12 Beds
7 Baths
5,829 SqFt
12 Beds
7 Baths
5,829 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,829 sqft
Price per Sqft $128
MLS Listing ID 202625284
Bedrooms 12
Full Baths 6
Half Baths 1
HOA Y/N No
Year Built 1950
Annual Tax Amount $15,721
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Multi Family
Source Global MLS
Property Description
Fully rented and turnkey, this 6-unit multifamily property offers a stable, income-producing asset with room to grow. Each unit is separately metered with individual electric heat and its own hot water tank, keeping utility costs cleanly divided between tenants. The property also features ample on-site parking for residents, and is located +/- 250 feet from the ALCO Heritage Trail bike path.
Currently generating an approximate 6% cap rate, the property presents a clear path to an estimated 8% cap rate through market-rate rent adjustments -- offering investors meaningful upside in both cash flow and long-term value.
A well-maintained, fully occupied property with strong fundamentals and clear growth potential. Pro forma available upon request.
Location
State NY
County Schenectady
Direction Take a left off of Front St.
Body of Water Erie Canal
Interior
Heating Electric
Exterior
Exterior Feature None
Waterfront Description Other
Building
Sewer Public Sewer
Water Public
Architectural Style Apartment 4 Plus Unit
Schools
School District Schenectady
Others
Tax ID 421500 39.56-2-11.1
Special Listing Condition Standard
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