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"Excellence through Knowledge"
143 Longview Drive
Chatham, New York 12037
Tel: 518-392-7062
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SIX FAMILY IN EAST CHATHAM
$259,000.





Muti Family for sale
View of Main House from Street


front view rear view
Side view of the Main House and Street View


front view rear view
The 2 Bedroom Single Family Rental and view of land from nearby post office



Located on Route 295 in the hamlet of East Chatham, this fully occupied Six (6) Unit investment property is a money maker. There is a main house with 5 rental units and a 2 bedroom ranch-style house. The tenants pay for their own heat and electric. New Thermopane windows were installed in 2013 and a new septic system was installed in 2012. Total gross monthly income is $4,175. or $50,10 per year. Monthy expenses are approximately $800 per month or $9,600. per year. ANNUAL NET INCOME IS APPROXIMATELY: $40,500.

Here is the description of the units:

    RENTAL UNITS
  • 2Bed/1Bath - Main House - $700 per month
  • 1Bed/1Bath - Main House - $650 per month
  • 1Bed/1Bath - Main House - $650 per month
  • 1Bed/1Bath - Main House - $600 per month
  • Office/1Bath - Main House - $600 per month (currently used by Seller)
  • 2Bed/1Bath-SingleFamilyHome-$975 per month (includes 1-car garage)

TOTAL MONTHLY GROSS INCOME: $4,175. per month or


    MONTHLY EXPENSES
  • $450. - Real Estate Taxes
  • $175. - Insurance
  • $70. -Propane (for Hot Water)
  • $30. - Electric - tenants pay for their own heat snd electric
  • $75. - Miscelaneous - occasional minor repairs

TOTAL MONTHLY EXPENSES: $800. per month


Aerial view of the property




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