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Listed by Scott J Alvarez • REMAX Solutions
$470,000
Est. payment /mo
10 Beds
4 Baths
4,483 SqFt
New
45 S Lake Avenue Troy, NY 12180
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,483 sqft
Price per Sqft $104
MLS Listing ID 202519654
Bedrooms 10
Full Baths 4
HOA Y/N No
Year Built 1910
Annual Tax Amount $13,058
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Quadruplex
Source Global MLS
Property Description
High-Income 4-Unit Investment Property with Porches & Parking a must-see investment opportunity at 45 South Lake Avenue. This very large, four-unit building is a cash-flow machine, generating over $6,000 in monthly rent with all leases currently in place.
The property boasts a fantastic look with huge, covered porches on both levels, offering great curb appeal. Situated in a quiet location, it has a strong rental history, having attracted students from RPI and Hudson Valley Community College. Numerous upgrades have been completed, including two recently remodeled units and new kitchen cabinets in another. The first-floor unit is exceptionally large, adding to the property's desirability. A standout feature is the ample off-street parking in the rear for at least 6-7 vehicles
The property boasts a fantastic look with huge, covered porches on both levels, offering great curb appeal. Situated in a quiet location, it has a strong rental history, having attracted students from RPI and Hudson Valley Community College. Numerous upgrades have been completed, including two recently remodeled units and new kitchen cabinets in another. The first-floor unit is exceptionally large, adding to the property's desirability. A standout feature is the ample off-street parking in the rear for at least 6-7 vehicles
Location
State NY
County Rensselaer
Direction Get on I-787 N 3 min (0.8 mi) Continue on I-787 N to Troy 7 min (7.3 mi) Continue on NY-7 E/Hoosick St. Drive to S Lake Ave 4 min (1.5 mi) 45 S Lake Ave Troy, NY 12180
Interior
Heating Forced Air, Natural Gas
Exterior
Exterior Feature None
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Troy
Others
Tax ID 381700 101.43-5-3
Special Listing Condition Standard