Troy Homes with Level Lot Description

Troy Homes with Level Lot Description

Welcome to Troy, New York—a vibrant city nestled in the heart of Rensselaer County, where history meets modern living. Known for its rich industrial heritage and stunning architecture, Troy boasts a unique charm that attracts both residents and visitors alike. With its picturesque streets lined with beautifully preserved 19th-century buildings, the city is a delightful blend of old-world charm and contemporary culture.

Troy is not only a historical gem but also a hub of creativity and innovation. The city is home to a thriving arts scene, bustling farmers' markets, and a variety of local eateries that showcase the best of farm-to-table cuisine. Outdoor enthusiasts will love the nearby parks and the scenic Hudson River, perfect for hiking, biking, and enjoying the breathtaking views of the changing seasons.

When it comes to real estate, Troy offers a diverse range of homes, including those with level lots—an ideal feature for families and individuals seeking easy maintenance and accessibility. Homes with level lots provide ample outdoor space for children to play, gardens to flourish, and gatherings to take place without the worry of steep inclines or challenging terrain. This practical aspect enhances both the beauty and functionality of your property, making it a perfect choice for those who value convenience.

Whether you're looking to invest in a charming historic home or a modern dwelling, Troy's real estate market is brimming with opportunities. Experience the warmth of a community that welcomes you with open arms, and discover the joys of living in this enchanting city. Your dream home in Troy awaits!

Newest Troy Homes with Level Lot Description

$225,000
6 Beds 2 Baths 202624811 MLS
Investors and owner-occupants, take notice! Located at 1302 5th Avenue in Troy, this two-family property offers two 3-bedroom, 1-bath units and an excellent opportunity for rental income in a convenient Capital Region location. Both units feature a kitchen, living room, full bath, refrigerator, stove and washer/dryer hookups. Separate electric and gas utilities provide an attractive setup for investors, with tenants responsible for cable, electricity and heat. The property also offers forced-air heating, a walk-out basement, public water and sewer, 100-amp electrical service and a level 0.23-acre lot. Expected market rents were discussed at approximately $1,300-$1,600 per month per unit. Current cap-rate projections discussed range from approximately 10.2% at the low-market scenario to 13.4% at the high-market scenario, with an estimated cap rate of 11.8%. Buyers should independently verify rental income, expenses and cap-rate calculations. The property is ideally positioned near downtown Troy and the popular Little Italy neighborhood, offering convenient access to restaurants, shopping, entertainment, employment centers and city amenities. Located within the Troy City School District, residents have access to Troy's public school system. Recreation is nearby, including Frear Park with golf, tennis, fields, playgrounds and seasonal activities, as well as Prospect Park and its outdoor amenities. With two 3-bedroom units, separate utilities and strong rental potential, 1302 5th Avenue offers versatility for investors seeking income-producing real estate or owner-occupants looking to offset housing costs. Light staging can help showcase the vacant rooms, layout and potential of each unit.

1302 5th Avenue

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