Bought with John M Bevilacqua • The Property Shop
$242,000
$249,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
1619 5th Street Rensselaer, NY 12144
22 Beds
4 Baths
4,400 SqFt
Key Details
Sold Price $242,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $55
MLS Listing ID 202323660
Bedrooms 22
Full Baths 4
Year Built 1905
Annual Tax Amount $4,787
Lot Size 4,791 Sqft
Property Sub-Type Quadruplex
Property Description
Incredible value add opportunity with potential to earn a high double digit cap rate after renovations. Solid 4 unit with good bones, all apartments need cosmetic rehab, mechanicals in good shape, tenants pay separate utilities. All 4 units will be able to be gross $50k+ after rehab, and NOI of $40k+ is very realistic. Put $25k in your pocket after the mortgage! Don't miss this opportunity before its gone!
Location
State NY
County Rensselaer
Interior
Heating Baseboard, Natural Gas
Flooring Hardwood
Exterior
Exterior Feature None
Roof Type Rubber
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Rensselaer
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