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107 Railroad Avenue, Middleburgh, NY, 12122

2beds
3baths
2,516sqft
$429,000
$171price/sqft
$3,478/moest. monthly cost
$139,120/yrincome needed

About This Home

Step into a proven income producing opportunity! This 2,516 sq ft mixed-use building features three revenue generating units with long-term tenants in place. Spacious 2-Bedroom Apartment (1,258 sq ft): Occupied by a reliable long-term tenant who would like to stay. Two Storefronts: Value Village Wine & Liquor - thriving, established wine & liquor store included in the sale with strong community presence for more than 36 years. Business grosses $525K+ annually, with $100K in inventory, POS system, mini split with A/C, security cameras, signage and business name all included for a true turnkey transition with distributors, etc. Pet Groomer - loyal, long-term tenant who would like to stay. With a combined NOI of $69,751 and an impressive 15.53% cap rate, this property offers exceptional returns whether you're an investor looking to expand your portfolio or an owner-occupant seeking a steady income stream. Located in the heart of Middleburgh, NY, this is a rare opportunity to own both a successful wine & liquor business and a fully leased income property with immediate cash flow. 24 hour notice required.

Getting Around

54
WalkingSomewhat Walkable
0
TransitVery Limited Transit
45
BikeSomewhat Bikeable

Schools

5/10
5/10
Middleburgh High SchoolGrades 7-120.1 mi

Construction

Condition

  • Year built: 1920

Materials

  • Foundation: Block
  • Roof: Metal
  • Construction materials: Stone,Vinyl Siding,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Triplex,Multi Family

Interior

Appliances

  • Laundry features: Electric Dryer Hookup,Main Level,Upper Level,Washer Hookup

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 3
  • Full bathrooms: 1
  • 1/2 bathrooms: 2

Features

  • Window features: Display Window(s)
  • Flooring: Vinyl,Tile,Wood,Concrete
  • Finished area below ground: 0
  • Finished area above ground: 2,516

Heating & Cooling

  • Heating features: Steam,Oil
  • Cooling features: Ductless

Interior Area

  • Total structure area: 2,516
  • Total interior livable area: 2,516 sqft

Property

Details

  • Parcel number: 4338011061545
  • Attached to another structure: Yes
  • Zoning description: Mixed
  • Special condition: Standard
  • Other equipment: Other,Fuel Tank(s)

Features

  • Patio & porch: None
  • Exterior features: None
  • Fencing: None
  • Has view: Yes
  • View description: Downtown

Lot

  • Lot size: 1,742 sqft
  • Features: Level,Road Frontage

Parking

  • Parking features: Other,None