About This Home
This 6-bedroom, 4-bathroom multi-family at 2003 Hamburg Street in Schenectady, NY is listed for $299,999 ($99 per sqft). Built in 1960, the home offers 3,024 sqft of living space on a 0.18 acres lot.
Key Features
- Built in 1960
- 0.18 acre lot
- 4 parking spaces
Property Details
Amenities
Excellent investment opportunity in the Mohonasen School District! This triplex offers three income-producing units plus a separate additional building, a and major recent improvements. The spacious first-floor apartment features 4 bedrooms and 1.5 baths and currently rents for $1,800/month.
The second floor consists of two 1-bedroom, 1-bath apartments currently renting for $750 and $850/month, respectively, for a total current gross rental income of $3,400/month. Adding even more versatility is a separate building formerly used as a jewelry shop and currently utilized as a workshop--offering excellent potential for storage, workspace, or other permitted uses.
The property also features a large fenced-in backyard, brand-new septic system, brand-new roof, and public water. With strong existing rental income and the potential for a double-digit cap rate depending on purchase price and operating expenses, 2003 Hamburg Street presents an exciting opportunity for investors looking to add a unique multi-unit property to their portfolio. Convenient Schenectady-area location within the Mohonasen School District. Don't miss this opportunity!
Monthly Cost Estimate
$1,604/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2003 Hamburg Street
Schenectady, NY 12304
Features & Amenities
Interior Features
Property Details
Flooring
Construction
Outdoor Features
Heating
Cooling
Questions & Answers
This 6-bedroom, 4-bathroom multi-family at 2003 Hamburg Street is listed at $299,999 ($99/sqft). The estimated monthly payment is $1,604 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1960, 0.18 acre lot, 4 parking spaces. Interior Features: High Speed Internet.
This property is listed by Joshua Wolin and can be reached at 9149809309.
