2851 Milton Avenue
Geddes, NY 13209
- 2 beds
- 3 baths
- 1,488 sqft
- 5,544 sqft lot
- $134 per sqft
- 1991 build
- – on site
This low maintenance, hassle-free mixed-use property in Solvay comes with long-term, stable tenants and has great value-add potential. There are two 1-bedroom apartments on the 2nd floor currently rented for $650/$725 and an updated commercial space on the 1st floor rented for $900, tenants pay their own utilities. Rents are significantly below market, this property could easily generate $3,000/mo+ in gross rents. There is historic demand for apartments and the high-visibility location makes the commercial space very attractive for a small business. Built in 1991, this is a rare opportunity to buy a newer construction investment property, meaning fewer headaches and maintenance calls. Features include electric baseboard and radiant heat (no furnaces!), vinyl siding, and no basement.
Last checked:
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Checking…
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Last updated Nov 4, 2024
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MLS# S1564091 —
The Building
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Year Built:1991
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Year Built Details:Existing
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Construction Materials:VinylSiding,CopperPlumbing
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Architectural Style:Duplex
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Roof:Asphalt,Shingle
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Basement:None
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Basement:false
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Foundation Details:Slab
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Levels:Two
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Building Area Total:1488.0
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Building Area Source:PublicRecords
Interior
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Flooring:Carpet,Laminate,Varies,Vinyl
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Fireplace:false
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Stories:2
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Stories Total:2
Room Dimensions
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Living Area:1,488 Sqft
Location
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Directions:Milton Ave in village of Solvay
The Property
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Property Type:Residential
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Property Subtype:MixedUse
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Property Condition:Resale
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Parcel Number:313201-004-000-0001-001-000-0000
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Zoning Description:Commercial
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Lot Features:CornerLot
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Lot Size Dimensions:63X88
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Lot Size Acres:0.1273
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Lot Size SqFt:5544.0
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Lot Size Area:0.1273
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Lot Size Units:Acres
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Waterfront:false
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Road Frontage Type:MainThoroughfare
Listing Agent
- Contact info:
- Agent phone:
- (315) 396-0493
- Office phone:
- (315) 396-0493
Taxes
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Tax Lot:1
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Tax Annual Amount:7346.0
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Tax Assessed Value:111800
Beds
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Bedrooms Total:2
Baths
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Total Baths:3
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Full Baths:2
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Half Baths:1
The Listing
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Virtual Tour URL Branded:https://www.propertypanorama.com/instaview-tour/syr/S1564091
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/syr/S1564091
Heating & Cooling
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Heating:Baseboard,Electric,Radiant
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Heating:true
Utilities
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Utilities:CableAvailable,SewerConnected,WaterConnected
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Electric:CircuitBreakers
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Sewer:Connected
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Water Source:Connected,Public
Appliances
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Appliances:ElectricWaterHeater
Schools
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Elementary School District:Solvay
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Middle Or Junior School District:Solvay
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High School District:Solvay
The Community
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Senior Community:false
Parking
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Garage:true
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Garage Spaces:1.0
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Parking Features:Paved,TwoOrMoreSpaces
Monthly cost estimate
Asking price
$199,900
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,070
|
| Taxes | $612 |
| Insurance | $54 |
| Utilities | $140 See report |
| Total | $1,876/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/9/24
Sep 9, 2024
|
Listed / Active | NYSAMLS | $199,900 | 22.6% (8.3% / YR) |
|
12/20/21
Dec 20, 2021
|
NYSAMLS | $163,000 |
83% of nearby similar homes sold for over asking price
Similar homes that sold in bidding wars went $28k above asking price on average, but some went as high as $75k over asking price.
