$225,000
Schenectady, NY 12306
MLS# 202013036
Status: Closed
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Property Description
PRICE REDUCTION: Fully occupied 6-unit apartment building offered at a 10% cap rate based on as-is income and expenses. 5 1BR's, one studio, and 3 garage bays. $125/mo upside to rent if owner's garage bay is leased to new tenant. 3 units recently renovated and upside to the rents. Tenants pay ALL utilities. 6 parking spaces onsite. New shingle roof (2011), updated electric and new hot water tanks (2011). Good Condition
Details
Maps
Contract Information
Original List Price: 269900
List Price/SqFt: 79.24
Status: Closed
Property Sub Type: Multi Family
Sold Price: $225,000
Current Price: $225,000
Listing Contract Date: 2020-02-17
Location
Postal Code +4: 5037
City/Town (Mail): Schenectady
Street Number: 1659
Street Name: BROADWAY
County: Schenectady
State/Province: NY
Postal Code: 12306
Subdivision: Bellevue
Geo Lat: 42.799917
Geo Lon: -73.960519
Property Detail
Number Of Units Total: 6
Garage Spaces: 3
Above Grade Finished Area: 3280
Above Grade Finished Area Source: Public Records
Below Grade Finished Area: 1000
Living Area: 3280
Zoning: Commercial
Lot Size Dimensions: 9800 SF
Lot Size Acres: 0.23
Main Road Frontage: 96
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Survey Y/N: No
Year Built: 1965
Status Change Info
Sold Price/SqFt: 68.6
Status Change Date: 2021-08-25
Under Contract Date: 2021-03-08
Sold Date: 2021-08-20
Sold Price: $225,000
Parcel, Tax, HOA
Parcel Number: 421500 49.45-1-16
Tax Annual Amount: 8160
Tax Section: 49.45
Total Taxes Description: Estimated
Tax Block: 1
Tax Lot: 16
School District: Schenectady
Association Y/N: No
Directions & Remarks
Directions: I-890 to Broadway exit in Schenectady, south on Broadway, just past Guilderland Ave intersection and across Broadway from Bond Funeral Home.
Public Remarks: PRICE REDUCTION: Fully occupied 6-unit apartment building offered at a 10% cap rate based on as-is income and expenses. 5 1BR's, one studio, and 3 garage bays. $125/mo upside to rent if owner's garage bay is leased to new tenant. 3 units recently renovated and upside to the rents. Tenants pay ALL utilities. 6 parking spaces onsite. New shingle roof (2011), updated electric and new hot water tanks (2011). Good Condition
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Attic Features
None: 1
Cooling
Window Unit(s): 1
Basement
Bilco Doors: 1
Slab: 1
Unfinished: 1
Lot Features
Irregular Lot: 1
Construction Materials
Vinyl Siding: 1
Wood Siding: 1
Flooring
Carpet: 1
Hardwood: 1
Laminate: 1
Vinyl: 1
Showing Requirements
24 Hour Notice: 1
Agent to Accompany: 1
Call Listing Agent: 1
No Sign: 1
Special Listing Conditions
SeniorCommunity Y/N: No Special Conditions
Roof
Asphalt: 1
Water Source
Public: 1
Foundation Details
Slab: 1
Heating
Baseboard: 1
Electric: 1
Income And Expenses
Other Income: $250/mo
Other Income Description: Actual
Total Income: 44940
Total Income Description: Actual
Parking Features
Parking Total: 3
Detached: 1
Driveway: 1
Off Street: 1
Paved: 1
Patio And Porch Features
Porch: 1
Owner Pays
Grounds Care: 1
Parking Fee: 1
Snow Removal: 1
Trash Collection: 1
Separate Utilities
Number Of Separate Electric Meters: 6
Number Of Separate Water Meters: 1
Tenant Pays
Cable TV: 1
DSL Internet: 1
Electricity: 1
Garage Fees: 1
Heat: 1
Hot Water: 1
Internet: 1
Window Features
Storm Window(s): 1
Unit Information
Number Of Refrigerators: 6
Number Of Stoves: 6
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st Flr
Monthly Rent MF Unit 1: 600
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Other
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Owner Furnish Features
Maintenance Grounds: 1
Parking: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1st Flr
Monthly Rent MF Unit 2: 600
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Other
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2nd Flr
Monthly Rent MF Unit 3: 600
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: Other
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 1st Flr
Monthly Rent MF Unit 4: 575
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: Other
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 1st Flr
Monthly Rent MF Unit 5: 520
Rent Desc. MF Unit 5: Actual
Lease Term MF Unit 5: Other
Total Rooms MF Unit 5: 3
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 2nd Flr
Monthly Rent MF Unit 6: 600
Rent Desc. MF Unit 6: Actual
Lease Term MF Unit 6: Other
Total Rooms MF Unit 6: 4
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Attic Features: None
Basement: Bilco Doors; Slab; Unfinished
Construction Materials: Vinyl Siding; Wood Siding
Cooling: Window Unit(s)
Flooring: Carpet; Hardwood; Laminate; Vinyl
Foundation Details: Slab
Heating: Baseboard; Electric
Lot Features: Irregular Lot
Owner Pays: Grounds Care; Parking Fee; Snow Removal; Trash Collection
Parking Features: Detached; Driveway; Off Street; Paved
Patio And Porch Features: Porch
Roof: Asphalt
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Agent to Accompany; Call Listing Agent; No Sign
Tenant Pays: Cable TV; DSL Internet; Electricity; Garage Fees; Heat; Hot Water; Internet
Window Features: Storm Window(s)
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Maintenance Grounds; Parking; Sewer; Snow Removal; Trash; Water
Listing Courtesy of NAI Platform LLC
Listing Agent: Felton McLaughlin
518-428-1164 | felton@naiplatform.com
518-428-1164 | felton@naiplatform.com
