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225 Nott Terrace

Schenectady, NY 12307
  • $675,000
  • STATUS: Active
  • MLS #: 202314862
UPDATED: 19 min ago
$675,000
  • 13
    BEDS
  • 0.1
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 3,978
    SQFT
  • $170
    $/SQFT
Type:
Multi-Family
Built:
1902
County:
Area:

School Information

High School:
School District:

Description

Rare investment opportunity in a highly desirable location! This is your chance to own one of ONLY 2 legal boarding houses in the city of Schenectady. Features 13 SRO's with very low vacancy (some tenants with 4+ years of residency), one large common kitchen area, and two shared bathrooms. Each room rental includes a bed, dorm-sized refrigerator, and access to free Wi-Fi. Tremendous cash flow- yields over $100,000 in annual rental income! Owner pays all utilities. Selling broker has ownership interest in the property. Selling broker will attend all showings.

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© 2023 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2023-06-05T08:16:19.423.
www.mccarthysells.com/homes/138596989
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225 Nott Terrace Schenectady, NY 12307

  • Price: $675,000
  • Status: Active
  • On Site: Days
  • Updated: 19 min ago
  • MLS #: 202314862
13
Beds
2
Baths
1
½ Baths
0.1
Acres
3,978
SQFT
$170
$/SQFT
1902
Built
County:
Schenectady
Area:
Schenectady
High School:
Schenectady
School District:
Schenectady
Property Description
Rare investment opportunity in a highly desirable location! This is your chance to own one of ONLY 2 legal boarding houses in the city of Schenectady. Features 13 SRO's with very low vacancy (some tenants with 4+ years of residency), one large common kitchen area, and two shared bathrooms. Each room rental includes a bed, dorm-sized refrigerator, and access to free Wi-Fi. Tremendous cash flow- yields over $100,000 in annual rental income! Owner pays all utilities. Selling broker has ownership interest in the property. Selling broker will attend all showings.
Exterior Features

Architectural Style Rooming House2 Story Attached Garage YN No Construction Materials Brick Exterior Features None Fencing Back YardChain Link Parking Features Off Street Roof Shingle Waterfront YN No

Interior Features

Basement Unfinished Cooling Window Unit(S) Cooling YN Yes Flooring Laminate Heating Natural Gas Heating YN Yes

Property Features

Association YN No New Construction YN No Property Sub Type Multi Family Security Features Security LightsCarbon Monoxide Detector(S) Sewer Public Sewer Special Listing Conditions Standard Water Source Public Zoning Multi Residence

Listing information © 2023 Global MLS.
Listing provided courtesy of Maurice Bostick of Bostick Realty Llc: .



© 2023 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2023-06-05T08:16:19.423.
 
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The Shannon McCarthy Team | eXp Realty
125 High Rock Ave, Suite 200
Saratoga Springs NY, 12866