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245 5TH AV

Troy, NY 12180
  • $94,900
  • STATUS: Active
  • MLS #: 202130894
UPDATED: 27 min ago
$94,900
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,360
    SQFT
  • $28
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:

Description

Very large building with tons of potential to be a money maker. Work has already been started on this property. The inside has been cleaned out and mostly gutted, new roofs were put on both levels, and a new furnace with ductwork and high efficiency boiler/water heater were already installed. This property is currently zoned as a two-family but is laid out well to make into a three family. Full basement could be finished for more living space as well. Projected rental income is $3700/month with all utilities included in rent if made into a three family. Estimated repair costs to finish the rehab is approximately $60k. ARV estimate is approximately $220k. Lots of equity and cash flow to be made by completing this rehab project. Agent is owner.

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© 2021 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 2021-11-26T23:12:14.153.
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245 5TH AV Troy, NY 12180

  • Price: $94,900
  • Status: Active
  • On Site: Days
  • Updated: 27 min ago
  • MLS #: 202130894
0
Beds
0
Baths
0
½ Baths
0.08
Acres
3,360
SQFT
$28
$/SQFT
1900
Built
Neighborhood:
Troy City-N (213)
County:
Rensselaer
Area:
Troy City-N (213)
School District:
Lansingburgh
Property Description
Very large building with tons of potential to be a money maker. Work has already been started on this property. The inside has been cleaned out and mostly gutted, new roofs were put on both levels, and a new furnace with ductwork and high efficiency boiler/water heater were already installed. This property is currently zoned as a two-family but is laid out well to make into a three family. Full basement could be finished for more living space as well. Projected rental income is $3700/month with all utilities included in rent if made into a three family. Estimated repair costs to finish the rehab is approximately $60k. ARV estimate is approximately $220k. Lots of equity and cash flow to be made by completing this rehab project. Agent is owner.
Exterior Features

Exterior Type AluminumBrick Garage Description None Lot 50X68.6 New Construction No Off Street Parking No

Interior Features

Abv Grnd Sq Ft Description Estimated Basement Bilco DoorsFull Family Room Both Units Handicap Access No Heat Fuel Natural Gas Heat System Hot AirHot Water Unit One Bath First Floor 0 Unit One Bedrooms Basement 0 Unit One Bedrooms First Floor 0 Unit One Bedrooms Second Floor 0 Unit One Bedrooms Third Floor 0 Unit One Full Bath Basement 0 Unit One Full Bath Second Floor 0 Unit One Full Bath Third Floor 0 Unit One Partial Bath Basement 0 Unit One Partial Bath First Floor 0 Unit One Partial Baths 0 Unit One Partial Baths Second Floor 0 Unit One Partial Baths Third Floor 0 Unit One Total Bedrooms 0 Unit Two Baths First Floor 0 Unit Two Bedrooms Basement 0 Unit Two Bedrooms First Floor 0 Unit Two Bedrooms Second Floor 0 Unit Two Bedrooms Third Floor 0 Unit Two Full Baths Basement 0 Unit Two Full Baths Second Floor 0 Unit Two Full Baths Third Floor 0 Unit Two Partial Bath Basement 0 Unit Two Partial Bath First Floor 0 Unit Two Partial Bath Second Floor 0 Unit Two Partial Baths Third Floor 0 Unit Two Total Bedrooms 0 Unit Two Total Partial Baths 0

Property Features

City Town Taxing Entity Troy Class Two Family Separate Utilities Other~See Remarks Sewer Public Special Market Conditions No Disclosures Style Two Story Total Taxes 3901 Total Taxes Description Estimated Unit One Occupied Vacant Unit One Possession At Closing Unit One Rent 1400 Unit One Rent Description Estimated Unit Two Occupied Vacant Unit Two Possession At Closing Unit Two Rent 1400 Unit Two Rent Description Estimated Water Public

Listing information © 2021 Global MLS.
Listing provided courtesy of Charles Brickley of Serenity Real Estate Team:508-517-6202.



© 2021 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 2021-11-26T23:12:14.153.
 
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