220 3rd Avenue, Frankfort, NY 13340 | MLS #S1681593 | HUNT Real Estate
 
  • 45 days on site
  • 4 views

Opportunity is knocking! This spacious 3-unit property offers just under 3,000 sq ft and sits on a rare double lot, presenting incredible potential for investors or owner-occupants looking to build equity. The first-floor unit has been completely renovated and features 3 bedrooms, 1 full bath, an eat-in kitchen, formal dining room, and in-unit laundry. Currently rented for $1,200/month, it provides immediate income from day one. The second-floor 3-bedroom, 1-bath unit and third-floor 2-bedroom, 1-bath unit are blank slates ready for renovation and customization to maximize rental income. A full basement with Bilco doors offers excellent storage space and easy access to utilities. Outside, the property features ample off-street parking, a rear patio, and a detached 2-car garage. With strong upside potential and plenty of space, this is your chance to transform a value-add property into a true income-producing powerhouse. Don’t miss this exceptional investment opportunity! Make sure to check out the 3D tour!

Source: New York Alliance, MLS#: S1681593

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  • Property Type
    Residential Income
  • Lot
    0.34 acres

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  • Median Age
    43
  • Population Density
    138
  • College Educated
    36%
  • Estimated Median Income
    $63,800
  • Estimated Total Home Owners
    2,581
  • Estimated Total Renters
    575
  • Owner / Renter Divide
    82% / 18%
  • Estimated Average Household Size
    3
  • Total Population
    8,023
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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