156 2nd Street Active Save Request In-Person Tour Request Virtual Tour
Troy,NY 12180
Key Details
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,566 sqft
Price per Sqft $191
MLS Listing ID 202513828
Bedrooms 12
Full Baths 8
Year Built 1920
Annual Tax Amount $17,360
Lot Size 6,098 Sqft
Property Sub-Type 5+ Units
Property Description
**Prime 8-Unit Brownstone in Downtown Troy**
Located in a vibrant neighborhood near Russell Sage College, this 8-unit brownstone is a stellar investment opportunity. Situated on a triple lot with expansion potential, the property features 5 of the 8 units fully renovated/updated, stable long-term tenants, and under-market rents for increased cash flow potential. The 1st floor(basement) could be converted into an additional 9th unit, Laundry amenity provides additional cash flow. An experienced property manager, in place for 8 years, is willing to stay on for seamless operations.
Perfectly, walkable area close to shops, restaurants, and schools, this property offers both immediate income and long-term growth potential.
Location
State NY
County Rensselaer
Zoning Commercial
Interior
Heating Natural Gas
Flooring Carpet,Hardwood
Fireplaces Type Wood Burning,Family Room
Exterior
Exterior Feature None
Parking Features None
Utilities Available Underground Utilities
Roof Type Flat
Building
Lot Description Level,Corner Lot
Sewer Public Sewer
Water Public
Schools
School District Troy