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Listed by Moonrani G Gumani • Miranda Real Estate Group Inc

$ 364,000

Est. payment -/mo

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Pending

1595 Union Street Schenectady, NY 12309

5 Beds

4 Baths

1,804 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 1,804 sqft

Price per Sqft $201

MLS Listing ID 202624063

Bedrooms 5

Full Baths 4

HOA Y/N No

Year Built 1984

Annual Tax Amount $7,344

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Quadruplex

Source Global MLS

Property Description

Turnkey opportunity in Schenectady's Upper Union Street corridor. This quadruplex offers four separate one bedroom, one bath units, two on the first floor and two on the second, each with its own kitchen, living space with combined dining area, full bath, refrigerator, and range. Recent updates throughout include fresh paint, new flooring, updated kitchens, and modernized baths, so the work is already done for you. The property offers an estimated 13.9% cap rate, well above the average cap rate typically seen across New York's Capital Region, representing a strong income producing return. Parking is a standout, with a driveway, a 2 car garage, and additional parking behind the building for an estimated 6 to 8 total spaces. Four separate electric meters and four separate water meters keep utilities simple. Additional features include an unfinished basement with laundry, a level 0.12 acre lot with chain link fenced back yard, a storage shed, forced air heat, and asphalt shingle roof. Close to the Upper Union Street shops and restaurants with quick access to I 890, Route 7, and the Thruway. Showings through showing service. Taxes are estimated. All figures are estimates and should be independently verified by buyer.

Location

State NY

County Schenectady

Direction From I 890, take Exit 6 for Brandywine Avenue. Head north on Brandywine Avenue to Union Street. Turn right onto Union Street and continue approximately one mile. 1595 Union Street will be on the right.

Interior

Interior Features Ceramic Tile Bath

Heating Forced Air, Oil

Flooring Vinyl, Tile

Equipment Fuel Tank(s)

Exterior

Exterior Feature None

Parking Features None

Garage Spaces 2.0

Roof Type Shingle,Asphalt

Building

Lot Description Level

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District Schenectady

Others

Tax ID 421500 50.30-1-30

Special Listing Condition Standard

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Samantha Kettlewood

NYS Licensed Real Estate Salesperson

+1(518) 810-9013 | sam@empirerealestatefirm.com

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