143 2ND AVE, Troy, NY
Multi-family for Sale - $699,000 - 11,090 Sq. Ft.
Property Info
CIMLS# | 1034786 |
Location 143 2ND AVE Troy NY 12180 | |
Updated | December 23rd, 2018 |
Type | Multi-family |
Price | $699,000 |
Building | 11,090 Sq. Ft. |
Property Description
Castle-on-the-Hudson
Hudson River Waterfront Package
+ 2 adjacent properties:11,090 sf
+ Direct frontage on Hudson River with 166 ft Hudson River waterfront
+ Currently configured as: 2 multifamily properties, 12 apartments 7 2BR, 5 1BR
+ Individual apartment decks overlooking River + shared waterfront deck
+ Dock your boat on the Hudson
Financials
Rent Roll: $117,000
Net income: $ 84,000
Cap rate: 12.0%
After upgrades/rehab:
Pro-Forma Rent Roll: $151,000 - $181,000
Pro-Forma Net Income: $118,000 - $148,000