Property Description
Excellent investment opportunity in the Mohonasen School District! This triplex offers three income-producing units plus a separate additional building, a and major recent improvements. The spacious first-floor apartment features 4 bedrooms and 1.5 baths and currently rents for $1,800/month. The second floor consists of two 1-bedroom, 1-bath apartments currently renting for $750 and $850/month, respectively, for a total current gross rental income of $3,400/month. Adding even more versatility is a separate building formerly used as a jewelry shop and currently utilized as a workshop--offering excellent potential for storage, workspace, or other permitted uses. The property also features a large fenced-in backyard, brand-new septic system, brand-new roof, and public water. With strong existing rental income and the potential for a double-digit cap rate depending on purchase price and operating expenses, 2003 Hamburg Street presents an exciting opportunity for investors looking to add a unique multi-unit property to their portfolio. Convenient Schenectady-area location within the Mohonasen School District. Don't miss this opportunity!
Property Details 2003 Hamburg Street, Rotterdam, NY 12304
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Estimated Monthly Mortgage Calculator
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