601-603 2nd Avenue, Troy, NY 12182
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601-603 2nd Avenue, Troy, NY 12182
601-603 2nd Avenue, Troy, NY 12182
601-603 2nd Avenue, Troy, NY 12182
601-603 2nd Avenue, Troy, NY 12182
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Listed by Saad Tai • Real Broker NY LLC
$ 399,000
Est. payment /mo
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601-603 2nd Avenue Troy, NY 12182

9 Beds

4 Baths

5,800 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,800 sqft

Price per Sqft $68

MLS Listing ID 202623843

Bedrooms 9

Full Baths 4

HOA Y/N No

Year Built 1911

Annual Tax Amount $5,740

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Multi Family

Source Global MLS

Property Description

Most investors will walk right past this one. Smart money won't.
4 residential units over two storefronts in Troy's newly designated historic district -- and they need real work, which is exactly where the money is. This isn't turnkey. It's a blank canvas for someone who builds equity instead of paying for it.
Already throwing off $3,600/month, with both storefronts untapped. Renovate the units, stabilize the commercial space, and the back-end tells a whole different story. Historic district means character, demand, and upside baked in.
The kicker: the seller wants to deal. Cash, owner financing, conventional -- all on the table. Seller-held paper on a value-add like this? Rare.
Done buying other people's equity? Let's create yours.

Location

State NY

County Rensselaer

Direction 787 to Right on to Ontario (Rte. 470), left on Second Avenue, between 116th and 117th Street.

Interior

Heating Space Heater, Natural Gas

Exterior

Exterior Feature None

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Schools

School District Lansingburgh

Others

Tax ID 381700 80.47-5-8

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Inglenook Realty, Inc.

Inglenook Realty, Inc.

NYS Licensed Real Estate Brokerage | License ID: 109931319

+1(518) 882-6236

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601-603 2nd Avenue

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