Bought with Karen Cahill • Howard Hanna Capital Inc.
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26-30 Front Street Waterford, NY 12188
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Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 6,096 sqft
Price per Sqft $196
MLS Listing ID 202419783
Sold Date 01/21/25
Bedrooms 12
Full Baths 12
HOA Y/N No
Originating Board Global MLS
Year Built 2020
Annual Tax Amount $7,772
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Quadruplex
Property Description
48 Hour Contingency. Owner occupied opportunity as of 11/1/24 for beautiful corner unit (or bring new tenant in at higher rent) Ability to raise rents further over next 9 months across all units (by July 2025) It is rare that the opportunity to own a class A 4 unit rental property on the water like this comes along. This property is only 4 years old. Nothing to do but collect rents. 3BR and 3B in each unit. Current construction estimates to build are 1.5-1.75M to build today. $10k in monthly rents can be higher. Financial projections are attached. Flood insurance only $654/year. Short term Airbnb rental opportunity as well as potential subdivision to make townhouses. Each unit has a garage, awesome decks, and views of the historic Erie Canal! 3D tour attached.
Location
State NY
County Saratoga
Direction By Boat: From Erie Canal, Mohawk or Hudson River - Dock on wharf directly in front of the building. By Car: Park at the Waterford Harbor Visiting Center or Public Boat Launch and walk to the building for the best experience.
Body of Water Erie Canal
Interior
Interior Features Paddle Fan, High Speed Internet
Heating Forced Air, Natural Gas
Flooring Carpet, Ceramic Tile, Hardwood
Window Features Double Pane Windows,Insulated Windows
Exterior
Exterior Feature Garden
Parking Features Off Street, Paved, Under Residence, Attached, Driveway, Garage
Garage Spaces 8.0
Waterfront Description Waterfront Deck,River Front
Roof Type Asphalt
Porch Pressure Treated Deck, Deck, Patio
Building
Lot Description Level, Landscaped, Views, Waterfront
Sewer Public Sewer
Water Public
Architectural Style Townhouse, Traditional
Schools
School District Waterford-Halfmoon
Others
Tax ID 415401 296.23-1-16
Special Listing Condition Standard
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