565 Summit Avenue, Schenectady, NY 12307 (MLS# 202414564)

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565 Summit Avenue, Schenectady, NY 12307

$449,000
Property Type: MultiFamily Bedrooms: 8 Square Footage: 3,360 Lot Size (sq. ft.): 2,614 Status: Active
Current Price: $449,000 List Date: 4/03/2024 Last Modified: 4/03/2024

Description

5 UNIT APARTMENT BUILDING FOR SALE! Excellent Opportunity to invest or add to your investment portfolio in the thriving City of Schenectady. Potential Annual Gross Rental Income is $72,120. Three out of Five Apartments are rented. The other 2 Apartments will be rented this month. LOW TAXES! Approximately $5,600 per year. New Roof to be installed soon. Close to Downtown, State Street, Shopping, Restaurants, Bus line and more. Don't miss out on this rare opportunity!

More Information MLS# 202414564

Contract Information

Property Sub Type: 5+ Units Status: Active Original List Price: 449000 List Price: $449,000 Current Price: $449,000 Listing Contract Date: 2024-04-02 List Price/SqFt: 133.63

Location

Street Number: 565 Street Name: Summit Street Suffix: Avenue County: Schenectady State/Province: NY Postal Code: 12307 City/Town (Mail): Schenectady Geo Lat: 42.805044 Geo Lon: -73.945847

Commission Detail

Broker Agent Compensation: 1.75 Broker Agent Compensation Type: %

Property Detail

Number Of Units Total: 5 Rooms Total: 21 Bedrooms Total: 8 Bathrooms Full: 5 Year Built: 1972 Above Grade Finished Area: 3360 Living Area: 3360 Lot Size Acres: 0.06 Waterfront Y/N: No Enhanced Accessible Y/N: No Parking Y/N: Yes

Parcel, Tax, HOA

Parcel Number: 421500 49.31-3-38 Tax Annual Amount: 5600 Total Taxes Description: Estimated School District: Schenectady High School: Schenectady Association Y/N: No

Directions & Remarks

Directions: GPS Public Remarks: 5 UNIT APARTMENT BUILDING FOR SALE! Excellent Opportunity to invest or add to your investment portfolio in the thriving City of Schenectady. Potential Annual Gross Rental Income is $72,120. Three out of Five Apartments are rented. The other 2 Apartments will be rented this month. LOW TAXES! Approximately $5,600 per year. New Roof to be installed soon. Close to Downtown, State Street, Shopping, Restaurants, Bus line and more. Don't miss out on this rare opportunity!

Status Change Info

Status Change Date: 2024-04-03

Bath Levels

Full Bath 1: 1st Full Bath 2: 1st Full Bath 3: 2nd Full Bath 4: 2nd Full Bath 5: 3rd

Parking Features

Parking Total: 8

Multi-Family Unit 1 Detail

Unit Location MF Unit 1: 1 Occupant Type MF Unit 1: Tenant Monthly Rent MF Unit 1: 1200 Rent Desc. MF Unit 1: Actual Lease Term MF Unit 1: Month To Month Total Rooms MF Unit 1: 5 Total Bedrooms MF Unit 1: 2 Total Full Baths MF Unit 1: 1

Multi-Family Unit 2 Detail

Unit Location MF Unit 2: 1 Occupant Type MF Unit 2: Tenant Monthly Rent MF Unit 2: 1155 Rent Desc. MF Unit 2: Actual Lease Term MF Unit 2: Month To Month Total Rooms MF Unit 2: 4 Total Bedrooms MF Unit 2: 2 Total Full Baths MF Unit 2: 1

Multi-Family Unit 3 Detail

Unit Location MF Unit 3: 2 Occupant Type MF Unit 3: Vacant Monthly Rent MF Unit 3: 1355 Rent Desc. MF Unit 3: Estimated Total Rooms MF Unit 3: 5 Total Bedrooms MF Unit 3: 2 Total Full Baths MF Unit 3: 1

Multi-Family Unit 4 Detail

Unit Location MF Unit 4: 2 Occupant Type MF Unit 4: Tenant Monthly Rent MF Unit 4: 1000 Rent Desc. MF Unit 4: Actual Lease Term MF Unit 4: Month To Month Total Rooms MF Unit 4: 3 Total Bedrooms MF Unit 4: 1 Total Full Baths MF Unit 4: 1

Multi-Family Unit 5 Detail

Unit Location MF Unit 5: 3 Occupant Type MF Unit 5: Vacant Monthly Rent MF Unit 5: 1300 Rent Desc. MF Unit 5: Estimated Total Rooms MF Unit 5: 4 Total Bedrooms MF Unit 5: 1 Total Full Baths MF Unit 5: 1

Property Features

Architectural Style: Apartment 4 Plus Unit Basement: Full Construction Materials: Stucco; Vinyl Siding Exterior Features: Garden Flooring: Hardwood Heating: Hot Water; Natural Gas Lot Features: Level Parking Features: Driveway; Off Street Patio And Porch Features: Front Porch; Rear Porch; Side Porch Possession: At Closing; Subject To Tenant Rights Roof: Slate Separate Utilities: Electric Sewer: Public Sewer Showing Requirements: Showing Service Special Listing Conditions: Standard Tenant Pays: Electricity Unit 1 Owner Furnish Features: Heat; Hot Water; Trash Unit 2 Owner Furnish Features: Electricity; Heat; Hot Water; Trash Unit 3 Owner Furnish Features: Heat; Hot Water; Trash Unit 4 Owner Furnish Features: Heat; Hot Water; Trash Unit 5 Owner Furnish Features: Heat; Hot Water; Trash Water Source: Public

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Information deemed reliable but not guaranteed.