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Listed by Saad Tai • Real Broker NY LLC
$ 399,000
Est. payment /mo
New
601-603 2nd Avenue Troy, NY 12182
9 Beds
4 Baths
5,800 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,800 sqft
Price per Sqft $68
MLS Listing ID 202620680
Bedrooms 9
Full Baths 4
HOA Y/N No
Year Built 1911
Annual Tax Amount $5,740
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Multi Family
Source Global MLS
Property Description
Most investors will walk right past this one. Smart money won't.
4 residential units over two storefronts in Troy's newly designated historic district -- and they need real work, which is exactly where the money is. This isn't turnkey. It's a blank canvas for someone who builds equity instead of paying for it.
Already throwing off $3,600/month, with both storefronts untapped. Renovate the units, stabilize the commercial space, and the back-end tells a whole different story. Historic district means character, demand, and upside baked in.
The kicker: the seller wants to deal. Cash, owner financing, conventional -- all on the table. Seller-held paper on a value-add like this? Rare.
Done buying other people's equity? Let's create yours.
4 residential units over two storefronts in Troy's newly designated historic district -- and they need real work, which is exactly where the money is. This isn't turnkey. It's a blank canvas for someone who builds equity instead of paying for it.
Already throwing off $3,600/month, with both storefronts untapped. Renovate the units, stabilize the commercial space, and the back-end tells a whole different story. Historic district means character, demand, and upside baked in.
The kicker: the seller wants to deal. Cash, owner financing, conventional -- all on the table. Seller-held paper on a value-add like this? Rare.
Done buying other people's equity? Let's create yours.
Location
State NY
County Rensselaer
Direction 787 to Right on to Ontario (Rte. 470), left on Second Avenue, between 116th and 117th Street.
Interior
Heating Space Heater, 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 80.47-5-8
NEARBY SCHOOLS & PROPERTIES
