Portfolio: 338, 340 & 342 Congress St. multi-use property consisting of two buildings and a parking lot with (4) 2-bedroom apartments, and (2) retail spaces: a new bakery and a large owner-occupied business. There are nine paved and striped parking spaces and a grassy lawn area in the back fenced lot. All apartments are leased on a month-to-month basis. The bakery has a 5-year lease. Current annual income, which is well below market value is $54,300. With renovations, approximately $123,600 annual rent could be achieved for a 13% cap. Family-owned floor covering business est. in 1974 is also for sale. Contact agent for details.
Property Type(s):
Commercial
|
Last Updated
|
3/25/2024
|
Year Built
|
1890
|
|
County
|
Rensselaer
|
SCHOOLS
Price History
|
Prior to Mar 25, '24
|
$625,000 |
| Mar 25, '24 - Today |
$590,000 |
Additional Details
| AIR |
Other |
| AIR CONDITIONING |
Yes |
| BASEMENT |
Full, Unfinished, Yes |
| BUYER'S BROKERAGE COMPENSATION |
2.00 |
| CONSTRUCTION |
Block, Brick, Frame |
| HEAT |
Hot Water |
| LOT |
9583 sq ft |
| SEWER |
Public Sewer |
| TAXES |
10578 |
| WATER |
Public |
| ZONING |
Commercial |
Location
This listing courtesy of NAI Platform LLC
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2024.
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