39 Hillside Ave Monticello, NY 12701
- Commercial real estate
- 7,612 SF
- 0.62 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 39 Hillside Ave
- Year built
- 1980
- Lot size
- 0.62 lot acres
- Property size
- 7,612 SF
- Property type
- Commercial real estate
Description
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.
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
- Monticello
- County
- Sullivan County
- State
- New York
- Longitude
- -74.7014
- Latitude
- 41.6562
