4 River Street, Schenectady, NY 12305
- $750,000
- 12
- BD
- 7
- BA
- 5,829
- SqFt
- List Price
- $750,000
- Status
- ACTIVE
- Days on Market
- 19
- MLS#
- 202625284
- Subtype
- MultiFamily
- Style
- Apartment 4 Plus Unit
- Year Built
- 1950
- Bedrooms
- 12
- Bathrooms
- 7
- Full Baths
- 6
- Half Baths
- 1
- Living Area
- 5,829
- Lot Size
- 7,840
- Acres
- 0.18
- Subdivision
- Select One
Property Description
Well-Maintained 6-Unit Multifamily Investment Opportunity -- $750,000 Fully rented and turnkey, this 6-unit multifamily property offers a stable, income-producing asset with room to grow. Each unit is separately metered with individual electric heat and its own hot water tank, keeping utility costs cleanly divided between tenants. The property also features ample on-site parking for residents, and is located +/- 250 feet from the ALCO Heritage Trail bike path. Currently generating an approximate 6% cap rate, the property presents a clear path to an estimated 8% cap rate through market-rate rent adjustments -- offering investors meaningful upside in both cash flow and long-term value. A well-maintained, fully occupied property with strong fundamentals and clear growth potential. Pro forma available upon request.
Additional Information
- Exterior Features
- None
- Taxes
- $15,721
- Property Description
- Apartment 4 Plus Unit
- Heating
- Electric
- Air Conditioning
- None
- Exterior Construction
- Brick
- School District
- Schenectady
- High School
- Schenectady
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Listing courtesy of listing agent Craig Clermont with Carrow Real Estate Services LLC Brokerage, 518-369-2729.
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