905 Mason Street, Schenectady, NY 12308

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Property Description

Exceptional 5-unit investment opportunity on a corner lot in Schenectady, boasting a 10% cap rate. This income-producing property features five units with a strong rent profile at $1,000 per unit per month. The front studio unit and rear two-bedroom unit are currently vacant, offering immediate value-add potential for an owner-occupant or investor to lease at market rates. Additional highlights include a detached 3-car garage providing extra income potential, and fully paid-off solar panels, significantly reducing operating expenses. Conveniently located with easy access to local amenities, this property presents a rare combination of cash flow, upside, and efficiency. The property features a 2 year old roof which was replaced prior to the solar panels being installed.

905 Mason Street | MLS# 202530970

This multi-family property located at 905 Mason Street, Schenectady, NY 12308 is currently listed for sale by Coldwell Banker Prime Properties, with an asking price of $425,000. Mason 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: Yes
Basement: Full
Cooling: None
Garage: 3
Heating: Baseboard, Electric, Forced Air, Natural Gas, Solar
Home Style: Apartment 4 Plus Unit
Lot Size: 0.14 Acres
Taxes: $6,618
Year Built: 1984

Feature Descriptions

Days on Site: 80
Exterior: Brick, Drywall
Exterior: None
Fencing: Wood, Front Yard
Flooring: Linoleum
Foundation: Concrete Perimeter
Lot: Corner Lot
Parcel #: 421500 39.44-1-44
Parking: Off Street
Parking Total: 3
Parking Total: 3
Patio/Porch: Patio
Sewer: Public Sewer
SQFT Above Grade Finished: 3624
Structures: Garage(s)
Water: Public

Local Schools

High School: Schenectady
School District: Schenectady

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Estimated Payment

$ 1,621.32 per month $945.87 Principal & Interest $551.50 Property Tax $123.96 Homeowner's Insurance

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Listed By / Shown By

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Listing By

Agency Name: Coldwell Banker Prime Properties
Agency Phone: 1 518-477-1000
Agent Name: Christopher Serra
Agent Phone: (518) 630-3796 Cell

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