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- LoopNet Team
855-859 Crane St
Schenectady, NY 12303
6 Unit Mixed-Use Multi-Family · Multifamily Property For Sale
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6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.09 AC |
| Property Type | Multifamily | Building Size | 5,880 SF |
| Property Subtype | Apartment | Average Occupancy | 66% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1981 |
| Zoning | Mixed Use - Mixed-use Residential/Commercial | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 5,880 SF |
| Average Occupancy | 66% |
| No. Stories | 2 |
| Year Built | 1981 |
| Zoning | Mixed Use - Mixed-use Residential/Commercial |
AMENITIES
SITE AMENITIES
- Public Transportation
ABOUT 855-859 CRANE ST , SCHENECTADY, NY 12303
This fully occupied 6-unit consists of two 2-bedroom apartments and two 1-bedroom apartments on the second floor, each with 1 bathroom. On the ground floor are 2 retail spaces, each with a half-bathroom. The roof is made of rubber and was renovated 3 years ago, and the forced air heating system and mechanicals are in good condition. The building has normal wear and tear, but no code nor structural issues and no immediate repair needs. Tenants have lived here for years which has led to consistent returns and highlights the strength of the investment - perfect for a solo 401(k) or self-directed IRA. If you're satisfied with a turnkey cap rate of 16.3% and annual cash flows of $26,000, then what are you waiting for? Act now and make this value-added opportunity a part of your portfolio for only 160K.
PROPERTY TAXES
| Parcel Number | 049-047-0003-043-000-0000 | Improvements Assessment | $180,100 |
| Land Assessment | $12,700 | Total Assessment | $192,800 |
PROPERTY TAXES
