Listed by Vision Real Estate Services
$7,650,000
Multi Family Apartment Building - Capital District, NY
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 32,214
Units 34
Cap Rate 7.68%
NOI $587,744
Occupancy 100%
Price per SqFt $237
Class A
Year Renovated 2021
Buildings 2
Stories 3
Parking Spaces 50 spaces
Parking per 1,000 SqFt 1.55
Ground Lease No
Multifamily | 34 Units | $225,000/unit
Marketing description
Confidential listing. Property is located in Rensselaer County, NY. Fully rented modern 34 unit apartment building now available. Former school building that was converted to apartments.
-2 studios and remaining units are a mix of 1 and 2 bedroom units.
-Tenants pay gas and electric. All units except 1 are separately metered.
-Landlord currently provides cable and internet for all tenants.
-Landlord pays water, sewer, and trash.
-Commercial style gym on site.
-Pet friendly with a pet park
-Off street parking
-Washer/Dryer in every unit
-Owner self manages property.
-16 year PILOT in place.
Listing Contacts
Listed by Vision Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$587,744.00
$48,978.67/mo
Valuation Metrics
0
DSCR
7.68%
Cap Rate
7.68%
ROI
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