118 Adams Street Troy, NY 12180
4 Beds
2 Baths
2,024 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,024 sqft
Price per Sqft $74
MLS Listing ID 202616561
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1910
Annual Tax Amount $2,824
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Duplex
Source Global MLS
Property Description
Both apartments are currently occupied, providing consistent rental income from day one. The property generates a total of $1,400 per month, or $16,800 annually, offering a stable foundation for investors seeking reliable cash flow. With tenants already in place, this is a true turnkey opportunity with no need for initial lease-up or vacancy concerns.
The first-floor unit has been recently updated, adding modern appeal and functionality. All appliances in this unit are brand new, helping to minimize maintenance costs and enhance tenant satisfaction. The thoughtful updates contribute to the overall value of the property and set the stage for potential future improvements.
Each unit offers a practical and comfortable layout, with appropriately sized bedrooms, functional kitchens, and inviting living spaces. The 2-bedroom configuration is consistently in demand in the local rental market, making it easier to maintain occupancy and attract long-term tenants.
The property benefits from close proximity to local shops, restaurants, and major roadways. Troy continues to see growth and revitalization, further strengthening rental demand and supporting long-term investment value.
This duplex presents an excellent opportunity for investors to own a fully occupied, income-producing property in a growing market. Whether you're looking to expand your portfolio or secure a steady, low-maintenance investment, 118 Adams Street delivers both stability and upside potential.
Seller related to Listing Agent.
Location
State NY
County Rensselaer
Direction I-787 North to NY-7 toward Troy, over the bridge, continue straight into downtown, turn right onto Adams Street, 118 on the right. US-4 North or local roads toward downtown Troy, turn left onto Adams Street 118 will be on the left.
Interior
Heating Forced Air
Flooring Wood, Laminate
Fireplaces Number 1
Fireplace Yes
Exterior
Exterior Feature None
Parking Features None
Utilities Available Cable Available
Building
Lot Description Road Frontage
Sewer Public Sewer
Water Public
Architectural Style Other
Schools
School District Troy
Others
Tax ID 381700 101.77-3-14
