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84-88 Academy Street, Liberty, NY 12754
$715,000
84-88 Academy Street, Liberty, NY 12754View this property at 84-88 Academy Street, Liberty, NY 12754
84-88 Academy StreetLibertyNY12754
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Property Description
84-88 Academy St: Currently brings in $11,100 monthly. The five units in 84 Academy are making a total of $6900, the two bedrooms downstairs are $1500 each, and the upstairs one-bedrooms are rented for $1300 each. The back house is still empty. In the triplex of 88 Academy, the two-bedroom makes $1600, and the one-bedrooms upstairs is rented for $1400 and $1200. Three buildings are being offered and sold together as one package with nine units. This listing comprises one single-family residence (the single-family and five-family buildings require TLC) with five bedrooms, two full baths, its own utility meter, and oil for heating. A five-family building with two two-bedroom units on the main level and three one-bedroom units on the top level, including access to a finished attic space in the hallway. Each unit has electric baseboard heat and five utility meters. Also included is a triplex with a beautifully renovated two-bedroom unit on the main level (the tenant pays the common area charges) and two one-bedroom units on the top level. The triplex has brand-new ductless AC units for heat and AC. For the single and five-family residences, the landlord pays $14,668 for taxes ($1224 monthly), $485 for water quarterly/every three months, $38 per month for common area electricity, and $2080 annually for insurance. For the triplex, the landlord pays $8,232 for taxes ($686 monthly), $256 for water quarterly/every three months, and $1080 annually for insurance with no common area expense (tenant pays the common area). Close to Highway 17, schools, and local shops and amenities! Call today to schedule a private showing! The projected cap rate is 10-11%.
Full Property Details
Full Property Details for 84-88 Academy St
General
- Sold For: $715,000
- Taxes: $22,900
- Status: Closed
- Type: Multi-Family
- MLS ID: H6260283
- Added to Site: 304 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 10
- Full Bathrooms: 10
Bedrooms
- Total Bedrooms: 16
Additional Information
- Amenities: Park
Parking
- Parking Features: Driveway, Off Street
Location
- County: Sullivan
- Driving Directions: GPS
School Information
- Elem School District: Liberty
- Midd School District: Liberty
- High School District: Liberty
- Elementary School: Liberty Elementary School
- Middle School: Liberty Avenue Middle School
- High School: Liberty High Sch Acad-Newcomers
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Ductless, None
- Heating Type: Electric, Oil, Baseboard
- Water Heater: Electric Stand Alone
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Detached/Attached: Detached
- Construction: Frame
- Basement: Yes
- Basement Desc.: Bilco Door(s), Full Basement, Unfinished
- Common Walls: No Common Walls
- Square Feet: 7,574
- Sq. Ft. Source: Municipality
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.63
- Lot Size (Sq. Ft.): 27,443
- Lot Size Source: Other
- Road Maintenance: Public Maintained Road
- Lot Features: Level, Part Wooded, Near Public Transit
Financial Considerations
- Taxes Include: Trash
- Tax Amount: $22,900
- Tenant Pays: All Utilities
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Keller Williams Realty
Sold by MK Realty Inc
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Price & Sales History for 84-88 Academy St
Date
Details
Price
Change
Source
4/10/2024
Sold
$715,000
-22.7%
MLS
7/18/2023
Listed
$925,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
84-88 Academy Street, Liberty, NY 12754 (MLS# H6260283) is a Multi-Family property that was sold at $715,000 on April 10, 2024. Want to learn more about 84-88 Academy Street? Do you have questions about finding other Multi-Family real estate for sale in Liberty? You can browse all Liberty real estate or contact a Coldwell Banker agent to request more information.