10 Oak StPlattsburgh, NY 12901

Property Details for 10 Oak St

Year built

1958

Lot size

0.12 AC

Property size (Sq ft)

3,140 SF

Zone code

05 - COMMERCIAL

Property type

Investment properties

Property subtype

Live-work space

APN

091300 207.19-3-12

APU

9130020719312

Description

This exceptional investment opportunity presents a well-maintained, fully leased multi-unit property situated in the heart of Downtown Plattsburgh, New York. The building encompasses a total of 3,140 square feet and currently comprises two residential apartments and two commercial units. This presents a diverse income stream and significant potential for future growth. The property is conveniently located, offering easy access to local amenities and businesses. One of the key features is the upstairs commercial unit, which has the potential to be easily converted into a two-bedroom apartment with a modest upgrade to the existing bathroom. A fully equipped kitchen is already in place. The building's current configuration as a mix of residential and commercial spaces provides a flexible and adaptable layout, catering to a variety of tenant needs and maximizing rental income. This property is an excellent choice for investors seeking a stable, high-yield investment in a thriving downtown location. The recent price reduction makes this an even more compelling opportunity. Serious inquiries are encouraged to explore the full potential of this remarkable property. The property sits on a lot with zero acres. The asking price is $339,900.

• CAP approach

  CAP return

  Valuation

  6%

  $780,025

  6.5%

  $720,023

  7%

  $668,593

• Comparable approach

  Method

  Valuation

  Relative Method

  $413,030

  Geo Method

  $410,272

• Alternative Use

  Use

  Valuation

  Residential

  $892,828

  Hospitality

  $817,826

  Educational

  $680,422

  Medical

  $703,822

  Retail

  $1,058,434

Location Insight

City

Plattsburgh

County

Clinton

State

New York

Latitude

44.6965

Longitude

-73.4548

CBSA code

38460

CBSA name

PLATTSBURGH, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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