MLS#979326
STATUSActive
PROPERTY TYPECommercial -
Property Description
Calling all investors. This is a strong income-producing opportunity located at 547 Broadway in Monticello, New York, positioned on a prominent corner lot along busy State Route 42 with excellent visibility and steady traffic flow. The property consists of three buildings and generates positive cash flow, making it an attractive addition to any investment portfolio. The residential portion includes three apartments: Apartment #1 is a one-bedroom unit currently rented for $1,050 per month, Apartment #2 is a two-bedroom unit rented for $1,300 per month, and Apartment #3 is a one-bedroom unit rented for $1,000 per month. In addition to the residential income, the property also features a separate retail building operating as a retail store, which is leased for $1,500 per month, providing an additional and stable revenue stream.The owner currently covers property expenses including taxes, water, sewer, lawn maintenance, snow plowing, and insurance, while all tenants are responsible for their own electric utilities, helping to control operating costs. An added benefit is that the current owner is willing to remain as a tenant by leasing the first-floor office space, offering built-in occupancy and immediate supplemental income for a new owner. The property offers ample on-site parking and is ideally situated within walking distance to local shopping, restaurants, and public transportation, enhancing its appeal to both residential and commercial tenants. With its high-visibility location, multiple income streams, and consistent rental history, this property presents a solid investment opportunity in the heart of Monticello
Property Features
Property Type: Commercial -
Basement: Full, Storage Space, Unfinished, Walk-Out Access
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Hot Water, Oil
Stories: 3.0
Taxes: $9,397
Feature Descriptions
Building Area Total: 7197
Business Type: Commercial, Mixed, Professional/Office, Residential, Retail
Days on Site: 8
Exterior: Frame
Lot Features: Corner Lot, Level, Paved, Private
On Market Date: 2026-04-01
Parking Features: Parking Lot, Private
Rental Term: Monthly
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Listed By / Shown By
Listing By
Agency Name: R J Katz Realty
Agency Contact: 845-796-2624
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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547 Broadway | MLS# 979326
This commercial property located at 547 Broadway , Monticello, NY 12701 is currently listed for sale with an asking price of $575,000. Search Monticello real estate on www.coldwellbankerchoice.com today.