Profitable and Well-Maintained Multi-family in a Fabulous location off exit 5!
This Stately, Newtonville 5-unit home sits in a highly-desirable neighborhood. Each apartment has been updated with modern kitchens and baths & several offer amenities like hardwood floors, granite countertops, laundry, & stainless steel appliances. There's ample off street parking, plus 6 oversized garage bays to be rented. Classic front porches/portico areas & 1+ acre lot provide outdoor living/entertaining space for renters! All units have separate heat/electric meters paid by tenants.Solid tenants are month-to-month & property currently provides a 7% CAP rate that could easily be higher with an expected rent increase as they are below market. Condition, location, potential!
187 Old Niskayuna Rd
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