Introducing Flanagan Block, a landmark investment at 2-10 South Central Ave in Mechanicville. This distinguished 11-unit building comes to market at an attractive 8% cap rate with strong rental history and a quality rent roll w/increase potential. The 14,306 SF building features predominantly spacious two-bedroom layouts, has exceptional ''bones'' providing durability and low maintenance and also has an efficient set up for utilities. Each unit is separately metered for electric and all appliances and water heaters are electric (electric expense passed through to tenants). Two natural gas boilers provide heat for the building at the landlords expense. Public water and sewer. Financials and interior unit details available upon execution of NDA. This is a rare opportunity in a prime location.
Listing courtesy of listing agent Nicholas Ketter with Realize Brokers Brokerage, 518-678-4444.
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