BEDS0
BATHS0
SQUARE FEET25,519
MLS#202621635
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLTroy
Property Description
Exceptional opportunity to acquire School One Lofts, a fully occupied 29-unit multifamily asset featuring approximately $3.1 million of assumable Fannie Mae financing at 5.23% and a long-term PILOT tax agreement through 2037. Originally converted from a historic school, the property offers spacious loft-style residences with oversized windows, original hardwood flooring, granite countertops, stainless steel appliances and in-unit laundry. Residents enjoy on-site parking and ''All-In Living'' package, which combines fiber internet, cable, electricity, heating, air conditioning and hot water into one monthly payment. Proven rental history, attractive in-place cash flow and operational upside through improved management efficiencies make this a strong investment opportunity.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Full
Cooling: Wall Unit(s), Other
Heating: Baseboard, Electric, Heat Pump, Other
Home Style: Apartment 4 Plus Unit
Lot Size: 0.62 Acres
Roof Type: Other, Flat
Taxes: $16,762
Year Built: 1920
Feature Descriptions
Days on Site: 95
Exterior: Block, Brick
Interior: Other, High Speed Internet, Built-in Features
Lot: Level
Lot Dimensions: 123X180
Parcel #: 381700 90.70-7-1
Parking: Off Street, Paved
Parking Total: 30
Parking Total: 30
Security: yes
Security: Security System Owned
Sewer: Public Sewer
Special View Info: City
SQFT Above Grade Finished: 25519
SQFT Below Grade Finished: 10665
Utilities: Cable Available
Water: Public
Local Schools
School District: Troy
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
$ 11,840.83 per month $9,233.88 Principal & Interest $1,396.83 Property Tax $1,210.13 Homeowner's Insurance
2920 5th Avenue | MLS# 202621635
This multi-family property located at 2920 5th Avenue, Troy, NY 12180 is currently listed for sale with an asking price of $4,149,000. 5th Avenue is located within the Troy school district. Search Troy real estate on www.ckmteamrealty.com today.