Sharon FronkRealtor® · Howard Hanna
LoadingTroy, NY 12182 · Rensselaer County
This Troy multi-family offering is a 12-unit apartment property built in 1890, spanning about 7,885 square feet on a 0.42-acre lot with 18 bedrooms and 13.5 baths. The remarks describe apartments with wood work, finishes, and exposed brick walls, surrounded by gardens and open space, with a detached two-car garage. The listing notes many long-term tenants and a current cap rate of 7 percent, and mentions proximity to downtown Troy, 787, and Route 7. The property is in the Lansingburgh school district with no HOA.
Rare opportunity to own nearly half block of meticulously maintained 12 units apartment.See the high end apartments with exquisite wood work, finishes, fixtures & exposed brick walls. The buildings are surrounded by gardens and open space, on the corner across from Stewart's and CVS, cross the 112th street bridge to Cohoes. Minutes to Downtown Troy, 787 and Rt 7. Many long term tenants provide steady income. Current cap rate 7% with a high market cap rate of 8.7%.
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Troy is in Rensselaer County, NY. There are currently 111 active listings here, ranging from $15,500 to $2,700,000. Listings in this address fall under the Lansingburgh school district. Priced 700% above the Troy median of $299,900.
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Howard Hanna Capital Inc · Listed by Joseph P Cardinale (30496)
Contact: 518-755-2064
MLS #202613763 · Source: Global MLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Sharon Fronk Real Estate is committed to compliance with the Fair Housing Act and provides equal opportunity in housing.
Licensed Real Estate Salesperson · Howard Hanna
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Real numbers from current MLS data. Not a third-party estimate.
Every change captured by Global MLS since this listing went live.
