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24 2nd Ave 8 Unit Apartment Building $720,000 ($90,000/Unit) 9.90% Cap Rate Troy, NY 12180
INVESTMENT HIGHLIGHTS
- Security cameras
EXECUTIVE SUMMARY
Newly renovated 8-unit multi-family property, fully occupied with strong tenants and management in place. Features include market-value rents with a 12.1% ROI and a 9.9% cap rate. Recent upgrades include new hot water tanks, a new roof, and security cameras in all common areas. Ideally located near public transportation and restaurants. Don't miss this chance to own a profitable asset! The pro forma net operating income could achieve $10,600 monthly.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS Under Contract
| Price | $720,000 | Apartment Style | Low-Rise |
| Price Per Unit | $90,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 9.90% | Building Size | 6,000 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1910/2024 |
| Zoning | R4 - Residential | ||
| Price | $720,000 |
| Price Per Unit | $90,000 |
| Sale Type | Investment |
| Cap Rate | 9.90% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 6,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2024 |
| Zoning | R4 - Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 1+1 | 5 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 1700-090.46-2-28 | Total Assessment | $250,000 |
| Land Assessment | $5,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $244,500 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
1700-090.46-2-28
Land Assessment
$5,500
Improvements Assessment
$244,500
Total Assessment
$250,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Highview 2402 LLC
24 2nd Ave
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