Classic brick 6 unit in a convenient Troy location. Each apartment offers two bedrooms and one bath, featuring spacious layouts, tall ceilings, and plenty of natural light. The property maintains full occupancy with a consistent rental history, currently generating an 8% cap rate with rents well below market. Based on projected fair market rents, it has the potential to perform at an impressive 15% cap rate — a true cash-flow opportunity for investors. Separate utilities throughout; tenants pay all utilities except water and sewer, which are covered by the owner. Conveniently located near downtown Troy, local schools, and public transportation.
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Features
Square Feet: 5,760
Town: Troy
Bedrooms: 12
Full Bathrooms: 6
Estimated Taxes: $9,179
Water: Public
Sewer: Public Sewer
Heat: Forced Air, Natural Gas
Garage: 0
Property Style: Apartment 4 Plus Unit, Traditional
Exterior: Brick
Exterior Features: None
Cooling: Window Unit(s)
Parking Spaces: 4
Zoning: Multi Residence
Location
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