Description
Exceptional Turnkey 3-Family in the Heart of Schenectady's Historic Stockade! Whether you're looking to grow your investment portfolio or live in one unit while your tenants help pay the mortgage, this well-maintained three-family property is an outstanding opportunity. Two of the three units have been tastefully renovated and are fully occupied, generating $2,100 per month in rental income. The spacious 4-bedroom, 1-bath unit is vacant and move-in ready, making it ideal for an owner-occupant or an investor seeking additional rental income. Major updates include new 400-amp electrical service with four new breaker panels, offering peace of mind and long-term value. The property features: Two renovated 1-bedroom, 1-bath apartments rented at $1,100/month and $1,000/month One vacant 4-bedroom, 1-bath apartment with strong rental potential of approximately $1,800/month Projected gross annual rental income of $46,800 when fully occupied Detached 3-car garage Prime location in the highly sought-after Stockade Historic District, just minutes from downtown Schenectady, restaurants, shopping, Rivers Casino, Union College, Ellis Hospital, and major highways. A rare opportunity to own a versatile, income-producing property in one of Schenectady's most desirable neighborhoods. Whether you're an investor looking for solid cash flow or a buyer interested in offsetting your mortgage with rental income, this property offers exceptional value.
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6BEDS
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0.11ACRES
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3BATHS
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01/2 BATHS
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2,600SQFT
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$129$/SQFT
Description
Exceptional Turnkey 3-Family in the Heart of Schenectady's Historic Stockade! Whether you're looking to grow your investment portfolio or live in one unit while your tenants help pay the mortgage, this well-maintained three-family property is an outstanding opportunity. Two of the three units have been tastefully renovated and are fully occupied, generating $2,100 per month in rental income. The spacious 4-bedroom, 1-bath unit is vacant and move-in ready, making it ideal for an owner-occupant or an investor seeking additional rental income. Major updates include new 400-amp electrical service with four new breaker panels, offering peace of mind and long-term value. The property features: Two renovated 1-bedroom, 1-bath apartments rented at $1,100/month and $1,000/month One vacant 4-bedroom, 1-bath apartment with strong rental potential of approximately $1,800/month Projected gross annual rental income of $46,800 when fully occupied Detached 3-car garage Prime location in the highly sought-after Stockade Historic District, just minutes from downtown Schenectady, restaurants, shopping, Rivers Casino, Union College, Ellis Hospital, and major highways. A rare opportunity to own a versatile, income-producing property in one of Schenectady's most desirable neighborhoods. Whether you're an investor looking for solid cash flow or a buyer interested in offsetting your mortgage with rental income, this property offers exceptional value.
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