BEDS19
BATHS11 full
SQUARE FEET11,016
MLS#202627584
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMechanicville
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Unfinished, Other
Heating: Electric, Natural Gas
Home Style: High Rise, Apartment 4 Plus Unit
Lot Size: 0.12 Acres
Roof Type: Flat, Rubber
Taxes: $18,579
Year Built: 1924
Feature Descriptions
Accessibility: Other, Accessible Transportation or Bus
Days on Site: 10
Equipment: Negotiable
Exterior: Other, Block, Brick
Exterior: Other
Fencing: Back Yard
Foundation: Block
Interior: Other
Lot: Level, Cleared
Parcel #: 411000 262.61-3-19
Parking: Other, Off Street
Parking Total: 6
Parking Total: 6
Sewer: Public Sewer
Special View Info: City, Downtown
SQFT Above Grade Finished: 11016
SQFT Below Grade Finished: 4700
Structures: None
Water: Public
Local Schools
School District: Mechanicville
Listed By / Shown By
Listing By
Agency Name: Realty One Group Key
Agency Phone: 1 518-630-5360
Shown By
Agency Title: CKM Team Realty
Agency Phone: 518.395.2568
Estimate Your Payment
Estimated Payment
$ 5,449.96 per month $3,449.63 Principal & Interest $1,548.25 Property Tax $452.08 Homeowner's Insurance
2 - 10 S Central Avenue | MLS# 202627584
This multi-family property located at 2 - 10 S Central Avenue, Mechanicville, NY 12118 is currently listed for sale with an asking price of $1,550,000. - 10 S Central Avenue is located within the Mechanicville school district. Search Mechanicville real estate on www.ckmteamrealty.com today.