Skip to content
Classifieds

User Stats

134
Posts
129
Votes
Vitaliy Volpov
Pro Member
  • Investor
  • Albany, NY
129
Votes |
134
Posts

3-Unit Rehab Opportunity in Rensselaer, New York

Vitaliy Volpov
Pro Member
  • Investor
  • Albany, NY
Posted Jul 14 2018, 20:49
Huge, Handyman-Special Tri-Plex with Great Income Potential 1203 Broadway, Rensselaer, NY - $104,900

Potential Cash Cow!

Guys,

This is a 3-unit, 3,500 square-foot building in a great location in Downtown Rensselaer, NY. It definitely needs TLC, but has a ton of potential. There is a huge attic with room for a 4th unit or a master suite (subject to City approval). There are already 4 gas meters on the premises and some plumbing and electrical already in the attic.

Very large apartments with great natural light. A true must see. Lots of off street parking and a garage for added income. Great bones to this building.

Here are some details:
  • 1st fl Unit: 3 bds, 1 bth - Est. Rent $1,000/mo
  • 2nd fl Unit: 3 bds, 1 bth - Est. Rent $1,100/mo
  • 3rd fl Unit: 2 bds, 1 bth - Est. Rent $900/mo
  • Attic: if Master Suite add Est. Rent $350/mo <or> Studio add Est. Rent 550/mo
  • Garage: Est. Rent $80.00/mo
  • Taxes: Approx. $4,100.00/yr
  • Insurance: Approx. $1,900/yr
Additional photos of the property are at this link: https://photos.app.goo.gl/Fx4Ezo1ECLVQgTYe7

The property needs work, but it will definitely be worth the investment. There are some very strong sold comps in the area: Click Here to View Listings

PM, text, or call me for showing information. Motivated sellers. Bring offers!!!

Vitaliy

----------------

Vitaliy Volpov
Associate Broker
Serenity Real Estate Team
518-461-6376
www.serenityrealestate518.com
Offering