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Lacy Realty
Lacy Realty, LLC |
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| Associate Brokers |
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Email Associate |
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Phone: |
315-287-4194 |
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TollFree: |
800-705-7002 |
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Fax: |
315-287-3396 |
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Address:
28 Phelps Rd
Type: Multifamily
Style:
Bedrooms: 10
Bathrooms: 8 "4 half baths, 4 full bath"
Basement: Yes, Full
Size: 4,160 sq. ft.
Lot Type: Rectangular
Lot Size:
4.81acres
125ft x 318ft
"main lot only, also 2 other parcels to total 4.81 "
Year Built: 1974
Taxes: $2,380.00 (2011)
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This four unit apartment house was well designed and well built. It features a 3 bedroom apartment on each end and two 2 bedroom apartments in themiddle. Each apartment has a large kitchen and living room as well as a half bath on the main living floor and then either 2 or 3 bedrooms and a full bath up.Each apartment also has a washer/dryer hook-up in the basement, its own water heater and its own efficient monitor heater. This complex has ampleparking for two vehicles per apartment as well as cable T.V. available. Lawn care, snow removal and garbage pick-up is included in the rent. Since thiscomplex was originally built for electric heat it is well insulated and the electric units are still in place and can be used if wanted. If the buyer lived in one ofthe units this property would be eligible for the STAR exemption. This property has three parcels of land that total 4.81 acres.
The total income from the four units is about $26,000/year. That is based on an average rent of $650/year per unit x 12 x 4 units x an 85% vacancy factor.The owner quoted the expenses to total about $7,000 per year. This includes the owner's electric bill, taxes, maintance and insurance. This, of course,varies year by year. The roof is old on the structure and the owner may be replacing it soon.
Leaving Gouverneur head toward Canton on U.S.H. 11 and go to Richville. Turn right off U.S.H. 11 onto Main Street Richville on the Gouverneur end ofRichville. Take the first right which is Phelps Road and look for the real estate sign in front of this attractive four unit apartment house. |
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Information is deemed to be correct but not guaranteed.
