Well-Maintained 6-Unit Multifamily Investment Opportunity -- $750,000
Fully rented and turnkey, this 6-unit multifamily property offers a stable, income-producing asset with room to grow. Each unit is separately metered with individual gas furnace heat and its own hot water tank, keeping utility costs cleanly divided between tenants. The property also features… Read More ample on-site parking for residents, and is located +/- 250 feet from the ALCO Heritage Trail bike path.
Currently generating an approximate 6% cap rate, the property presents a clear path to an estimated 8% cap rate through market-rate rent adjustments -- offering investors meaningful upside in both cash flow and long-term value.
A well-maintained, fully occupied property with strong fundamentals and clear growth potential. Pro forma available upon request. Read Less
Courtesy of Craig Clermont (518-369-2729), Carrow Real Estate Services LLC.
Listing Snapshot
Days Online
52
Last Updated
Property Type
Multi Family
Beds
12
Full Baths
6
Partial Baths
1
Square Ft.
5,829
Lot Size
0.18 Acres
Year Built
1950
MLS Number
202625284
Additional Details
Basement
Full, Unfinished
Building
Built in 1950, Living area: 5829.0, Construction Materials: Brick
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