BEDS19
BATHS16 full
SQUARE FEET10,809
MLS#202611444
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SCHOOLSchenectady
Property Description
Prime 16-Unit Brick Investment Near Union College. Solid all-brick 16-unit multifamily generating $17,780/month in gross rents with a gross annual scheduled rent roll of $213,360. The property features a full sprinkler system on all four levels in all common areas, plus a new rubber roof installed in 2022, providing major capital-expense peace of mind. Ideally located within walking distance to Union College, downtown Schenectady, and public transportation, with a bus stop directly across the street, this asset sits squarely in the path of the city's ongoing revitalization.Most apartments feature hardwood floors, tiled bathrooms and the building is currently in good overall condition. At the asking price, the projected returns place the cap rate in the high-10% range, making this a compelling income play for both seasoned and first-time multifamily investors. Year built is approximate (CRS reflects 1984; believed inaccurate). Expense figures are estimated. Additional financial details available upon request. Invest in Schenectady's resurgence; this is a cash-flowing opportunity you don't want to miss.
Property Features
Property Type: Multi Unit - Multiple
Basement: Exterior Entry, Full, Heated, Interior Entry, Unfinished, Walk-Out Access
Basement: Yes
Cooling: Window Unit(s)
Heating: Baseboard, Electric, Forced Air, Zoned, Natural Gas
Home Style: Low Rise, Apartment 4 Plus Unit
Lot Size: 0.19 Acres
Roof Type: Rubber
Taxes: $17,514
Year Built: 1984
Feature Descriptions
Days on Site: 209
Exterior: None
Exterior: Brick
Flooring: Vinyl, Tile, Ceramic Tile, Hardwood
Foundation: Concrete Perimeter
Interior: Walk-In Closet(s), Built-in Features, Ceramic Tile Bath
Lot: Level, Landscaped, Road Frontage, Corner Lot
Lot Dimensions: 54X149.5
Parcel #: 421500 39.75-1-23
Parking: None
Parking Total: 18
Parking Total: 18
Security: Fire Sprinkler System, Fire Escape, Security Lights, Smoke Detector(s),24 Hour Security, Building Security, Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire Alarm
Sewer: Public Sewer
SQFT Above Grade Finished: 10809
Structures: None
Utilities: Cable Connected
Water: Public
Local Schools
High School: Schenectady
Elementary School: Howe International Magnet
School District: Schenectady
Listed By / Shown By
Listing By
Agency Name: Carr Real Estate Group LLC
Agency Phone: 1 518-488-2434
Shown By
Agency Title: CKM Team Realty
Agency Phone: 518.395.2568
Estimate Your Payment
Estimated Payment
$ 5,461.90 per month $3,538.65 Principal & Interest $1,459.50 Property Tax $463.75 Homeowner's Insurance
1011 Union Street | MLS# 202611444
This multi-family property located at 1011 Union Street, Schenectady, NY 12308 is currently listed for sale with an asking price of $1,590,000. Union Street is located within the Schenectady school district. Search Schenectady real estate on www.ckmteamrealty.com today.