$750,000
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4 RIVER ST SCHENECTADY, NY 12305
Other
Residence
12
Beds
7
Baths
...
Bed/Bath
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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Well-Maintained 6-Unit Multifamily Investment Opportunity -- $750,000
Fully rented and turnkey, this 6-unit multifamily property offers a stable, income-producing asset with room to grow. Each unit is separately metered with individual gas furnace heat and its own hot water tank, keeping utility co...sts cleanly divided between tenants. The property also features ample on-site parking for residents, and is located +/- 250 feet from the ALCO Heritage Trail bike path.
Currently generating an approximate 6% cap rate, the property presents a clear path to an estimated 8% cap rate through market-rate rent adjustments -- offering investors meaningful upside in both cash flow and long-term value.
A well-maintained, fully occupied property with strong fundamentals and clear growth potential. Pro forma available upon request.
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MLS#
202625284
Property Type
Other
Bedrooms
12
Bathrooms
6 Full/1 Half
Year Built
1950
Lot Size
0.18
Sewer
Public Sewer
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