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MLS#203809

20 Forge Street, Au Sable Forks

$90,000
**Handyman and Investor Opportunity** This 3-unit apartment building is full of potential. While it is currently vacant and in need of improvements, it was fully rented as recent as August 2024. According to Essex County Fair Market Rates for this area are as followed. Unit 1: 2bed - $1,170; Unit 2: 1 Bed $920; Unit 3: 3bed - $1,470. Total Projected income per year: $42,720. Fixed Expenses. Taxes: $6,531; Water/Sewer: $850; Insurance $1,300. Water and Heat are currently off, Power is on. With proper rehab and once fully rented at Fair Market Values this property has potential to generate immediate equity and cash flow.

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Property Information

Price:
$90,00090000
MLS#:
203809
Type:
Multi-Family
Area: Au Sable Forks, New York
Zoning:
None
School District:
Ausable Valley
Tax Map:
7.76-1-28.100
Total Taxes:
$6,351
Year Built:
1920
Garage / Carport:
No