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Pending

$995,000

Listing by:
Christine M Serafini
Miranda Real Estate Group Inc
518-514-8830

Exceptional investment opportunity in Schenectady's highly desirable Upper Union Street corridor! This stately mansion-style 10-unit apartment building offers strong income potential and positive cash flow and tenants pay their own heat and electric. The property features nine 1-bedroom apartments and one spacious 3-bedroom, 2-bath unit with central air, providing a great mix of rental options with one furnished turn-key unit. This beautiful building showcases classic character throughout, including original moldings, hardwood floors, beamed ceilings, stained glass, and a grand foyer, while offering modern updates that tenants appreciate. Many units feature granite countertops, updated kitchen cabinetry, and ceramic tile baths, and all apartments are filled with natural light and timeless architectural charm. Major improvements include updated mechanicals, separate electric meters, and a newer roof, making this a solid addition to any investment portfolio. The property also offers coin-operated laundry, a private paved parking lot with 10 off-street parking spaces, and a bus stop conveniently located nearby. With long-term tenants already in place, this property provides immediate income with room for continued growth. Offered together with the neighboring 5-unit building at 920 McClellan Street, creating a 15-unit portfolio opportunity with strong cash flow potential. Financials available upon request.

$995,000
12.0
Bedrooms
11
Bathrooms
5,077
Sq. Ft.
$ 196
$/Sq. Ft.
0.24
Acres
Year Built:
1996
School District:
Schenectady
Acres:
0.24
Listing Agent:
Christine M Serafini
Listing Office:
Miranda Real Estate Group Inc
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Features

Square Feet: 5,077
Bedrooms: 12
Full Bathrooms: 11
Estimated Taxes: $11,970
Water: Public
Sewer: Public Sewer
Heat: Baseboard, Electric, Forced Air, Natural Gas
Garage: 0
Property Style: Apartment 4 Plus Unit
Exterior: Wood Siding
Exterior Features: Other
Cooling: Central Air, None, Other
Parking Spaces: 10

Location



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