14 Chatham St, Nassau, NY

House

For Sale

Listed price in listed location currency (USD).

$999,900

16920

MLS® 202627171

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 6558 sqft

Garage Yes

Taxes $8,200

Days Active 2

Lot Size 1 Acres

Approx. Age 1900

Avg. Price Per Sqft $152

MLS® Number 202627171

Property Address: 14 Chatham St, Nassau, NY, 12123-2530

Average square foot calculated using Size range provided by listing agent.

Description

INVESTOR ALERT! This fantastic property is a great money maker, with a 9+ Cap Rate! Eight fully rented units in four buildings on a one-acre village lot with approximately 122, 500 thousand in annual gross income. Village-approved plans and permits are already in place to convert the garage into two two-bedroom apartments along with County-approved septic plans. Additional septic plans allow for the possible conversion of the unfinished basement into another 2-bedroom apartment pending town approval. Recent improvements include new siding on all buildings, new or recoated roofs, and four new electric services. 6 of the 8 units have been renovated; kitchens, baths, appliances, lighting, water heaters, vinyl plank flooring, and freshly painted. The property includes two up-and-down duplexes and two side-by-side duplexes. The lot extends from Chatham Street to Johns Street, with the Rail Trail near the rear entrance and village shops and restaurants close by. Buyers should verify income, expenses, approvals, and expansion potential. 10 minutes to East Greenbush. 20 minutes to Rensselaer and downtown Albany.

MLS® Number202627171

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1900

BasementUnfinished, Full, Bilco Doors

DrivewayOff Street, Paved, Stone

Garage Spaces

HeatElectric, Baseboard, Forced Air

A/CNone

Extras

Map

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