500 East Monroe Street

Little Falls, NY 13365

$80,000
Last Sold Price
8
Beds
3
Baths
4,024 Sq. Ft.
$20 / Sq. Ft.
4,024
Sq. Ft.
$20
per Sq. Ft.

Description

Now active on the market is a fully rented 3-unit home with long-time tenants, low maintenance cost and amazing cash flow! The home holds 8 bedrooms throughout the 3 units. This is a high-yield property that had recently received major CAPEX improvements and had all major repair work completed! The owners have also completed improvements including new porches and concrete drains. The in-place rents near $20k gross and a NOI of $13k, providing major substantial upside at market rents without a need...Now active on the market is a fully rented 3-unit home with long-time tenants, low maintenance cost and amazing cash flow! The home holds 8 bedrooms throughout the 3 units. This is a high-yield property that had recently received major CAPEX improvements and had all major repair work completed! The owners have also completed improvements including new porches and concrete drains. The in-place rents near $20k gross and a NOI of $13k, providing major substantial upside at market rents without a need for major improvements! One tenant pays for a full year of rent in advance at the currently discounted rate while other rents are substantially below market as well. This is a great chance to secure an investment property, generate additional income while living in a unit, or to maintain privacy while keeping your loved ones close. Schedule a tour with us today!
  1. Listed by Brandon Mosher • RIVER HILLS PROPERTIES LLC LF
    P: 315-508-5268 C: 315-508-5268 riverhillsbrandon@gmail.com

Property Details for 500 East Monroe Street

On Waterfront
No
Parking Description
Common, Gravel
Nearest Cross Street
North Ann Street

Location

Listing Courtesy of RIVER HILLS PROPERTIES LLC LF

Sold By MVAR NONMEMBER

Add your commute
LISTING UPDATED: 03/24/2023 04:49 PM

Property Details for 500 East Monroe Street

StatusClosed
MLS #S1391414
Days on Market28
Taxes$4,247 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1900
Lot Size-
CountyHerkimer County

Location

Listing Courtesy of RIVER HILLS PROPERTIES LLC LF

Sold By MVAR NONMEMBER

Add your commute

Building Information for 500 East Monroe Street

Stories2Residences3Year Built1900Building Size-Lot Size-

Payment Calculator

$791 per month

30 year fixed, 7.25% Interest

Principal and Interest

$437

Property Taxes

$354

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 500 East Monroe Street

Summary
Location and General Information
  • Elementary School District: Little Falls
  • High School District: Little Falls
  • Middle Or Junior School District: Little Falls
  • Village: Not Applicable
  • Human YN: No
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Little Falls-City-210900
  • Tax Annual Amount: $4,247.00
Property
Lot Information
  • Building Area Total: 4024.0
  • Land Features: Residential Lot
  • Lot Size Units: Acres
  • Parcel Number: 114.60-4-34
  • Road Frontage: City Street
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $15,400
  • Year Built: 1900
  • Year Built Description: Existing
Utilities
  • Num Of Electric Meters: 3
  • Num Of Gas Meters: 3
  • Utilities Available: Sewer Available, Water Available
  • Water Supply: Not Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Siding
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Hardwood, Varies
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 4024.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Net Operating Income: -$4,247.00
  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Operating Expense Includes: Other, See Remarks
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $375.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: ,Living Room
  • Unit Type Total Rent: $375.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 375
Unit 2
  • Unit Type Actual Rent: $550.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Features: ,Living Room
  • Unit Type Total Rent: $550.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 550
Unit 3
  • Unit Type Actual Rent: $600.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Features: ,Living Room
  • Unit Type Total Rent: $600.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 600
Rental
Rental Information
  • Rent Includes: Other, See Remarks
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 500 East Monroe Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 500 East Monroe Street

Taxable ValueLand$1,200Additions$14,200Total$15,400
Tax Record2020$2,768 ($231 / month)
Home Facts
Baths3Total Finished SqFt4,024 SqFtAbove Grade Finished SqFt4,024 SqFtStories2Lot Size8,379 SqFtStyleTriplexYear Built1900ZoningR2CountyHERKIMERAPN210900 114.60-4-34

Schools near 500 East Monroe Street

This home is within Little Falls City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 9 to 12
Private - K to 12
Rating
School
Distance
Benton Hall Academy
PublicPK to 5

Little Falls High School
Public9 to 12

Mohawk Valley Christian Academy
PrivateK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of RIVER HILLS PROPERTIES LLC LF

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.