MLS Number 202026365
- Address 150 4TH ST
- Square Feet 9,142
- Bedrooms 6
8.9 cap rate 16 unit brick multi-use building offering gross rents of $173,400. In prime Downtown Troy location close to professional buildings, restaurants, stores, and easy commute to both RPI and HVCC. Featuring 14 very well-maintained 1BR apartments boasting high ceilings, open layouts, and tall windows to let in the natural light. The 14 apts are above 2 commercial store fronts - currently used as a laundromat, and as an office. Office can easily be converted to a store with large window overlooking popular location. Store fronts share a 1/2 bath in common area under the staircase. Separate utilities with 16 new electric meters supporting the 14 apartments' electric baseboard heat; 16 hot water tanks. The laundromat pays 1/4 of the water bill. 100% occupancy! Leased thru 8/20.
Listed by Signature ONE Realty Group