$1,550,000

Multi Family In Mechanicville

  • 19 Beds
  • 11 Baths
  • 11,016 Sqft
  • 5,228 Sqft lot
  • Updated: October 6
  • Source:
    Global MLS  MLS#202627584

About the Property

Excellent opportunity to acquire the historic Flanagan Block, an 11-unit multifamily investment in the heart of Downtown Mechanicville. Current ownership has completed improvements throughout the property, including facelifts to many units, while placing new tenants and strengthening the rent roll. Currently 10 of 11 units are occupied, with the vacant unit available for showings. The property fea
Excellent opportunity to acquire the historic Flanagan Block, an 11-unit multifamily investment in the heart of Downtown Mechanicville. Current ownership has completed improvements throughout the property, including facelifts to many units, while placing new tenants and strengthening the rent roll. Currently 10 of 11 units are occupied, with the vacant unit available for showings. The property features predominantly spacious 2-bedroom apartments and generates strong in-place income with additional upside. Units are separately metered for electric, paid by tenants, while landlord provides heat through natural gas boilers. Strong financials and rental history with approximately $138,450 NOI. Rent roll and financials available upon request.
…
  • Property type

    Other

  • Year built

    1924

  • Price/sqft

    $140

Features

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2 - 10 S Central Avenue, Mechanicville, New York, United States View on Google Maps
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Realty One Group Key - Latham

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Realty One Group Key - Latham
New York, United States
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3
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2026
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Realty One Group Key - Latham
Latham, New York, United States
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Last updated
October 6
First listed
October 6
Listing reference
202627584
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