OLIVE NY - ID: 20182961
On the Market
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  • Price: $329,000
  • Sq. Feet: 2,932
  • Garage: 2
  • Acreage: 0.79
  • Year Built: 1920
  • School District: ONTEORA CENTRAL
  • CONTACT
    Grist Mill Real Estate
    (800) 664-5503
    gristmill@gristmillrealestate.com
Property Type: Mixed Use

Description: Great mixed use building with long term US Post Office as the anchor tenant. It's a rare opportunity to acquire a building with Post Office lease in place until 2021. The lower level is occupied by the Post Office located in Olivebridge, New York. The first floor is handicap accessible, has loading dock with lift in rear, and plenty of parking. The upstairs offers a newly painted, 1446 square foot, 3 bedroom, one bath apartment with wood floors, large balcony, with washer and dryer on ground floor, lots of storage space and a partially finished attic. Basement access on lower level and also a detached 2 car garage. Apartment is currently vacant with a rent possibility of $1100-$1300 per month. Garage is rented out to a great tenant that pays in advance. Cap rate of 8.02% based on apartment rent of only $1100.00. Don't let this one get away!
Cap Rate in Documents. Tenants pay own utilities. Please be respectful of the post office being an open & operating business.


FEATURES:
ZONE: 01
LOT DIMENSIONS: 0.79
CONDITION: Very Good, Good
ELECTRICITY: 200 Amps
LOT FEATURES: Level, Parking Lot
LOT/SITE: Hamlet/Village, Freestanding
ROAD FRONTAGE: State Road, Paved

Listing courtesy of: Win Morrison Realty / Listing Agent: Cheryl Nekos
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