Property Description for 1787 Monroe Ave
Potential Development Site For Sale (R8), Multi family home with steady income.
Viewing by appointment only, email 48 hours in advance to confirm.
Lot Size: 25 ft x 95 ft
Year Built: 2007
Bedrooms: 11 total
• Main House: 9 bedrooms, 6 full baths (occupied by 3 families, spanning from 1st to 3rd floor)
• Basement: 2 bedrooms, 1 bath (currently not occupied)
• Livable area: 4,400 sq. ft.
Features:
• Backyard: Yes
• Parking: 2 spots in the front yard
• Expansion Potential: House can be expanded utilizing the front yard and backyard space
• Zoning: R8 (High potential for build up)
Financials:
• 421a Tax Abatement: 25 years starting from the 2nd half of 2021
• Annual Tax: Approximately $2,100
• Annual Water Costs: Approximately $5,000
• Annual Electricity Costs: Approximately $600
Recent Upgrades:
• New water boilers/tanks installed
• No major repairs needed
Additional Information:
• Attendee panel closed