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38 Northern Pines Road, Wilton, NY 12831

$325,000
Bedrooms: 6 Lot Size (sq. ft.): 9,583 Status: Closed
Current Price: $325,000 List Date: 8/30/2022 Last Modified: 1/18/2023

Description

Rare opportunity to own a one-of-a-kind investment property in Wilton! This beautiful two-family is located only 15 minutes from Saratoga Springs and right down the road from exit 16 on the Northway. Each unit has 3 bedrooms, 1 and 1/2 bathrooms, large updated kitchen, dining area, 1st floor laundry and covered porch area. Plenty of parking, a good size yard, and hooked up to public sewer. Brings in great income with the potential for more. 8% cap rate!Seasonal or vacation rental potential, as well. The income possibilities are endless! Great location! This is a must see! MOTIVATED SELLER!

More Information MLS# 202225666

Contract Information

Property Sub Type: Duplex Status: Closed Original List Price: 349900 Sold Price: $325,000 Current Price: $325,000 Listing Contract Date: 2022-08-30 List Price/SqFt: 129.75

Location

Street Number: 38 Street Name: Northern Pines Street Suffix: Road County: Saratoga State/Province: NY Postal Code: 12831 City/Town (Mail): Gansevoort Cross Street: Ballard Rd Geo Lat: 43.178063 Geo Lon: -73.744298

Property Detail

Rooms Total: 12 Bedrooms Total: 6 Bathrooms Full: 2 Bathrooms Half: 2 Year Built: 1880 Above Grade Finished Area: 2504 Above Grade Finished Area Source: Public Records Living Area: 2504 Zoning: Multi Residence Lot Size Acres: 0.22 Waterfront Y/N: No Enhanced Accessible Y/N: No Family Room Y/N (Units): Both Units Parking Y/N: Yes

Parcel, Tax, HOA

New Construction Y/N: No Parcel Number: 415600 114.7-2-29 Tax Annual Amount: 3532 Total Taxes Description: Estimated Tax Block: 2 Tax Section: 114.7 Tax Lot: 29 School District: South Glens Falls Elementary School: Ballard High School: South Glens Falls Association Y/N: No

Directions & Remarks

Directions: From exit 16, head west on Ballard Rd, take left onto Northern Pines Rd, house is first on your right. Public Remarks: Rare opportunity to own a one-of-a-kind investment property in Wilton! This beautiful two-family is located only 15 minutes from Saratoga Springs and right down the road from exit 16 on the Northway. Each unit has 3 bedrooms, 1 and 1/2 bathrooms, large updated kitchen, dining area, 1st floor laundry and covered porch area. Plenty of parking, a good size yard, and hooked up to public sewer. Brings in great income with the potential for more. 8% cap rate!Seasonal or vacation rental potential, as well. The income possibilities are endless! Great location! This is a must see! MOTIVATED SELLER!

Status Change Info

Status Change Date: 2023-01-18 Under Contract Date: 2022-11-04 Sold Date: 2023-01-17 Sold Price: $325,000 Sold Price/SqFt: 129.79

Bath Levels

Full Bath 1: 2nd Full Bath 2: 2nd Half Bath 1: 1st Half Bath 2: 1st

Financial Details

General Taxes: 1083 General Taxes Description: Estimated School Taxes: 2449 School Taxes Description: Estimated

Income And Expenses

Rental Income: 35400 Rental Income Description: Yearly Total Income: 35400 Total Income Description: Annual Electric Expense: 360 Electric Expense Description: Estimated Gas Expense Description: Tenant Insurance Expense: 1774 Insurance Expense Description: Actual Miscellaneous Expense: 540 Miscellaneous Expense Description: Actual Water Sewer Expense: 120 Water Sewer Expense Desc.: Estimated Maintenance Expense: 1200 Operating Expense: 3454 Net Operating Income: 27034

Parking Features

Parking Total: 6

Unit 1 Detail

Rent: 1600 Rent Description Unit 1: Actual Lease Term Unit 1: Month To Month Occupant Type Unit 1: Tenant Kitchen Unit 1: Working Only Total Rooms Unit 1: 5 Total Bedrooms: 3 Bedrooms on 2nd Floor: 3 Full Baths 2nd Floor: 1 Partial Baths 1st Floor: 1 Dining Rooms 1st Floor: 1 Kitchens 1st Floor: 1 Living Rooms 1st Floor: 1

Unit 2 Detail

Rent: 1350 Rent Description Unit 2: Actual Lease Term Unit 2: Month To Month Occupant Type Unit 2: Tenant Total Rooms Unit 2: 5 Total Bedrooms: 3 Bedrooms on 2nd Floor: 3 Full Baths 2nd Floor: 1 Partial Baths 1st Floor: 1 Dining Rooms 1st Floor: 1 Kitchens 1st Floor: 1 Living Rooms 1st Floor: 1

Property Features

Architectural Style: 2 Story Attic Features: No Attic Access Basement: Exterior Entry; Full Construction Materials: Vinyl Siding Duplex Type: Side By Side Exterior Features: None Flooring: Carpet; Ceramic Tile; Hardwood; Laminate; Linoleum Heating: Forced Air; Natural Gas Laundry Features: Main Level Owner Pays: Sewer; Trash Collection Patio And Porch Features: Covered; Deck Possession: At Closing Roof: Asphalt; Shingle Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Separate Utilities: Electric; Gas; Heat; Water Heater Sewer: Public Sewer Showing Requirements: 24 Hour Notice; Agent to Accompany; Lockbox; Sign on Property Special Listing Conditions: Standard Tenant Pays: Electricity; Gas; Heat; Hot Water Utilities: Cable Connected Unit 1 Dining Room Type: Dining Area Unit 1 Appliances: Dishwasher; Microwave; Range; Refrigerator; Oven Unit 2 Dining Room Type: Dining Area Unit 2 Appliances: Dishwasher; Microwave; Range; Refrigerator; Oven Water Source: Drilled Well
Information deemed reliable but not guaranteed.