ML# :811928 Introducing an exceptional investment opportunity at 39-41 Hillside Ave in Monticello, designed for savvy investors and forward-thinking developers alike! This remarkable property boasts 7 units, with 6 of these units undergoing extensive and stylish renovations in 2024, ensuring they meet the contemporary demands of today’s renters. These upgraded units are currently generating a robust annual rental income of $82, 764, showcasing not only the property’s immediate profitability but also its potential for future growth. In addition to the impressive rental income and value-add opportunity, there’s an exciting option to acquire the neighboring lot for just $350, 000! This parcel holds the potential for constructing 7 condos on these lots, paving the way for substantial future returns in a growing area. Monticello is on an upward trajectory, making this the perfect moment to invest in a property with both immediate cash flow and long-term appreciation potential.The combination of a strong rental market, strategic location, and the possibility of expansion makes this property a standout choice for those looking to make a meaningful impact in the Monticello real estate landscape. Don’t miss out on this lucrative opportunity—seize the chance to invest in your future today!
39-41 Hillside Avenue, Monticello, NY, 12701