1011 Union Street, Schenectady, NY 12308
sale
$1,695,000
|
Other
Courtesy Of Carr Real Estate Group
Prime 16-Unit Brick Investment Near Union College. Solid all-brick 16-unit multifamily generating $17,480/month in gross rents with a gross annual scheduled rent roll of $209,760. The property features a full sprinkler system on all four levels in common areas, plus a new rubber roof installed in 2022, providing major capital-expense peace of mind. Ideally located within walking distance to Union College, downtown Schenectady, and public transportation, with a bus stop directly across the street, this asset sits squarely in the path of the city's ongoing revitalization. Most apartments feature hardwood floors, and the building is currently in good overall condition. At the asking price, the projected returns place the cap rate in the high-10% range, making this a compelling income play for both seasoned and first-time multifamily investors. Year built is approximate (CRS reflects 1984; believed inaccurate). Expense figures are estimated. There are 16 units with 19 total bedrooms and 51 total rooms. Additional financial details available upon request. See MLS Docs. Invest in Schenectady's resurgence; this is a cash-flowing opportunity you don't want to miss.
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Property Features
- Age: 41-50 Years Old
- Amenities: Basement
- Amenities: Security System
- Architecture Style: Other
- Exterior Type: Brick
- Floor Covering: Vinyl
- Floor Covering: Hardwood
- Floor Covering: Tile - Ceramic
- Floors: 3
- Heating System: Electric (Heating)
- Heating System: Zoned
- Heating System: Baseboard
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: 202611447
- Parking Spaces: 18
- Roof Type: Flat
- Roof Type: Rubber
- Rooms: Bathroom 8
- Rooms: Bathroom 9
- Rooms: Bathroom 6
- Rooms: Bathroom 7
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 14
- Rooms: Bathroom 13
- Rooms: Bathroom 16
- Rooms: Bathroom 15
- Rooms: Bathroom 10
- Rooms: Bathroom 12
- Rooms: Bathroom 11
- Rooms: Bathroom 1
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