Overview
Description
Classic brick 6 unit in a convenient Troy location. Each apartment offers two bedrooms and one bath, featuring spacious layouts, tall ceilings, and plenty of natural light. The property maintains full occupancy with a consistent rental history, currently generating an 8% cap rate with rents well below market. Based on projected fair market rents, it has the potential to perform at an impressive 15% cap rate — a true cash-flow opportunity for investors. Separate utilities throughout; tenants pay all utilities except water and sewer, which are covered by the owner. Conveniently located near downtown Troy, local schools, and public transportation.
Address: 12-14 Hutton Street, Troy, NY 12180
City: Troy
State/County: Rensselaer
Zip: 12180
Country: United States
Property Id: 326348
Price: $ 550,000
Property Size: 5,760 ft2
Property Lot Size: 0 ft2
Bedrooms: 12
Bathrooms: 6
Listing Agent Email: patrick-dunn@kw.com
Listing Agent: Patrick Dunn
Listing Agent Phone: 518-407-9834
Listing Office: KW Platform
Other Features
Built-in Features
Crown Molding
Has Cooling System
Has Heating System
None
$ 2,819.96
per month
- Principal and Interest
- Property Tax
- HOA fee
$ 2,132.46
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