Exceptional opportunity to acquire School One Lofts, a fully occupied 29-unit multifamily asset featuring approximately $3.1 million of assumable Fannie Mae financing at 5.23% and a long-term PILOT tax agreement through 2037. Originally converted from a historic school, the property offers spacious loft-style residences with oversized windows, original hardwood flooring,… Read More granite countertops, stainless steel appliances and in-unit laundry. Residents enjoy on-site parking and ''All-In Living'' package, which combines fiber internet, cable, electricity, heating, air conditioning and hot water into one monthly payment. Proven rental history, attractive in-place cash flow and operational upside through improved management efficiencies make this a strong investment opportunity. Read Less
Courtesy of Ryan Mortka (518-534-3714), Realty One Group Key.
Listing Snapshot
Days Online
13
Last Updated
Property Type
Multi Family
Lot Size
0.62 Acres
Year Built
1920
MLS Number
202621635
30 Days Snapshot Of 12180
$367k
+32%
(avg) sold price
36
+63%
homes sold
67
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Basement: "Finished", "Full"
Building
Architectural Style: Apartment 4 Plus Unit, Construction Materials: "Block", "Brick", Living Area: 25,519, Number Of Units Total: 29, Year Built: 1920
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