Skip To Content

660 & 663 2nd Avenue

Troy, NY 12182
  • $274,900
  • STATUS: Pending
  • MLS #: 202230796
Pending
$274,900
  • 10
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,924
    SQFT
  • $56
    $/SQFT
Type:
Multi-Family
Built:
1880
County:
Area:

School Ratings & Info

School District:

Description

Motivated Seller! Add these two solid brick buildings totaling 9 Units to your portfolio. At just over $30k/unit this will give you a solid cash on cash return. Buildings passed code inspections one year ago but now need some work. Has had a maintenance person in place for a long time, and has maintained the buildings throughout ownership. Some work and patience will be needed to get this preforming at market value. Must sell both buildings together and can not be delivered vacant. After purchase, could easily BRRR while refinancing separately. Once this building is operating at market value with current tenants this will bring in $6k+ a month. Currently, receiving $4600/month with plans for another $750/mo expected soon.

Monthly Payment Calculator



© 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 2023-02-01T00:12:05.96.
www.mccarthysells.com/homes/135211731
Print Image

660 & 663 2nd Avenue Troy, NY 12182

  • Price: $274,900
  • Status: Pending
  • On Site: Days
  • MLS #: 202230796
10
Beds
0
Baths
0
½ Baths
0.05
Acres
4,924
SQFT
$56
$/SQFT
1880
Built
County:
Rensselaer
Area:
Rensselaer
School District:
Lansingburgh
Property Description
Motivated Seller! Add these two solid brick buildings totaling 9 Units to your portfolio. At just over $30k/unit this will give you a solid cash on cash return. Buildings passed code inspections one year ago but now need some work. Has had a maintenance person in place for a long time, and has maintained the buildings throughout ownership. Some work and patience will be needed to get this preforming at market value. Must sell both buildings together and can not be delivered vacant. After purchase, could easily BRRR while refinancing separately. Once this building is operating at market value with current tenants this will bring in $6k+ a month. Currently, receiving $4600/month with plans for another $750/mo expected soon.
Exterior Features

Architectural Style Apartment 4 Plus Unit Construction Materials Brick Exterior Features None Waterfront YN No

Interior Features

Basement Apartment Heating Hot Water Multi Family Unit1 Total Bedrooms 1 Multi Family Unit1 Total Full Baths 1 Multi Family Unit1 Total Half Baths 0 Multi Family Unit1 Total Rooms 2 Multi Family Unit2 Total Bedrooms 1 Multi Family Unit2 Total Full Baths 1 Multi Family Unit2 Total Half Baths 0 Multi Family Unit2 Total Rooms 12 Multi Family Unit3 Total Bedrooms 1 Multi Family Unit3 Total Full Baths 1 Multi Family Unit3 Total Half Baths 0 Multi Family Unit3 Total Rooms 1 Multi Family Unit4 Total Bedrooms 2 Multi Family Unit4 Total Full Baths 1 Multi Family Unit4 Total Half Baths 0 Multi Family Unit4 Total Rooms 3 Multi Family Unit5 Total Bedrooms 1 Multi Family Unit5 Total Full Baths 1 Multi Family Unit5 Total Half Baths 0 Multi Family Unit5 Total Rooms 1

Property Features

Association YN No City Town Taxing Entity Troy Enhanced Accessible YN No New Construction YN No Possession At ClosingSubject To Tenant Rights Property Sub Type Multi Family Separate Utilities ElectricGas Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 9738.92 Water Source Public Zoning Multi Residence

Listing information © 2023 Global MLS.
Listing provided courtesy of Alison Walden of Field Realty: (518) 495-1877.



© 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 2023-02-01T00:12:05.96.
 
https://bt-photos.global.ssl.fastly.net/capital/1280_boomver_1_202230796-2.jpg
Logo
The Shannon McCarthy Team | Keller Williams Capital District
125 High Rock Ave, Suite 200
Saratoga Springs NY, 12866