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$ 364,000
Est. payment /mo
Price Dropped by $5K
1595 Union Street Schenectady, NY 12309
4 Beds
4 Baths
1,804 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,804 sqft
Price per Sqft $201
MLS Listing ID 11937082
Bedrooms 4
Full Baths 4
Year Built 1984
Annual Tax Amount $7,345
Lot Size 5,227 Sqft
Property Description
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.
Location
State NY
County 36093
Rooms
Dining Room 0
Kitchen 0
Exterior
Garage Spaces 2.0
Building
Sewer Municipal
Water Community
Tenisha Davis, Licensed Real Estate Broker
Licensed Real Estate Broker - GRI, ABR, CBR, SFR, SRS - Notary Public