2 S Central Ave - Apartments FOR SALE


Mechanicville, NY 12118
$1,100,000 USD
518-307-7824
2 S Central Ave, Mechanicville, NY for Sale
$1,100,000 USD
Apartments - FOR SALE
1/9
null | 8% Cap Rate

2 S Central Ave
Mechanicville, NY 12118


HIGHLIGHTS

  • Prime Location

OVERVIEW

Introducing Flanagan Block, a landmark investment at 2-10 South Central Ave in Mechanicville. This distinguished 11-unit building comes to market at an attractive 8% cap rate with strong rental history and a quality rent roll w/increase potential. The 14,306 SF building features predominantly spacious two-bedroom layouts, has exceptional "bones" providing durability, and low maintenance and also has an efficient set up for utilities. Each unit is separately metered for electric and all appliances and water heaters are electric (electric expense passed through to tenants). Two natural gas boilers provide heat for the building at the landlords expense. Public water and sewer. Financials and interior unit details available upon execution of NDA. This is a rare opportunity in a prime location.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$77 USD /SF

# OF UNITS

11

PRICE/UNIT

$100,000

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flanagan Block

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

02

APN/PARCEL ID

411000 262.61-3-19

ASK ABOUT THIS PROPERTY

Nic KetterRealize BrokersMore Info
518-307-7824

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Nic KetterRealize BrokersMore Info
518-307-7824

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.