Property Type:Multi Family
Lot Size:2,178 Sq. Ft.
Motivated Seller! Add these two solid brick buildings totaling 9 Units to your portfolio. At just over $30k/unit this will give you a solid cash on cash return. Buildings passed code inspections one year ago but now need some work. Has had a maintenance person in place for a long time, and has maintained the buildings throughout ownership. Some work and patience will be needed to get this preforming at market value. Must sell both buildings together and can not be delivered vacant. After purchase, could easily BRRR while refinancing separately. Once this building is operating at market value with current tenants this will bring in $6k+ a month. Currently, receiving $4600/month with plans for another $750/mo expected soon.
Price Change History
|Date||Old Price||New Price||Percent Change|
Address:660 & 663 2nd Ave, Troy, NY 12182
Style:Apartment 4 Plus Unit
Construction Materials: Brick
Features / Amenities
Heating: Hot Water
|Finished Sq. Ft.|
Lot Size: 0.05 Acres / 2,178 Sq. Ft.
Sewer: Public Sewer
Directions:Go North on 2nd ave. One is on the right hand side and the other on the left.
Tax and Financial Info
Tax Annual Amount: $9,738.92
Possession: Subject To Tenant Rights, At Closing
Documents Available: LNF
WALKING AND TRANSPORTATION
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Listing provided courtesy of Alison Walden (518-859-0550), Field Realty.
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