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    8 Cottage Street Ext Monticello, NY 12701

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    For Sale
    $440,000

    Income-producing multi-unit property with subdivision potential near transportation and shopping.

    Lot size:
    0.44 Acres

    Property Features for 8 Cottage Street Ext

    General Information

    Lot size
    0.44 Acres

    Building Details

    Year built
    1910

    Source: Metrex Realty INC Agent Chaim Katz

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

    Overview

    Renovated Multi-Unit Income Property

    Located on a quiet cul-de-sac in Monticello, this income-producing multi-unit property at 8 Cottage St Ext has been fully renovated. The property is situated on a generous lot with potential for subdivision and is conveniently located near public transportation and shopping. The main house includes two updated units. The first floor features a spacious 4-bedroom apartment, while the upstairs unit offers 2 bedrooms. Both units include new kitchens, renovated bathrooms, fresh flooring, and quality finishes. A separate cottage contains a 1-bedroom unit with existing rental income. Tenants are responsible for their own electric and heating. This property offers an opportunity for investors or owner-occupants seeking a turn-key, income-generating multi-unit home.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Sullivan
    State
    New York
    Longitude
    -74.6844287
    Latitude
    41.6575711

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    FAQs

    What type of property is this?
    Multifamily property - Income-producing multi-unit property with subdivision potential near transportation and shopping.
    Where is this multifamily property located?
    The property is located at 8 Cottage Street Ext Monticello, NY.
    What is the asking price?
    The asking price for this property is $440,000.
    What are key features of this property?
    This property features: - Fully renovated, income-producing multi-unit property.; - Separate cottage with existing rental income provides immediate cash flow.; - Tenants pay their own electric and heating, lowering ownership costs.
    (845) 263-7612
    Request Owner's contact information
    8 Cottage Street Ext 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
    8 Cottage Street Ext Monticello, NY 12701
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