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547 Broadway Monticello, NY 12701

For Sale
$599,000

Three buildings with positive cash flow in high-traffic area.

Lot size:
0.43 Acres

Property Features for 547 Broadway

General Information

Lot size
0.43 Acres

Building Details

Year built
1949

Source: R J Katz Realty Agent Harold B. Reynolds

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Mixed-Use Investment Opportunity

This investment opportunity features three buildings situated on a corner lot in a high-traffic area on State Route 42. The property generates positive cash flow. Apartment #1, a one-bedroom unit, is rented for $1,050 per month. Apartment #2, a two-bedroom unit, is rented for $1,300 per month. Apartment #3, a one-bedroom unit, is rented for $1,000 per month. Additionally, a separate retail building currently operates as a custard stand and is rented for $1,500 per month. The owner covers the costs of taxes, water, sewer, lawn maintenance, snow plowing, and insurance, while tenants are responsible for their electric bills. The owner intends to continue renting one of the offices on the first floor. The location offers ample parking and is within walking distance of shopping, transportation, and restaurants.
Insight Report Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Monticello
County
Sullivan
State
New York
Longitude
-74.6950472
Latitude
41.6567276

FAQs

What type of property is this?
Apartment building - Three buildings with positive cash flow in high-traffic area.
Where is this apartment building located?
The property is located at 547 Broadway Monticello, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: - Positive cash flow from existing rentals.; - High-traffic corner lot location on State Route 42.; - Multiple buildings: Three apartments and a separate retail building.
More about this property
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