Bought with Jessica E Celeone • Gucciardo Real Estate LLC
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821-825 RIVER Street Troy, NY 12180
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Key Details
Sold Price $535,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Square Footage 10,416 sqft
Price per Sqft $51
MLS Listing ID 202124179
Sold Date 10/28/21
HOA Y/N No
Year Built 1929
Annual Tax Amount $18,830
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 7680 as per deed
Property Sub-Type 5+ Units
Source Global MLS
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
Location
State NY
County Rensselaer
Direction River St North of Hoosick St./ Rt 7, Corner of River and Bond.
Interior
Heating Baseboard, Forced Air, Hot Water, Natural Gas
Flooring Vinyl, Wood, Carpet, Laminate, Linoleum
Exterior
Parking Features None
Roof Type Rubber
Building
Lot Description Cleared, Corner Lot
Sewer Public Sewer
Water Public
Architectural Style Apartment 4 Plus Unit
Schools
School District Troy
Others
Tax ID 381700 90.62-5-2
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