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Listed by Bryan Permaul • Coldwell Banker Prime Properties
$725,000
Est. payment /mo
12 Beds
8 Baths
4,508 SqFt
Active
22 2nd Avenue Troy, NY 12180
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Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,508 sqft
Price per Sqft $160
MLS Listing ID 202514778
Bedrooms 12
Full Baths 8
HOA Y/N No
Year Built 1920
Annual Tax Amount $10,901
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Multi Family
Source Global MLS
Property Description
This 8-unit multi-unit property is an outstanding investment opportunity. The rents for each unit have been brought up to market value, with a high ROI of 12.1% and cap rate of 9.6%. Including many upgrades throughout the building. 2 units are currently available. May 1st, the units will be filled, which will complete the 8 units being fully occupied. Close to public transportation and restaurants.
Location
State NY
County Rensselaer
Zoning Multi Residence
Direction River St to 101st St
Interior
Heating Baseboard, Electric, Natural Gas
Exterior
Exterior Feature None
Building
Sewer Public Sewer
Water Public
Architectural Style Apartment 4 Plus Unit
Schools
School District Lansingburgh
Others
Tax ID 381700 90.46-2-28
Special Listing Condition Other