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Listed by John O'Neill-Knasick • eXp Realty
$ 230,000
Est. payment /mo
Active
553 Mumford Street Schenectady, NY 12307
6 Beds
2 Baths
2,200 SqFt
UPDATED:
09/11/2024 05:38 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $104
MLS Listing ID 202424890
Bedrooms 6
Full Baths 2
HOA Y/N No
Year Built 1920
Annual Tax Amount $5,000
Lot Size 9,583 Sqft
Acres 0.22
Property Description
Investment Opportunity in Schenectady, NY! This 2021-renovated duplex is perfect for both investors and those looking to owner-occupy. The upstairs unit is currently rented, generating $1,500 monthly, while the vacant downstairs unit can bring in $1,800 monthly. Together, the property can generate $3,300 per month or $39,600 annually in rental income, offering a solid 11% cap rate. With off-street parking, a large side lot, and a corner lot location, this property provides plenty of space and convenience for tenants. Located less than a mile from I-890 and only 1.5 miles from Rivers Casino, it's ideally situated near key amenities. Whether you're looking to grow your portfolio or live and earn, this opportunity offers excellent cash flow and long-term investment potential. Don't miss out!
Location
State NY
County Schenectady
Direction At the corner of Mumford and Strong Street.
Interior
Interior Features Other
Heating Forced Air, Natural Gas
Flooring Laminate
Exterior
Garage Off Street, Driveway
Waterfront No
Roof Type Shingle
Building
Lot Description Level, Road Frontage, Corner Lot
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Schenectady
Others
Tax ID 421500 49.31-4-21.1
Special Listing Condition Standard
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