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$225,000
6 Beds 2 Baths 202624811 MLS
Investors and owner-occupants, take notice! Located at 1302 5th Avenue in Troy, this two-family property offers two 3-bedroom, 1-bath units and an excellent opportunity for rental income in a convenient Capital Region location. Both units feature a kitchen, living room, full bath, refrigerator, stove and washer/dryer hookups. Separate electric and gas utilities provide an attractive setup for investors, with tenants responsible for cable, electricity and heat. The property also offers forced-air heating, a walk-out basement, public water and sewer, 100-amp electrical service and a level 0.23-acre lot. Expected market rents were discussed at approximately $1,300-$1,600 per month per unit. Current cap-rate projections discussed range from approximately 10.2% at the low-market scenario to 13.4% at the high-market scenario, with an estimated cap rate of 11.8%. Buyers should independently verify rental income, expenses and cap-rate calculations. The property is ideally positioned near downtown Troy and the popular Little Italy neighborhood, offering convenient access to restaurants, shopping, entertainment, employment centers and city amenities. Located within the Troy City School District, residents have access to Troy's public school system. Recreation is nearby, including Frear Park with golf, tennis, fields, playgrounds and seasonal activities, as well as Prospect Park and its outdoor amenities. With two 3-bedroom units, separate utilities and strong rental potential, 1302 5th Avenue offers versatility for investors seeking income-producing real estate or owner-occupants looking to offset housing costs. Light staging can help showcase the vacant rooms, layout and potential of each unit.

1302 5th Avenue

$199,999
4 Beds 2 Baths 202624648 MLS
Completely redone and ready to impress! Welcome to 486 W Park Pl in Troy, where extensive updates and thoughtful improvements have transformed this 4-bedroom home into a property that truly stands out. From the moment you arrive, it's clear that a tremendous amount of work has gone into this home, creating a fresh, updated feel while providing the space and functionality today's buyers are looking for. Step inside to a welcoming interior featuring four spacious bedrooms, offering plenty of room for family, guests, a home office, or flexible living arrangements. The home has been extensively renovated and updated, with improvements throughout designed to provide comfort, style, and peace of mind. The updated living areas offer excellent space for both everyday living and entertaining, while the generous bedroom count provides the flexibility that is so difficult to find. Whether you're searching for a primary residence, an investment opportunity, or a home with room to grow, this property offers tremendous potential. Major work has been completed throughout the property, giving the next owner an opportunity to enjoy the benefits of a substantially improved home without taking on a major renovation project themselves. Located close to downtown Troy, shopping, restaurants, schools, parks, entertainment, and major Capital Region roadways, this home puts everyday conveniences within easy reach while offering a comfortable place to call home. Turnkey feel, extensive renovations, four bedrooms, and a convenient Troy location - 486 W Park Pl is ready for its next chapter. Schedule your showing today!

486 W Park Place

$219,900
4 Beds 2 Baths 202624442 MLS
Why pay the whole mortgage yourself when a tenant can help? Move right into the spacious vacant first-floor unit of this attractive Troy two-family and start collecting rent from the long-term tenant upstairs from day one. Set on a quiet side street with great curb appeal and ample street parking, you're just 3 minutes from I-787 and Route 7 for an easy commute throughout the Capital Region. Step inside and appreciate the character that makes this home special--lofty tin ceilings, warm wood floors, and exposed brick add texture and charm you simply don't find in newer homes. Whip up your favorite meals in the ample eat-in kitchen, offering plenty of cabinetry and counter space plus some newer appliances. Gather in the formal dining room or take the party outside onto the huge back deck beneath a leafy canopy of mature trees that creates a welcome sense of privacy. Relax in front of the cozy pellet stove in the living room. When the day is done, you'll love unwinding in the expanded primary bedroom. Enjoy year-round comfort with forced-air heat and central A/C in the first floor unit. Separate utilities keep costs low. Upstairs, the long-term month-to-month tenant provides immediate rental income. That unit has hot-water radiator heat (no central A/C). The flexible 2nd floor layout also offers future possibilities: use the living room with closet as an oversized primary bedroom and transform the dining room into a comfortable living room. There is also a bonus room accessed off the landing that makes a great micro office. Whether you're ready to stop paying rent and start building equity or simply love the idea of having rental income help offset your housing costs, this owner-occupy opportunity is a smart way to start your home ownership journey. Troy Schools. Separate utilities. Restricted showing schedule Mon, Wed & Fri 3:30 - 7:30pm and Sat 111am - 4pm with 24 hours' notice. Ask about the $20k credit the seller is offering for a full price offer!

327 10th Street

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