Turnkey Duplex with Private
2973 State Route 11 Mooers Forks, NY 12959
2973 State Route 11, Mooers Forks, NY, 12959
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For Sale
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Well-maintained duplex on a private lot with two 2-bedroom units, each offering covered porches and in-unit washer and dryer.
Property Size2,400 SF
Price / SF$120.83
Days on Market80
Property Features for 2973 State Route 11
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1986
Listing agency
Coldwell Banker Whitbeck
(518) 562-9999
Listed by
Kimberly Llewellyn · License #10301209351
Source
Crexi
Added: May 5 Updated: Jul 21 at 7:42PM Checked: Jul 22 at 3:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Whitbeck
Investment Insights
Based on property information with market context.
This turnkey duplex offers two separate residential units on a private lot. Each unit features 2 bedrooms and 1.5 baths, along with private covered porches. The property was completely updated in 2019, and the units include in-unit washer and dryer with functional layouts and separate living spaces.
The duplex is located at 2973 State Route 11 in Mooers Forks, NY. Ample parking is available on site.
Designed for both rental generation and owner-occupancy, the property provides a straightforward two-unit configuration with modernized updates and immediate occupancy.
The duplex is located at 2973 State Route 11 in Mooers Forks, NY. Ample parking is available on site.
Designed for both rental generation and owner-occupancy, the property provides a straightforward two-unit configuration with modernized updates and immediate occupancy.
Key Highlights
- Duplex built in 1986 with two 2‑bedroom, 1.5‑bath units on a private lot
- Completely updated in 2019 and ready for immediate occupancy
- Each unit has private covered porches and in‑unit washer and dryer
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $13.20 |
| − Vacancy | −$2.4k | −$1.00 |
| EGI | $29.3k | $12.20 |
| − OpEx | −$8.8k | −$3.66 |
| NOI | $20.5k | $8.54 |
2,400 SF · lease $13.20/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$292.7K
$256.1K – $341.5K
NOI $20,491 @ 7.0% cap · market cap 7.07%
Second Best
Apartment 5plus
$260.2K
$227.7K – $303.6K
NOI $18,216 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$661.6K
$578.9K – $771.8K
NOI $46,310 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex on a private lot with two 2-bedroom units, each offering covered porches and in-unit washer and dryer.
Where is this duplex located?
The property is located at 2973 State Route 11 Mooers Forks, NY.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Duplex built in 1986 with two 2‑bedroom, 1.5‑bath units on a private lot; Completely updated in 2019 and ready for immediate occupancy; Each unit has private covered porches and in‑unit washer and dryer
