Share this with your friends
+15188999500
Red Door Realty NY
1809 5th Avenue, Troy, NY 12180
- $750,000
- 3
- BD
- 5
- BA
- 4,752
- SqFt
- List Price
- $750,000
- MLS#
- 202627229
- Style
- Other
- Bedrooms
- 3
- Bathrooms
- 5
- Half-bathrooms
- 2
- Subdivision
- Select One
Property Description
PRIME, FULLY LEASED MIXED-USE INVESTMENT OPPORTUNITY IN DOWNTOWN TROY! Located just steps away from RPI and Russell Sage College, this 4,752 sq. ft. building offers an unbeatable combination of stable residential and commercial income from day one. The property features two spacious apartments positioned above a highly visible, established ground-floor restaurant space and 2nd floor hair salon with a proven lease history, capitalizing on the area's high student and young professional rental demand. A savvy investor will appreciate the major, high ticket capital improvements that significantly lower future cap - ex, including a 3 year old roof, a brand new main sewer line, and modern, highly efficient mini split heating and cooling systems installed in all apartments. With separate utilities, low maintenance mechanicals. and a premier urban location surrounded by Troy's vibrant dining and shopping district, this asset is a powerhouse addition to any real estate portfolio. Schedule your walkthrough today!
Additional Information
- Taxes
- $14,431
- Acres
- 0.04
- School District
- Troy
- Heating
- Hot Water, Ductless, Radiant
- Cooling
- Wall Unit(s)
- Exterior Features
- Other
- Construction
- Brick
- Roof
- Rubber
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Listing courtesy of listing agent Kathy A Johnson with Monticello Brokerage, 518-332-2873.
©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated