11 Cedar St, Champlain, NY 12919

THIS A MULTIFAMILY HOME WITH THREE APARTMENTS. UNIT A. IS A THREE BEDROOM TWO BATHS $800 UNIT B. IS A ONE BEDROOM ONE BATH $600 UNIT C. IS A ONE BEDROOM ONE BATH $550 THE RENTAL AMONTS ARE BELOW MARKET VALUE. I HAVE SET THESE AMOUNT TO MAINTAIN A LONG RENTAL HISTORY WITH THE CURRENT TENANTS. THERE IS LEASES IN PLACE. THE BUILDING HAS BEEN COMPLETELY RENOVATED AND THERE IS NEW WINDOWS AND NEW DOORS AND NEW COMMERCIAL METAL ROOF AND ALL NEW HEATING UNITS. THERE IS A LOT OF NEW LED LIGHTING THROUGHOUT AND A NEW WIRELESS SURVEILLANCE SYSTEM IN PLACE. THE RENTAL AGREEMENT INCLUDES SNOW REMOVAL, GARBAGE, LIGHTS, HEAT, AND INTERNET, WATER AND SEWER. I SET UP A FULL EXCLUSIVE RENTAL PACKAGE THAT PROVIDES ALL THE SERVICES AND THIS HAS MAINTAINED A VERY LONG RENTAL HISTORY WITH THE SAME TENANTS. THERE IS $1900 IN REVENUE COMING IN AND THE OVERHEAD RUNS ABOUT $850 A MONTH. I HAVE EXPLAINED TO THE TENANTS THEY MAY HAVE A RENTAL INCREASE OF 20% WHEN THE NEW OWNERS PURCHASE THE BUILDING. BUILDINGS ARE HEATED WITH NATURAL GAS. I ALSO OWN A 4000 SQUARE FOOT CLEAR SPAN COMMERCIAL BUILDING THAT ADJOINS THIS PROPERTY. THERE IS ALSO A ONE BEDROOM APARTMENT IN THE COMMERCIAL BUILDING THAT IM USING FOR AN OFFICE. I WOULD SELL BOTH PROPERTIES FOR $155,000.