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55 Foss Rd 1,800 SF Specialty Building Offered at $619,979 CAD in Monticello, NY 12701
INVESTMENT HIGHLIGHTS
- Can be seen from Rte 17
- Vacant Lot used for impounding
- Income from house, garage and billboard
EXECUTIVE SUMMARY
This is a unique opportunity to own a money maker. Property consists of two parcels, one lot is 1.23ac and has the house, auto shop for repairs, towing and storage, and the billboard. It is zoned commercial and has a tenant in there for 2 years that does auto repair and maintenance with 4 bays 2 are 10 ft high, 1 is 9 ft high with rent at $1,500/mo or $18,000 a year. The billboard is rented at $600/mo or $7,200 per year. The home next to the shop is $1,600 a month, till January, and then will increase to $1,800/mo. The second is the bigger lot and is 2.22ac used for storage and impound. Property can be seen from Rte 17 at exit 107 westbound. Lot can hold up to 50 junk cars. The house has 2 bedrooms and tenant pays all utilities. Insurance $5,500/yr.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$64,478
|
$35.82
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$64,478
|
$35.82
|
| Taxes |
$11,711
|
$6.51
|
| Operating Expenses |
$7,578
|
$4.21
|
| Total Expenses |
$19,288
|
$10.72
|
| Net Operating Income |
$45,190
|
$25.11
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $64,478 |
| Annual Per SF | $35.82 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $64,478 |
| Annual Per SF | $35.82 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,711 |
| Annual Per SF | $6.51 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $7,578 |
| Annual Per SF | $4.21 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $19,288 |
| Annual Per SF | $10.72 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $45,190 |
| Annual Per SF | $25.11 |
PROPERTY FACTS
| Price | $619,979 CAD | Lot Size | 3.40 AC |
| Price Per SF | $344.43 CAD | Building Size | 1,800 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1974 |
| Property Subtype | Self-Storage | Parking Ratio | 5.56/1,000 SF |
| Building Class | C | ||
| Zoning | industrial - Motor Vehicle Service-430 | ||
| Price | $619,979 CAD |
| Price Per SF | $344.43 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 3.40 AC |
| Building Size | 1,800 SF |
| No. Stories | 1 |
| Year Built | 1974 |
| Parking Ratio | 5.56/1,000 SF |
| Zoning | industrial - Motor Vehicle Service-430 |
1 1
PROPERTY TAXES
| Parcel Number | 4689-024-0-0001-060-001 | Total Assessment | $275,552 CAD |
| Land Assessment | $21,068 CAD | Annual Taxes | $11,711 CAD ($6.51 CAD/SF) |
| Improvements Assessment | $254,484 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
4689-024-0-0001-060-001
Land Assessment
$21,068 CAD
Improvements Assessment
$254,484 CAD
Total Assessment
$275,552 CAD
Annual Taxes
$11,711 CAD ($6.51 CAD/SF)
Tax Year
2024
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55 Foss Rd
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