Financing can be conventional residential for this building (does not have to be commercial). Fantastic upside potential in this well maintained 2 family property featuring long term tenants and an on site income producing laundry operation. The lower level includes four coin operated washers and four coin operated dryers,… Read More currently offered exclusively to the owner's tenants, including his tenants from his surrounding properties. The laundry fluctuates anywhere from $250-$500 per month in additional income. The two residential units currently rent for $850 and $900 per month, providing immediate cash flow with significant room for growth. Both units are spacious, offering large bedrooms, generous closet space, hardwood flooring, and ceramic tiled bathrooms. The property is located in an area undergoing active redevelopment, with nearby lots being developed into brand new 2- & 3-unit buildings. This presents a strong opportunity to capitalize on the ongoing revitalization of the neighborhood. Fair market rents in ZIP code 12202 is $1,420 per unit, making this an excellent value add investment. Read Less
Courtesy of Leon Levy (518-727-7493), Berkshire Hathaway Home Services Blake.
Listing Snapshot
Days Online
51
Last Updated
Property Type
Duplex
Beds
4
Full Baths
2
Lot Size
0.03 Acres
Year Built
1890
MLS Number
202612538
30 Days Snapshot Of 12202
$75k
-27%
(avg) sold price
1
-50%
home sold
73
+2%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: "Slab", "None"
Building
Architectural Style: "Traditional", Construction Materials: "Brick", "Wood Siding", Living Area: 1,890, Number Of Units Total: 2, Year Built: 1890
Cooling
Cooling: "None"
Expenses
Insurance Expense: $1,200
Exterior Features
Features: "None", Patio And Porch Features: "None", Patio And Porch Features: "None"
Fence
Fencing: "None"
Floors
Flooring: "Carpet", "Ceramic Tile", "Hardwood"
Foundation
Foundation Details: "Brick/Mortar", "Combination", "Slab"
Heating
Heating: "Baseboard", "Natural Gas", Heating Included
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