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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.