Below Market Retail Store and 2 Attached Units

5951 Main St, Tannersville, NY 12485

$250,000 After Repair Value -
$110,000 Asking Price -
$50,000 Cost of Repairs =
$90,000 Potential Profit

Property Details

Asking Price $110,000

After Repair Value $250,000

Costs of Repairs $50,000

Potential Profit $90,000

Living Area 5922 ft2

Property Type Multiple / Combo

Bedrooms 3

Bathrooms 2

Half Bathrooms 1

Parking 1

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $3,950

Yearly Expenses N/A

Property Taxes $7,041

Net Operating Income N/A

Cap Rate N/A

Property Description

The retail space used to be a restaurant. The two units are made up of a 2 bed and a 1 bed. Needs approx $50,000 in repairs for the property. Mainly cosmetics and updating but also needs light plumbing. Contact me for more details - .

Repairs Needed

Renovation - cosmetics, updating and light plumbing.


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