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Browse All Troy NY Between $200K - $300K Properties for Sale

$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

$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

$219,900
3 Beds 1 Baths 202622887 MLS
Welcome home to this well-maintained 3-bedroom, 1-bath property offering a wonderful combination of comfort, functionality, and future possibilities. From the inviting open floor plan to the spacious outdoor areas, this home is designed for easy everyday living and entertaining. The heart of the home is the beautifully appointed gourmet kitchen, featuring ample cabinetry, generous counter space, and a layout that's perfect for preparing meals while staying connected with family and guests. The open-concept design flows seamlessly into the main living areas, creating a bright and welcoming atmosphere. The home offers three comfortable bedrooms and a full bathroom, providing a practical layout for a variety of lifestyles. Natural light fills the living spaces, enhancing the warm and inviting feel throughout. Downstairs, the basement presents an exciting opportunity to add even more living space. A separate room with its own private entrance could easily be finished to create a home office, recreation room, guest suite, workout space, or hobby room--allowing you to customize the home to fit your needs. Outside, you'll appreciate the large side yard, offering plenty of room for gardening, outdoor entertaining, pets, or play. A newer oversized storage shed provides excellent space for lawn equipment, tools, seasonal items, or workshop needs. The paved driveway offers convenient off-street parking and easy maintenance. Conveniently located near the bus line with quick access to the interstate, this home makes commuting simple while keeping you close to shopping, dining, schools, and everyday amenities. This home offers exceptional value, versatile living space, and a location that makes daily life easy. Don't miss the opportunity to make this inviting property your own!

7 Spence Street

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©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated

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