$255,000
Troy, NY 12182
MLS# 202230796
Status: Closed
10 beds
1 / 2
Property Description
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.
Details
Maps
Contract Information
Original List Price: 274900
List Price/SqFt: 55.83
Status: Closed
Property Sub Type: Multi Family
Sold Price: $255,000
Current Price: $255,000
Listing Contract Date: 2022-12-02
Location
City/Town (Mail): Troy
Street Number: 660 & 663
Street Name: 2nd
Street Suffix: Avenue
County: Rensselaer
State/Province: NY
Postal Code: 12182
Geo Lat: 42.778028
Geo Lon: -73.675357
Property Detail
Number Of Units Total: 9
Rooms Total: 9
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 4924
Parking Y/N: No
Living Area: 4924
Zoning: Multi Residence
Lot Size Acres: 0.05
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 10
Bathrooms Full: 9
Year Built: 1880
Status Change Info
Sold Price/SqFt: 51.79
Status Change Date: 2023-03-26
Under Contract Date: 2023-01-30
Sold Date: 2023-03-23
Sold Price: $255,000
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 381700 80.48-6-15
Tax Annual Amount: 9738.92
Tax Section: 80.48
Total Taxes Description: Actual
Tax Block: 6
Tax Lot: 15
School District: Lansingburgh
Association Y/N: No
Directions & Remarks
Directions: Go North on 2nd ave. One is on the right hand side and the other on the left.
Public Remarks: 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.
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Basement
Apartment: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Full Bath 3: 1st
Full Bath 4: 2nd
Full Bath 5: Basement
Full Bath 6: 1st
Full Bath 7: 2nd
Full Bath 8: 3rd
Full Bath 9: 1st
Construction Materials
Brick: 1
Possession
At Closing: 1
Subject To Tenant Rights: 1
Exterior Features
None: 1
Showing Requirements
No Sign: 1
Other: 1
Special Listing Conditions
Standard: 1
Water Source
Public: 1
Heating
Hot Water: 1
Separate Utilities
Electric: 1
Gas: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Total Rooms MF Unit 1: 2
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1
Total Rooms MF Unit 2: 12
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 3
Total Rooms MF Unit 3: 1
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2
Total Rooms MF Unit 4: 3
Total Bedrooms MF Unit 4: 2
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 2
Total Rooms MF Unit 5: 1
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: Basement
Total Rooms MF Unit 6: 1
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 3
Total Rooms MF Unit 7: 1
Total Bedrooms MF Unit 7: 1
Total Full Baths MF Unit 7: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 2
Total Rooms MF Unit 8: 3
Total Bedrooms MF Unit 8: 2
Total Full Baths MF Unit 8: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Apartment
Construction Materials: Brick
Exterior Features: None
Heating: Hot Water
Possession: At Closing; Subject To Tenant Rights
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: No Sign; Other
Special Listing Conditions: Standard
Water Source: Public
Listing Courtesy of Field Realty
Listing Agent: Alison Walden
518-495-1877 |
518-495-1877 |
