$550,000
Colonie, NY 12110
MLS# 202528331
Status: Closed
1 beds
1 / 15
Property Description
Fully occupied 9+unit investment property featuring studio apartments & 1 bedroom unit. Ample off-street covered parking. Additional unit not in use plus a managers office. Building offers consistent rental income and strong potential for value-added improvements. An excellent opportunity for investors or owner occupant seeking a property with proven occupancy and room for growth. Recent roof and mechanical upgrades. All units are month to month. Proforma available upon request. OPEN HOUSE CANCELLED
Details
Maps
Documents
Contract Information
Status: Closed
Property Sub Type: Multi Family
Original List Price: 499000
Sold Price: $550,000
Current Price: $550,000
Listing Contract Date: 2025-10-23
List Price/SqFt: 147.94
Location
Street Number: 447
Street Name: Troy Schenectady
Street Suffix: Road
County: Albany
State/Province: NY
Postal Code: 12110
City/Town (Mail): Latham
Geo Lat: 42.74661
Geo Lon: -73.756569
Property Detail
Number Of Units Total: 9
Rooms Total: 11
Bedrooms Total: 1
Bathrooms Full: 9
Bathrooms Half: 1
Year Built: 1972
Garage Spaces: 14
Above Grade Finished Area: 3373
Above Grade Finished Area Source: Public Records
Below Grade Finished Area: 400
Below Grade Finished Area Source: Public Records
Living Area: 3373
Zoning: Commercial
Lot Size Acres: 0.28
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Green Features Y/N: No
Parking Y/N: Yes
Status Change Info
Status Change Date: 2026-01-08
Under Contract Date: 2025-10-23
Sold Date: 2026-01-07
Sold Price: $550,000
Sold Price/SqFt: 163.06
Financial Details
General Taxes: 4276
General Taxes Description: Estimated
School Taxes: 5148
School Taxes Description: Estimated
Bath Levels
Full Bath 1: 2nd
Full Bath 2: 2nd
Full Bath 3: 2nd
Full Bath 4: 2nd
Full Bath 5: 2nd
Full Bath 6: 2nd
Full Bath 7: 2nd
Full Bath 8: 2nd
Full Bath 9: 2nd
Half Bath 1: 1st
Photos - the contractual owner of the photos
Photo Owner: Broker
Income And Expenses
Rental Income Description: Yearly
Total Income Description: See Pro-Forma
Insurance Expense: 7000
Insurance Expense Description: Actual
Water Sewer Expense: 1879
Water Sewer Expense Desc.: Actual
Net Operating Income: 23335
Parking Features
Parking Total: 12
Unit Information
Number Of Air Conditoners: 7
Number Of Refrigerators: 9
Number Of Stoves: 9
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 2nd fr
Total Rooms MF Unit 1: 1
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 2nd flr
Total Rooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2nd flr
Total Rooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2nd flr
Total Rooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 2nd flr
Total Rooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 2nd flr
Total Rooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 2nd flr
Total Rooms MF Unit 7: 1
Total Full Baths MF Unit 7: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 1 st flr
Total Rooms MF Unit 8: 1
Total Full Baths MF Unit 8: 1
Property Features
Architectural Style: Apartment 4 Plus Unit; Other
Attic Features: None
Basement: Apartment; Exterior Entry; Heated; Walk-Out Access
Construction Materials: Block; Tex 11 Siding; Vinyl Siding; Wood Siding
Cooling: Ductless; Wall Unit(s); Window Unit(s)
Electric: Circuit Breakers; Single Phase; Other
Exterior Features: None
Fencing: None
Flooring: Carpet; Ceramic Tile; Hardwood; Linoleum
Foundation Details: Block; Pillar/Post/Pier; Slab
Fuel Cost Description: Budget-Gas/Electric
Heating: Baseboard; Ductless; Forced Air; Natural Gas
Interior Features: Ceramic Tile Bath; Crown Molding; Open Floorplan; Paddle Fan; Walk-In Closet(s)
Levels: Tri-Level
Listing Terms: Cash
Lot Features: Road Frontage; Sloped
Other Equipment: Grinder Pump
Other Structures: Shed(s)
Parking Features: Off Street; Paved; Under Residence
Possession: At Closing
Roof: Rubber; Shingle
Security Features: Carbon Monoxide Detector(s); Security Lights; Smoke Detector(s)
Separate Utilities: Other
Sewer: Public Sewer
Showing Requirements: Agent to Accompany; Call Listing Agent; Occupied; Restricted Days; Restricted Hours; Showing Service; Sign on Property
Special Listing Conditions: Standard
Utilities: Cable Connected
Window Features: Blinds; Curtain Rods; Screens
Water Source: Public
Unit 1 Includes: Bathroom; Efficiency; Kitchen; Refrigerator; Stove
Unit 1 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Parking; Sewer; Snow Removal; Trash; Water
Unit 2 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Management; Parking; Sewer; Trash; Water
Unit 2 Includes: Bathroom; Efficiency; Refrigerator; Stove
Unit 3 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Management; Parking; Sewer; Snow Removal; Trash; Water
Unit 3 Includes: Bathroom; Efficiency; Kitchen; Refrigerator; Stove
Unit 4 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Management; Parking; Sewer; Snow Removal; Trash; Water
Unit 4 Includes: Bathroom; Efficiency; Kitchen; Refrigerator; Stove
Unit 5 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Management; Parking; Sewer; Snow Removal; Trash; Water
Unit 5 Includes: Bathroom; Efficiency; Kitchen; Refrigerator; Stove
Unit 6 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Management; Parking; Sewer; Snow Removal; Trash; Water
Unit 6 Includes: Bathroom; Efficiency; Kitchen; Refrigerator; Stove
Unit 7 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Management; Parking; Sewer; Snow Removal; Trash; Water
Unit 7 Includes: Bathroom; Efficiency; Kitchen; Refrigerator; Stove
Unit 8 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Management; Parking; Sewer; Snow Removal; Trash; Water
Unit 8 Includes: Bathroom; Efficiency; Kitchen; Refrigerator
Taxes 
Listing Courtesy of Howard Hanna Capital Inc
Listing Agent: Michael S Davis
518-330-0033 | michaeldavis@howardhanna.com
518-330-0033 | michaeldavis@howardhanna.com
