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Archived almost 5 years ago

$210,000

3.0 rooms 4+ ba 3000 sqft

2153-2155 Van Vranken Ave, Schenectady, NY 12308

Commercial Commercial Occupied

Current Rent **

$2,450

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Corner Lot Mixed Use Commercial Building - Apartments Over Retail Space

Attention Investors - Corner lot featuring large brick building with retail storefront for sale. Includes two apartments (1bd/1ba & 2bd/1ba), 2 car garage, and large additional adjacent parcel on Verona Ave. Retail space is currently used as a store, but was once used as a restaurant, or could make a great location for a UPS store or other office. Large basement with high ceilings; loading dock opens on side of building. Good cash flow and opportunity for higher rents. Separate utilities. Build on vacant lot or use as parking - check with city for permitted uses.

Great way for an entrepreneur to start a business and have the apartments cover your mortgage!

Location:

2153-2155 Van Vranken Ave, Schenectady, NY 12308

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.