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905 Mason Street

Schenectady, NY 12308

Active

$425,000

Listing by:
Christopher Serra
Coldwell Banker Prime Properties
518-630-3796

Exceptional 5-unit investment opportunity on a corner lot in Schenectady, boasting a 10% cap rate. This income-producing property features five units with a strong rent profile at $1,000 per unit per month. The front studio unit and rear two-bedroom unit are currently vacant, offering immediate value-add potential for an owner-occupant or investor to lease at market rates. Additional highlights include a detached 3-car garage providing extra income potential, and fully paid-off solar panels, significantly reducing operating expenses. Conveniently located with easy access to local amenities, this property presents a rare combination of cash flow, upside, and efficiency. The property features a 2 year old roof which was replaced prior to the solar panels being installed.

$425,000
7.0
Bedrooms
5
Bathrooms
3,624
Sq. Ft.
$ 117
$/Sq. Ft.
0.14
Acres
Year Built:
1984
County:
Schenectady
School District:
Schenectady
Acres:
0.14
Listing Agent:
Christopher Serra
Listing Office:
Coldwell Banker Prime Properties
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Features

Square Feet: 3,624
Town: Schenectady
Bedrooms: 7
Full Bathrooms: 5
Estimated Taxes: $6,618
Water: Public
Sewer: Public Sewer
Heat: Baseboard, Electric, Forced Air, Natural Gas, Solar
Garage: 3
Property Style: Apartment 4 Plus Unit
Exterior: Brick, Drywall
Exterior Features: None
Cooling: None
Parking Spaces: 3

Location



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