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85 Montcalm St 5,394 SF 1% Leased Retail Building Ticonderoga, NY 12883 $225,000 ($41.71/SF)
INVESTMENT HIGHLIGHTS
- Excellent long term rental history!
- Unused space to create more income!
- Builidng is in immaculate condition!
EXECUTIVE SUMMARY
Great investment property with excellent long-term tenants and rental history. Currently offering a main street store front with 3 apartments on the second floor. One large front apartment with 3-bedroom, one bath. The other two apartments both have 2 bedrooms and one bath. There is unused space to create another apartment for more income. Out on the rear deck you can enjoy the breeze, and a view of the river walk trail that is right outside the back door. The store front rental is currently a hobby store selling books, games, movies and more. The tenants pay all utilities including heat. Off street parking with ample space for tenant's and their guests. This property will pay for itself!!
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,394 SF
Building Class
C
Year Built/Renovated
1938/2015
Price
$225,000
Price Per SF
$41.71
Percent Leased
1%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.62
Lot Size
0.20 AC
Zoning
482 - Detached row building mixed-use
Parking
8 Spaces (1.66 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 154800-150-043-0004-001-000-0000 | Total Assessment | $191,900 (2024) |
| Land Assessment | $36,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $155,900 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
154800-150-043-0004-001-000-0000
Land Assessment
$36,000 (2024)
Improvements Assessment
$155,900 (2024)
Total Assessment
$191,900 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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85 Montcalm St
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