4 River Street, Schenectady, NY 12305

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Property Description

Well-Maintained 6-Unit Multifamily Investment Opportunity -- $750,000Fully 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.

4 River Street | MLS# 202625284

This multi-family property located at 4 River Street, Schenectady, NY 12305 is currently listed for sale with an asking price of $750,000. River Street is located within the Schenectady school district. Search Schenectady real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Full, Unfinished
Basement: Yes
Cooling: None
Heating: Electric
Home Style: Apartment 4 Plus Unit
Lot Size: 0.18 Acres
Taxes: $15,721
Year Built: 1950

Feature Descriptions

Body of Water: Erie Canal
Body of Water: Erie Canal
Days on Site: 4
Exterior: None
Exterior: Brick
Parcel #: 421500 39.56-2-11.1
Sewer: Public Sewer
SQFT Above Grade Finished: 5829
Water: Public
Waterfront: Other

Local Schools

High School: Schenectady
School District: Schenectady

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Estimated Payment

$ 3,198.01 per month $1,669.17 Principal & Interest $1,310.08 Property Tax $218.75 Homeowner's Insurance

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(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Carrow Real Estate Services LLC
Agency Phone: 1 518-462-7491

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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