547 Broadway, Monticello, NY 12701

Property Description

Calling all investors. This is a strong income-producing opportunity located at 547 Broadway in Monticello, New York, positioned on a prominent corner lot along busy State Route 42 with excellent visibility and steady traffic flow. The property consists of three buildings and generates positive cash flow, making it an attractive addition to any investment portfolio. The residential portion includes three apartments: Apartment #1 is a one-bedroom unit currently rented for $1,050 per month, Apartment #2 is a two-bedroom unit rented for $1,300 per month, and Apartment #3 is a one-bedroom unit rented for $1,000 per month. In addition to the residential income, the property also features a separate retail building operating as a retail store, which is leased for $1,500 per month, providing an additional and stable revenue stream. The owner currently covers property expenses including taxes, water, sewer, lawn maintenance, snow plowing, and insurance, while all tenants are responsible for their own electric utilities, helping to control operating costs. An added benefit is that the current owner is willing to remain as a tenant by leasing the first-floor office space, offering built-in occupancy and immediate supplemental income for a new owner. The property offers ample on-site parking and is ideally situated within walking distance to local shopping, restaurants, and public transportation, enhancing its appeal to both residential and commercial tenants. With its high-visibility location, multiple income streams, and consistent rental history, this property presents a solid investment opportunity in the heart of Monticello