$535,000
Troy, NY 12180
MLS# 202124179
Status: Closed
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Property Description
In an area undergoing gentrification, this 11 unit building consists of six 3+ bedroom apartments, two 3 bedroom apartments, two 2 bedroom, and one one bedroom apartment spread over 10,000+ square feet. The average rental rate is currently $650/apartment, leaving substantial upside as rents are brought in line with the substantially higher prices in the immediate area. Student housing is also possible, or make cosmetic improvements to really make the building shine. Apartments are separately metered for electric and gas, with modern forced hot air or hot water baseboard throughout and newer mechanicals. Most apartments have laminate or wood floors, with some carpeting as well. Add this cash generator to your portfolio today! (Must call LA for showing. No lock box. Fully Rented.) Good Condition
Details
Maps
Contract Information
Status: Closed
Property Sub Type: Multi Family
Original List Price: 595000
Sold Price: $535,000
Current Price: $535,000
Listing Contract Date: 2021-07-20
List Price/SqFt: 57.12
Location
Street Number: 821-825
Street Name: RIVER
Street Suffix: Street
County: Rensselaer
State/Province: NY
Postal Code: 12180
City/Town (Mail): Troy
Geo Lat: 42.750537
Geo Lon: -73.682801
Property Detail
Number Of Units Total: 11
Year Built: 1929
Above Grade Finished Area: 10416
Above Grade Finished Area Source: Public Records
Living Area: 10416
Lot Size Dimensions: 7680 as per deed
Lot Size Acres: 0.18
Main Road Frontage: 64
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Status Change Info
Status Change Date: 2021-10-29
Under Contract Date: 2021-07-28
Sold Date: 2021-10-28
Sold Price: $535,000
Sold Price/SqFt: 51.36
Special Listing Conditions
SeniorCommunity Y/N: Listing Has Exclusions
Income And Expenses
Total Income: 87300
Total Income Description: Actual
Electric Expense: 401
Electric Expense Description: Actual
Insurance Expense: 3772
Insurance Expense Description: Actual
Water Sewer Expense Desc.: Actual
Net Operating Income: 59088
Separate Utilities
Number Of Separate Electric Meters: 12
Number Of Separate Gas Meters: 11
Number Of Separate Water Meters: 1
Unit Information
Number Of Refrigerators: 11
Number Of Stoves: 11
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 821-B
Unit Available MF Unit 1: No
Monthly Rent MF Unit 1: 600
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 821-1
Unit Available MF Unit 2: no
Monthly Rent MF Unit 2: 700
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 7
Total Bedrooms MF Unit 2: 3
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 821-2no
Unit Available MF Unit 3: no
Monthly Rent MF Unit 3: 650
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: Month To Month
Total Rooms MF Unit 3: 8
Total Bedrooms MF Unit 3: 4
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 821-3
Unit Available MF Unit 4: no
Monthly Rent MF Unit 4: 700
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: Month To Month
Total Rooms MF Unit 4: 8
Total Bedrooms MF Unit 4: 4
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 823-B
Unit Available MF Unit 5: no
Monthly Rent MF Unit 5: 575
Rent Desc. MF Unit 5: Actual
Lease Term MF Unit 5: Month To Month
Total Rooms MF Unit 5: 4
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 823-1
Unit Available MF Unit 6: no
Monthly Rent MF Unit 6: 650
Rent Desc. MF Unit 6: Actual
Lease Term MF Unit 6: Month To Month
Total Rooms MF Unit 6: 7
Total Bedrooms MF Unit 6: 3
Total Full Baths MF Unit 6: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: 823-7
Unit Available MF Unit 7: no
Monthly Rent MF Unit 7: 700
Rent Desc. MF Unit 7: Actual
Lease Term MF Unit 7: Month To Month
Total Rooms MF Unit 7: 8
Total Bedrooms MF Unit 7: 4
Total Full Baths MF Unit 7: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: 823-3
Unit Available MF Unit 8: no
Monthly Rent MF Unit 8: 700
Rent Desc. MF Unit 8: Actual
Lease Term MF Unit 8: Month To Month
Total Rooms MF Unit 8: 8
Total Bedrooms MF Unit 8: 4
Total Full Baths MF Unit 8: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Attic Features: No Attic Access
Basement: Apartment; Partial; Unfinished
Construction Materials: Brick
Cooling: None
Flooring: Carpet; Laminate; Linoleum; Vinyl; Wood
Heating: Baseboard; Forced Air; Hot Water; Natural Gas
Lot Features: Cleared; Corner Lot
Owner Pays: Grounds Care; Snow Removal; Trash Collection
Parking Features: None
Roof: Rubber
Sewer: Public Sewer
Showing Requirements: Call Listing Agent; Occupied
Tenant Pays: Cable TV; Electricity; Gas; Heat; Hot Water; Internet
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 2 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 2 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 3 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 4 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 5 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 6 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 6 Includes: Bathroom; Dining Room; Kitchen; Living Room; Refrigerator; Stove
Unit 7 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 8 Owner Furnish Features: Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Listing Courtesy of All in 1 Realty Services LLC
Listing Agent: Thomas J Chenaille
518-608-5262 |
518-608-5262 |
