Temporary reduction in sale price from $285,000 down to $255,000. Property owned by Odin and Vidya Oftedal since 2003. The
4-plex was build in 1983 using 2x6 studs.
It is a simple 2-story structure with a 4-foot crawl space spanning the entire
building. The building can now (as of 2004) be serviced through a new addition
to the main building. This new area is also set up to be used as a future paid laundry
room.
Four Townhouses:
Each
apartment is approximate 1000-sq.ft.
1st Level: Living room, Dinning area, and Kitchen
2nd Level:2 large bedrooms and 1 Full bathroom
Appliances:
Oven/Range
(Gas) Dishwasher Refrigerator combined freezer. Stacked washer and dryer.
Manage by:
The building is at the present time manage by Choice Realty, 260-5621. The rent is
around $685 to $800 a month for each apartment. Full occupancy has been the
norms since 2003 with renewable yearly leases.
Cost of Operation:
- Owner
pay gas bill each month at an average cost of $220 a month.
- Tenants
pay their own electricity at an approximate $50 a month.
- Tenants
have to sign up for personal satellite service, hardware was installed by
owner.
- Owner
pay for weekly removal of garbage service, approximate $65 a month.
- Owner
pay for snow removal at an average of $35 cost each time.
- Owner
pays Beachside Estate Homeowner Association $500 a year.
Note: The Homeowner Association
has been set up strictly for the purposes of the water well system. There are two
water well that supply seven buildings with water. The water is tested ones a
year to meet the State Water Quality Safety Standards. All owners shares the
cost for this testing, inspection, and maintenance of the well, hence the $
$500 fee.
- The
mill rate for this area is 12.10.
- The
KPB Assessed Value for 2008 was $195,700.
- Property
taxes for 2008 was $1937.44
- The
present homeowner insurance policy for this building is $1600 a year for a
$450,000 policy.
Improvements done to this property since 2003:
- Installation
of a new state of the art and DEC approved sewer and septic system. Build
to effectively service the building for at leased a minimum of 25 years
into the future.
- The
construction of a two story 16 x 6 (180-sq.ft.) attachment to the
building for the purpose to better
servicing and maintain the buildings mechanics and utilities. All services
can now be accessed from outside without having to go down through the
floor in Apartment
1.
- A new
water filtration system was installed in the new addition.
- All the
decks in the back has been completely rebuild and skirted (to prevent
animals from residing under the decks). The new decking is now a composite
material that will never rot and demands no maintain.
- Every
apartment has been repainted since 2003; include the most recent, apartment 4,
which was done this January.
- New
carpets has also been installed in all apartments, include the most
recent, apartment
4, which was also done this January.
- One
water heater has been replaced since 2003.One
forced air unit has been replaced. The building has now two new forced air
units in the building.
- Air
ducts has been inspected, upgraded, and repaired.
- Extensive
plumbing work has been done in order to maintain and upgraded the
building.
