1517 Van Vranken Avenue, Schenectady, NY 12308 (MLS# 202623661)

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Property Description
Solid 3-Unit Investment Property Near Union College! Great opportunity to own a solid three-unit property conveniently located within walking distance to Union College. This well-established multi-family offers spacious flats with generously sized rooms and a desirable mix of units: one 3-bedroom, one 2-bedroom, and one 1-bedroom apartment. Each unit features separate heat and electric and comes equipped with a stove and refrigerator. The 3-bedroom unit also includes a washer and dryer. Additional features include off-street parking, an enclosed rear porch, and a full basement. The first-floor unit is currently vacant and ready for immediate occupancy, making this a great option for an owner-occupant looking to offset their mortgage with rental income or an investor who wants the opportunity to establish a new tenant and rent. The second-floor tenant has been in place for approximately 3 years, while the 1-bedroom tenant has called this property home for an impressive 30 years, providing a strong history of tenant stability. With its spacious units, separate utilities, off-street parking, and excellent location near Union College, this is a terrific opportunity to add a solid three-family property to your investment portfolio or live in one unit while collecting rent from the other two.

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