Bought with Ryan Mortka • Coldwell Banker Prime Properties
$700,000
$724,900
3.4%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
11 Baths
9,767 SqFt
SOLD DATE : 05/23/2023
Key Details
Sold Price $700,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Square Footage 9,767 sqft
Price per Sqft $71
MLS Listing ID 202313950
Sold Date 05/23/23
Bedrooms 9
Full Baths 11
HOA Y/N No
Year Built 1935
Annual Tax Amount $16,477
Lot Size 9,147 Sqft
Acres 0.21
Lot Dimensions 61x150
Property Sub-Type 5+ Units
Source Global MLS
Property Description
Rare opportunity to own this solid brick 11 unit investment property located in downtown Mechanicville. Currently it's fully occupied with good tenants bringing in $109,800/year of gross rents. First floor was converted from a resturant to 3 apartments a couple years ago, some long term tenants allowing room for increased rents. Newer high efficiency boilers within last two years and offers an off street parking lot for approximently 8 cars in the rear. Would make great addition to a seasoned investors portfolio or great start for a new investor!
Location
State NY
County Saratoga
Zoning Commercial
Direction rt 67 to N Main
Interior
Heating Baseboard, Hot Water, Natural Gas
Flooring Vinyl, Hardwood, Laminate, Linoleum
Window Features Double Pane Windows
Exterior
Exterior Feature None
Parking Features Right of Way Driveway, Off Street
Utilities Available Cable Available
Roof Type Rubber
Porch Rear Porch, Covered
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Mechanicville
Others
Tax ID 411000 262.54-4-4
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition Standard
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