NOT LISTED FOR SALE
25 Beds
8 Baths
10,416 Sq Ft
7,841 Sq Ft Lot

Last Sold October 28, 2021

Last sale price $535,000 $51 Per Sq Ft

8 Days on Market

Highlights

  • Active Adult
  • Corner Lot
  • Forced Air Heating System
  • Wood Flooring
  • No HOA
  • Baseboard Heating

About This Home

As of October 2021

In an area undergoing gentrification, this 11 unit building consists of six 3+ bedroom apartments, two 3 bedroom apartments, two 2 bedroom, and one one bedroom apartment spread over 10,000+ square feet. The average rental rate is currently $650/apartment, leaving substantial upside as rents are brought in line with the substantially higher prices in the immediate area. Student housing is also possible, or make cosmetic improvements to really make the building shine. Apartments are separately metered for electric and gas, with modern forced hot air or hot water baseboard throughout and newer mechanicals. Most apartments have laminate or wood floors, with some carpeting as well. Add this cash generator to your portfolio today! (Must call LA for showing. No lock box. Fully Rented.) Good Condition

Last Agent to Sell the Property

Thomas Chenaille

Anchor Realty Services LLC License #10491211865 Listed on: 07/21/2021

Last Buyer's Agent

Jessica Celeone

KW Platform

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,830

Year Built

  • Built in 1929

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot
  • Cleared Lot

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 10,416 Sq Ft Home
  • No Access to Attic

Flooring

  • Wood
  • Carpet
  • Linoleum
  • Laminate
  • Vinyl

Unfinished Basement

  • Partial Basement
  • Apartment Living Space in Basement

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for hot water, heat, internet, cable TV, electricity, gas
  • The owner pays for trash collection, snow removal, grounds care
  • Legal Lot and Block 2 / 5
  • Assessor Parcel Number 381700 90.62-5-2

Community Details

Overview

  • Active Adult
  • No Home Owners Association
  • 11 Units

Building Details

  • Insurance Expense $3,772

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,830

Year Built

Built in 1929

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Electric Expense: 401.0
  • Year Built: 1929
  • Directions: River St North of Hoosick St./ Rt 7, Corner of River and Bond.
  • Above Grade Finished Sq Ft: 10416.0
  • Architectural Style: Apartment 4 Plus Unit
  • Lot Size Acres: 0.18
  • Lot Size: 7680 as per deed
  • Sale Detail Seller Contribution: No
  • Senior Community YN: Listing Has Exclusions
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 11
  • Number of Separate Water Meters: 1
  • Electric Expense Description: Actual
  • Insurance Expense Description: Actual
  • Water Sewer Expense Description: Actual
  • Income: 87300.0
  • Income Description: Actual
  • Number of Refrigerators: 11
  • Unit Information Number Of Stoves: 11
  • Flooring:Carpet: Yes
  • Flooring:Laminate: Yes
  • Flooring:Wood: Yes
  • Flooring:Vinyl: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Wood, Carpet, Laminate, Linoleum
  • Basement: Apartment, Partial, Unfinished
  • Living Area: 10416.0
  • Owner Pays: Trash Collection, Snow Removal, Grounds Care
  • Attic Features:No Attic Access: Yes
  • Basement:Partial: Yes
  • Basement:Unfinished: Yes
  • Basement:Apartment: Yes
  • Unit 1 Owner Furnish Features:Maintenance Grounds2: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Snow Removal4: Yes
  • Unit 1 Owner Furnish Features:Water4: Yes
  • Unit 2 Owner Furnish Features:Maintenance Grounds3: Yes
  • Unit 2 Owner Furnish Features:Sewer4: Yes
  • Unit 2 Owner Furnish Features:Snow Removal5: Yes
  • Unit 2 Owner Furnish Features:Water5: Yes
  • Unit 1 Owner Furnish Features:Trash2: Yes
  • Unit 2 Owner Furnish Features:Trash3: Yes
  • Unit 3 Owner Furnish Features:Sewer5: Yes
  • Unit 3 Owner Furnish Features:Snow Removal6: Yes
  • Unit 3 Owner Furnish Features:Trash4: Yes
  • Unit 3 Owner Furnish Features:Water6: Yes
  • Unit 4 Owner Furnish Features:Sewer6: Yes
  • Unit 4 Owner Furnish Features:Snow Removal7: Yes
  • Unit 4 Owner Furnish Features:Trash5: Yes
  • Unit 4 Owner Furnish Features:Water7: Yes
  • Unit 5 Owner Furnish Features:Sewer7: Yes
  • Unit 5 Owner Furnish Features:Snow Removal8: Yes
  • Unit 5 Owner Furnish Features:Trash6: Yes
  • Unit 5 Owner Furnish Features:Water8: Yes
  • Unit 3 Owner Furnish Features:Maintenance Grounds4: Yes
  • Unit 4 Owner Furnish Features:Maintenance Grounds5: Yes
  • Unit 5 Owner Furnish Features:Maintenance Grounds6: Yes
  • Unit 6 Owner Furnish Features:Maintenance Grounds9: Yes
  • Unit 6 Owner Furnish Features:Sewer10: Yes
  • Unit 6 Owner Furnish Features:Snow Removal11: Yes
  • Unit 6 Owner Furnish Features:Trash9: Yes
  • Unit 6 Owner Furnish Features:Water11: Yes
  • Unit 7 Owner Furnish Features:Maintenance Grounds7: Yes
  • Unit 7 Owner Furnish Features:Snow Removal9: Yes
  • Unit 8 Owner Furnish Features:Maintenance Grounds8: Yes
  • Unit 8 Owner Furnish Features:Snow Removal10: Yes
  • Unit 7 Owner Furnish Features:Sewer8: Yes
  • Unit 7 Owner Furnish Features:Trash7: Yes
  • Unit 7 Owner Furnish Features:Water9: Yes
  • Unit 8 Owner Furnish Features:Sewer9: Yes
  • Unit 8 Owner Furnish Features:Trash8: Yes
  • Unit 8 Owner Furnish Features:Water10: Yes

Exterior Features

  • Roof: Rubber
  • Construction Type: Brick
  • Waterfront: No
  • Lot Features:Corner Lot: Yes
  • Construction Materials:Brick: Yes
  • Lot Features:Cleared: Yes

Garage/Parking

  • Parking Features: None
  • Attached Garage: No
  • Parking Features:None11: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Baseboard, Forced Air, Hot Water, Natural Gas
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes
  • Heating:Forced Air: Yes
  • Heating:Baseboard: Yes
  • Heating:Hot Water: Yes
  • Heating:Natural Gas2: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: Yes

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Schools

  • Junior High Dist: Troy

Lot Info

  • Lot Features: Cleared, Corner Lot
  • Parcel #: 381700 90.62-5-2
  • Lot Size Sq Ft: 7840.8
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Hot Water, Heat, Internet, Cable TV, Electricity, Gas

Multi Family

  • Insurance Expense: 3772.0
  • Number Of Units Total: 11

Tax Info

  • Tax Annual Amount: 18830.0
  • Tax Block: 5
  • Tax Lot: 2
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2021 10/28/21 Sold $535,000 -10.1% $51 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $595,000 -- $57 / Sq Ft
Source: Global MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,677 $250,000 $7,500 $242,500
2023 $11,544 $250,000 $7,500 $242,500
2022 $11,326 $250,000 $7,500 $242,500
2021 $2,847 $250,000 $7,500 $242,500
2020 $8,982 $390,000 $7,500 $382,500
2019 $12,756 $390,000 $7,500 $382,500
2018 $12,756 $390,000 $7,500 $382,500
2017 $12,698 $390,000 $7,500 $382,500
2016 $20,514 $390,000 $7,500 $382,500
2015 -- $390,000 $7,500 $382,500
2014 -- $390,000 $7,500 $382,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202124179

Global MLS
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