18 Main St Chester, NY 10918
- Mixed-use properties
Current Use by Public Records
- Green Joseph Realtor / Real Estate Agency
Property Details for 18 Main St
- Year built
- 1900
- Property type
- Mixed-use properties
Description
This meticulously maintained brick building at 18 Main St, Chester, NY presents a unique investment opportunity. The property boasts a profitable mix of commercial and residential space. The ground floor features a 500-square-foot store/office currently leased for $1,115 per month. Above, a stunning two-story apartment generates $1,800 in monthly rent. This spacious apartment includes a large, updated kitchen with ample cabinetry, a formal dining room, a bright and airy two-story living room, and a full bathroom on the main level. The second floor offers a private bedroom, a full bathroom, and a loft area. A charming private courtyard adds to the property's appeal. Separate utilities are equipped with high-efficiency boilers, minimizing operational costs. The current expenses total $7305 annually, encompassing insurance ($5520), water ($260), and repairs ($360). The property is offered at $485,000. The seller may consider financing options for qualified buyers. There's also potential to convert the property into a three-family dwelling, further increasing its income potential. This is a rare chance to acquire a piece of Chester's history with significant income generation and future development possibilities.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chester
- County
- Orange
- State
- New York
- Longitude
- -74.2719
- Latitude
- 41.3625
