Description
Rare investment opportunity in a highly desirable location! This is your chance to own one of ONLY 2 legal boarding houses in the city of Schenectady. Features 13 SRO's with very low vacancy (some tenants with 4+ years of residency), one large common kitchen area, and two shared bathrooms. Each room rental includes a bed, dorm-sized refrigerator, and access to free Wi-Fi. Tremendous cash flow- yields over $100,000 in annual rental income! Owner pays all utilities. Selling broker has ownership interest in the property. Selling broker will attend all showings.
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13BEDS
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0.1ACRES
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2BATHS
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11/2 BATHS
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3,978SQFT
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$170$/SQFT
Description
Rare investment opportunity in a highly desirable location! This is your chance to own one of ONLY 2 legal boarding houses in the city of Schenectady. Features 13 SRO's with very low vacancy (some tenants with 4+ years of residency), one large common kitchen area, and two shared bathrooms. Each room rental includes a bed, dorm-sized refrigerator, and access to free Wi-Fi. Tremendous cash flow- yields over $100,000 in annual rental income! Owner pays all utilities. Selling broker has ownership interest in the property. Selling broker will attend all showings.
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