150 4th Street, Troy, NY - Mixed Use For Sale
Excellent 16-unit, 14 residential one-bedroom apartment building with 2 ground-floor commercial space in the heart of Troy, offering strong in-place cash flow and the potential to achieve an 8.61%+ cap rate. This prime downtown location is walkable to local favorites like The Ruck and Manory's, and sits directly next door to Vicina Urban Flats by Rosenblum Companies, where one-bedroom apartments start at $1,792/month.The property is minutes from both Russell Sage College and Rensselaer Polytechnic Institute and is steps from a major bus line, making it highly attractive to tenants. The fully leased commercial storefronts are occupied by a laundromat and a hair salon, providing additional diversified income.
Property Details
- Sale/Lease: Sale
- MLS#: 202600521
- Major Use: Mixed Use
- Subuse: Apartment Plus
- Available: 9,142 +/-SF
- Price: $2,200,000
The data relating to real estate for sale/lease on this website comes in part from the Internet Data Exchange Program of Commercial and Industrial Real Estate Brokers. Commercial and Industrial Real Estate Brokers deems information reliable but not guaranteed. This listing courtesy of New Scotland Realty, (518) 964-2066. Information should be considered reliable but is not guaranteed.
