2 - 10 S Central Avenue, Mechanicville, NY 12118
- $1,550,000
- 19
- BD
- 11
- BA
- 11,016
- SqFt
- List Price
- $1,550,000
- MLS#
- 202627584
- Style
- Apartment 4 Plus Unit, High Rise
- Bedrooms
- 19
- Bathrooms
- 11
- Subdivision
- Select One
Property Description
Excellent opportunity to acquire the historic Flanagan Block, an 11-unit multifamily investment in the heart of Downtown Mechanicville. Current ownership has completed improvements throughout the property, including facelifts to many units, while placing new tenants and strengthening the rent roll. Currently 10 of 11 units are occupied, with the vacant unit available for showings. The property features predominantly spacious 2-bedroom apartments and generates strong in-place income with additional upside. Units are separately metered for electric, paid by tenants, while landlord provides heat through natural gas boilers. Strong financials and rental history with approximately $138,450 NOI. Rent roll and financials available upon request.
Additional Information
- Taxes
- $18,579
- Acres
- 0.12
- Lot Description
- Cleared, Level
- School District
- Mechanicville
- Interior Features
- Other
- Heating
- Electric
- Exterior Features
- Other
- Construction
- Block, Brick, Other
- Roof
- Rubber, Flat
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Listing courtesy of listing agent Ryan Mortka with Realty One Group Key Brokerage, 518-534-3714.
©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated