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277 Congress Street

Troy, NY 12180

Active

$999,000

Listing by:
Capital Elite Realty Team
Capital Elite Realty Group LLC
518-776-8898

Turnkey Student-Housing Investment Near RPI - Fully Renovated & Low Maintenance Rare opportunity to own a beautifully maintained, high-quality student-housing investment in the RPI area. This impressive 11-bedroom, 4-bathroom property offers strong rental income, modern amenities, quality furnishings, and excellent tenant appeal. The residence underwent a full renovation, including new electrical systems, new plumbing systems, new insulation, and new drywall throughout. These major infrastructure upgrades significantly reduce long-term operating costs, resulting in exceptionally low maintenance expenses--a major advantage for investors seeking stable, predictable cash flow. The property includes three HVAC systems, on-demand hot water heaters, high-end furniture, stainless-steel appliances, three quartz kitchen countertops, ceramic-tiled bathrooms, and well-appointed living areas. The enclosed patio/entertainment room provides a comfortable year-round space for recreation and gatherings. Outdoor amenities include an updated back deck and a green backyard for tenant enjoyment. Prospect Park is directly across the street, with a convenience store nearby. Located within walking distance of RPI and Downtown Troy, the property offers easy access to campus, restaurants, shops, entertainment, and public amenities. It has a strong history of full occupancy, reflecting consistent demand for high-quality student housing. Highlights 11 Bedrooms; 4 Bathrooms Fully renovated: new electrical, plumbing, insulation, drywall Extremely low maintenance expenses Three HVAC systems; on-demand hot water heaters High-end furniture; stainless-steel appliances; quartz countertops Enclosed patio/entertainment room Updated back deck; green backyard Prospect Park across the street Walking distance to RPI and Downtown Troy Approx. $92K gross annual rental income Strong history of full occupancy Proof of income or financial qualification requ

$999,000
11.0
Bedrooms
4
Bathrooms
3,650
Sq. Ft.
$ 274
$/Sq. Ft.
0.12
Acres
Year Built:
1910
County:
Rensselaer
School District:
Troy
Acres:
0.12
Listing Agent:
Capital Elite Realty Team
Listing Office:
Capital Elite Realty Group LLC
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Features

Square Feet: 3,650
Town: Troy
Bedrooms: 11
Full Bathrooms: 4
Estimated Taxes: $5,295
Water: Public
Sewer: Public Sewer
Heat: Forced Air, Natural Gas
Garage: 0
Property Style: Traditional
Exterior: Brick
Cooling: Central Air
Parking Spaces: 2
Zoning: Multi Residence

Location



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