1595 Union Street

About this property

Turnkey mixed use opportunity in Schenectady's Upper Union Street corridor. This quadruplex offers four separate one bedroom, one bath units, two on the first floor and two on the second, each with its own kitchen, living space with combined dining area, full bath, refrigerator, and range. Recent updates throughout include fresh paint, new flooring, updated kitchens, and modernized baths, so the work is already done for you. The property offers an estimated 13.9% cap rate, well above the average cap rate typically seen across New York's Capital Region, representing a strong income producing return. Parking is a standout, with a driveway, a 2 car garage, and additional parking behind the building for an estimated 6 to 8 total spaces. Four separate electric meters and four separate water meters keep utilities simple. Additional features include an unfinished basement with laundry, a level 0.12 acre lot with chain link fenced back yard, a storage shed, forced air heat, and asphalt shingle roof. Close to the Upper Union Street shops and restaurants with quick access to I 890, Route 7, and the Thruway. Showings through showing service. Taxes are estimated. All figures are estimates and should be independently verified by buyer.