Built
    1980
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Sullivan County
    State
    New York
    Longitude
    -74.70136
    Latitude
    41.65623

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    FAQs

    What type of property is this?
    Commercial real estate - 7-Unit Property, High Rental Income, Expansion Potential
    Where is this commercial real estate located?
    The property is located at 39 Hillside Ave Monticello, NY.
    What is the asking price?
    The asking price for this property is $575,000.
    (845) 533-6565
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    39 Hillside Ave Monticello, NY 12701
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    Monticello, NY 12701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    39 Hillside Ave Monticello, NY 12701
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