Bought with David T Schwartz • KW Platform
$1,100,000
$1,100,000
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21 Beds
12 Baths
14,306 SqFt
SOLD DATE : 06/11/2025
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 14,306 sqft
Price per Sqft $76
MLS Listing ID 202512539
Sold Date 06/11/25
Bedrooms 21
Full Baths 11
Half Baths 1
HOA Y/N No
Year Built 1899
Annual Tax Amount $14,378
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Multi Family
Source Global MLS
Property Description
Introducing Flanagan Block, a landmark investment at 2-10 South Central Ave in Mechanicville. This distinguished 11-unit building comes to market at an attractive 8% cap rate with strong rental history and a quality rent roll w/increase potential. The 14,306 SF building features predominantly spacious two-bedroom layouts, has exceptional ''bones'' providing durability and low maintenance and also has an efficient set up for utilities. Each unit is separately metered for electric and all appliances and water heaters are electric (electric expense passed through to tenants). Two natural gas boilers provide heat for the building at the landlords expense. Public water and sewer. Financials and interior unit details available upon execution of NDA. This is a rare opportunity in a prime location.
Location
State NY
County Saratoga
Direction Take Rt 67 to Route 4 to Downtown Mechanicville. The property is in the city center.
Interior
Heating Baseboard, Natural Gas
Flooring Hardwood
Exterior
Exterior Feature None
Parking Features None
Utilities Available Cable Available, Cable Connected
Roof Type Rubber
Building
Lot Description Road Frontage, Cleared
Sewer Public Sewer
Water Public
Architectural Style Apartment 4 Plus Unit
Schools
School District Mechanicville
Others
Tax ID 262.61-3-19
Special Listing Condition Standard
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