Bought with non-member non member • NON MLS OFFICE
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553 Mumford Street Schenectady, NY 12307
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Key Details
Sold Price $230,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $104
MLS Listing ID 202424890
Sold Date 05/13/25
Bedrooms 6
Full Baths 2
HOA Y/N No
Year Built 1920
Annual Tax Amount $5,000
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Duplex
Source Global MLS
Property Description
Investment Opportunity in Schenectady, NY! This 2021-renovated duplex is perfect for both investors and those looking to owner-occupy. The upstairs unit is currently rented, generating $1,500 monthly, while the vacant downstairs unit can bring in $1,800 monthly. Together, the property can generate $3,300 per month or $39,600 annually in rental income, offering a solid 11% cap rate. With off-street parking, a large side lot, and a corner lot location, this property provides plenty of space and convenience for tenants. Located less than a mile from I-890 and only 1.5 miles from Rivers Casino, it's ideally situated near key amenities. Whether you're looking to grow your portfolio or live and earn, this opportunity offers excellent cash flow and long-term investment potential. Don't miss out!
Location
State NY
County Schenectady
Direction At the corner of Mumford and Strong Street.
Interior
Heating Forced Air, Natural Gas
Flooring Laminate
Exterior
Exterior Feature Other
Parking Features Off Street, Driveway
Roof Type Shingle
Building
Lot Description Level, Road Frontage, Corner Lot
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Schenectady
Others
Tax ID 421500 49.31-4-21.1
Special Listing Condition Standard
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