$55,000
$50,000
10.0%For more information regarding the value of a property, please contact us for a free consultation.
2,756 SqFt
SOLD DATE : 08/26/2022
Key Details
Sold Price $55,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,756 sqft
Price per Sqft $19
MLS Listing ID R1409204
Sold Date 08/26/22
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $1,915
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 59X121
Property Description
Rarely available triplex in the quaint Village of Belmont in the heart of Allegany County with loads of original ornate architectural details. Owner-occupants...live for free while 2 units pay for the mortgage. Airbnb investors...Close proximity to the expressway, state forests/campgrounds, walking distance, on sidewalk-lined streets to the Genesee River Dam fishing spot(s), Library, Belmont Circle Park, 10 minutes to Angelica & 19 minutes to Alfred State College & Alfred University, & 20 minutes to Houghton College. Perfect for an in-law setup, or to add another cash cow to your portfolio. Double-digit cap rate (20%+) with over $23,000 gross revenue. Separate utilities, low maintenance yard, off-street parking, 2 porches, recent upgrades include tear-off roof ('17/'19), high-efficiency hot water tanks ('15), new Pex plumbing throughout, kitchen appliances in each unit, NEW ('21) covered front porch, covered back porch. The spacious and semi-private backyard is a bonus.
Location
State NY
County Allegany
Area Belmont-Village-022801
Direction Routh 86 to Route 19.
Rooms
Basement Full
Interior
Heating Gas, Wall Furnace
Flooring Carpet, Hardwood, Varies, Vinyl
Fireplace No
Window Features Storm Window(s),Wood Frames
Appliance Gas Water Heater
Laundry Washer Hookup
Exterior
Exterior Feature Deck, Patio
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt,Metal
Porch Deck, Patio
Building
Story 2
Foundation Stone
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Wood Siding,Copper Plumbing,PEX Plumbing
Construction Status Existing
Schools
School District Genesee Valley
Others
Tax ID 022801-172-013-0001-044-000-0000
Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan
Financing Conventional
Special Listing Condition Standard
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