Details
Address:251 Main StreetType:CommercialStyle:3 StoryBedrooms:4"Two - 2 Bedroom Apartment"Bathrooms:3"One bath on each floor"Basement:No"Crawl space"Size:1,200 sq. ft.Lot Type:RectangularLot Size:0.08 acres50ftx65ftYear Built:1893"Updated to 1990 Equivalent"Taxes:$2,708.00 USD (2009)
Description
This is a three story building consisting of retail or professional space at street level with 2 apartments above. Conveniently located in the North Creek business district. Cash positive today and positioned to increase in value with the Gore Mountain expansion.
Two - 2 Bedroom apartments; one on each of the second and third floors. These apartments have an excellent rental history as year round residences. They'd also make excellent owner occupied space for the owner who chooses to live on the 3rd floor and let the income pay their mortgage. Similarly, these would make fine seasonal rentals to skiers and vacationers. Spectacular mountain views from the front and view of the North Creek Ski Bowl trails from the rear.
Looking for a place in "the country", but still within walking distance to dining and services? This is it. There is an excellent bakery cafe across the street and one of the best wine/beer bars just a 2 minute walk (if you walk really slowly), yet this location still offers quiet.
Income - Tenants pay rent plus a heating assessment during the heating season.
Total Annual Income $20400- plus heating assessments.
Expenses - $7700
The building has been fully renovated including a new furnace and water heaters, updated electric and plumbing. Coming in the Spring of 2011- the New York State Green Home Green Jobs energy loan program will offer low cost loans for even more upgrades. The North Creek business district has very limited expansion opportunities.
This property is certain to increase in value as the Gore Mountain expansion continues to fuel growth in this community.
"Completely Updated"
Bergman Real Estate
Mark Bergman
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