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Listed by Ryan Mortka • Realty One Group Key

$ 1,550,000

Est. payment -/mo

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Active

2 - 10 S Central Avenue Mechanicville, NY 12118

19 Beds

11 Baths

11,016 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,016 sqft

Price per Sqft $140

MLS Listing ID 202627584

Bedrooms 19

Full Baths 11

HOA Y/N No

Year Built 1924

Annual Tax Amount $18,579

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Multi Family

Source Global MLS

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.

Location

State NY

County Saratoga

Zoning Commercial

Direction Route 67 to Route 4/S Central Ave. Property is located in the heart of Downtown Mechanicville.

Interior

Interior Features Other

Heating Electric, Natural Gas

Equipment Negotiable

Exterior

Exterior Feature Other

Parking Features Other, Off Street

Roof Type Flat,Rubber

Building

Lot Description Level, Cleared

Sewer Public Sewer

Water Public

Architectural Style High Rise, Apartment 4 Plus Unit

Schools

School District Mechanicville

Others

Tax ID 411000 262.61-3-19

Special Listing Condition Standard

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Empire Real Estate Firm LLC

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