$416,500
Troy, NY 12182
MLS# 201118665
Status: Closed
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Property Description
Beautiful turn-key building on desirable tree-lined street close to RPI and restaurants and shops in downtown Troy. 11 Unit Apartment Building - Nine 1-bed units, two 2-bed units, one bsmt studio. Nice apartments, hardwood floors in many units. Consistent updates with tenant turnover. Ten-year old rubber roof. Good / stable tenants, great rent-roll, excellent property management company. Plus laundry adds extra income. Cap Rate over 10%.Investors take notice! Call today for a showing. Very Good Condition
Details
Maps
Contract Information
Original List Price: 450000
List Price/SqFt: 63.56
Status: Closed
Property Sub Type: Multi Family
Sold Price: $416,500
Current Price: $416,500
Listing Contract Date: 2011-05-15
Location
City/Town (Mail): Troy
Street Number: 1821
Street Name: FIFTH
Street Suffix: Avenue
County: Rensselaer
State/Province: NY
Postal Code: 12182
Subdivision: Downtown Troy
Geo Lat: 42.731503
Geo Lon: -73.687818
Property Detail
Garage Spaces: 0
Above Grade Finished Area: 7080
Above Grade Finished Area Source: Public Records
Living Area: 7080
Lot Size Dimensions: 3485
Enhanced Accessible Y/N: No
Survey Y/N: No
Year Built: 1890
Status Change Info
Sold Price/SqFt: 58.83
Status Change Date: 2012-01-06
Under Contract Date: 2011-11-01
Sold Date: 2012-01-06
Sold Price: $416,500
Parcel, Tax, HOA
Parcel Number: 381700 101-5-5
FIPS Code: 36083
Tax Annual Amount: 11469
Tax Section: 101
Total Taxes Description: Estimated
Tax Block: 5
Tax Lot: 5
School District: Troy
Association Y/N: No
Directions & Remarks
Directions: Corner of 111th and 4th Ave
Public Remarks: Beautiful turn-key building on desirable tree-lined street close to RPI and restaurants and shops in downtown Troy. 11 Unit Apartment Building - Nine 1-bed units, two 2-bed units, one bsmt studio. Nice apartments, hardwood floors in many units. Consistent updates with tenant turnover. Ten-year old rubber roof. Good / stable tenants, great rent-roll, excellent property management company. Plus laundry adds extra income. Cap Rate over 10%.Investors take notice! Call today for a showing. Very Good Condition
Sewer
Public Sewer: 1
Architectural Style
Other: 1
See Remarks: 1
Cooling
None: 1
Basement
Apartment: 1
Full: 1
Construction Materials
Brick: 1
Stone: 1
Possession
Possession (Legacy): At Closing
Showing Requirements
Lockbox: 1
Other: 1
See Remarks: 1
Roof
Rubber: 1
Other: 1
See Remarks: 1
Water Source
Public: 1
Heating
Natural Gas: 1
Radiant: 1
Income And Expenses
Electric Expense: 1500
Other Income: 3120
Other Income Description: Estimated
Electric Expense Description: Estimated
Total Income: 75708
Total Income Description: Actual
Gas Expense: 1500
Gas Expense Description: Estimated
Water Sewer Expense Desc.: Estimated
Parking Features
Parking Total: 0
Owner Pays
Snow Removal: 1
Trash Collection: 1
Other: 1
See Remarks: 1
Unit Information
Number Of Dryers: 1
Number Of Refrigerators: 11
Number Of Stoves: 11
Number Of Washers: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Unit Available MF Unit 1: 6/30/11
Monthly Rent MF Unit 1: 475
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Other
Total Rooms MF Unit 1: 3
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Owner Furnish Features
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1
Unit Available MF Unit 2: 7/31/11
Monthly Rent MF Unit 2: 600
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Other
Total Rooms MF Unit 2: 3
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 1
Unit Available MF Unit 3: 3/31/12
Monthly Rent MF Unit 3: 550
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: Other
Total Rooms MF Unit 3: 3
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 1
Unit Available MF Unit 4: 6/30/11
Monthly Rent MF Unit 4: 485
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: Other
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 2
Unit Available MF Unit 5: 5/31/12
Monthly Rent MF Unit 5: 550
Rent Desc. MF Unit 5: Actual
Lease Term MF Unit 5: Other
Total Rooms MF Unit 5: 3
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 2
Unit Available MF Unit 6: 6/30/11
Monthly Rent MF Unit 6: 525
Rent Desc. MF Unit 6: Actual
Lease Term MF Unit 6: Other
Total Rooms MF Unit 6: 3
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 2
Unit Available MF Unit 7: 8/15/11
Monthly Rent MF Unit 7: 525
Rent Desc. MF Unit 7: Actual
Lease Term MF Unit 7: Other
Total Rooms MF Unit 7: 3
Total Bedrooms MF Unit 7: 1
Total Full Baths MF Unit 7: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 2
Unit Available MF Unit 8: 10/31/11
Monthly Rent MF Unit 8: 615
Rent Desc. MF Unit 8: Actual
Lease Term MF Unit 8: Other
Total Rooms MF Unit 8: 4
Total Bedrooms MF Unit 8: 2
Total Full Baths MF Unit 8: 1
Property Features
Architectural Style: Other; See Remarks
Basement: Apartment; Full
Construction Materials: Brick; Stone
Cooling: None
Heating: Natural Gas; Radiant
Owner Pays: Snow Removal; Trash Collection; Other; See Remarks
Roof: Rubber; Other; See Remarks
Sewer: Public Sewer
Showing Requirements: Lockbox; Other; See Remarks
Water Source: Public
Unit 1 Owner Furnish Features: Sewer; Snow Removal; Trash; Water
Listing Courtesy of KW Platform
Listing Agent: Christopher Broughton
518-724-5996 | cbro@kw.com
518-724-5996 | cbro@kw.com
