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Listed by Joshua Wolin • Coldwell Banker Prime Properties

$ 299,999

Est. payment -/mo

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Active

2003 Hamburg Street Rotterdam, NY 12304

6 Beds

4 Baths

3,024 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,024 sqft

Price per Sqft $99

MLS Listing ID 202626557

Bedrooms 6

Full Baths 3

Half Baths 1

HOA Y/N No

Year Built 1960

Annual Tax Amount $4,988

Lot Size 7,840 Sqft

Acres 0.18

Property Sub-Type Triplex

Source Global MLS

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!

Location

State NY

County Schenectady

Direction North on Hamburg St. Property located at the corner of Hamburg St and Schermerhorn St.

Interior

Interior Features High Speed Internet

Heating Forced Air, Natural Gas

Flooring Vinyl, Wood, Carpet, Ceramic Tile

Equipment Satellite Dish

Exterior

Exterior Feature Other

Parking Features Paved

Roof Type Shingle,Asphalt

Porch Deck, Patio

Building

Lot Description Private, Cleared, Corner Lot

Sewer Septic Tank

Water Public

Architectural Style Other

Schools

School District Mohonasen

Others

Tax ID 422800 59.7-9-12

Special Listing Condition Standard

Virtual Tour https://app.doaudiotours.com/unbranded?id=30950&lang=en-US

Samantha Kettlewood

NYS Licensed Real Estate Salesperson

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

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