3 118Th St Troy, NY 12182

Property Details for 3 118Th St

Year built

1900

Lot size

0.22 lot acres

Property size

6,204 SF

Property type

Commercial real estate

Description

This exceptional seven-unit apartment building, located at 3 118th Street in Troy, New York, presents a compelling investment opportunity. The three-story brick structure, boasting 6,204 square feet on a 0.22-acre lot, offers breathtaking Hudson River views while retaining its historic charm. Built in 1900, the property has undergone significant renovations, with approximately 80% of the building having been rehabilitated. Key improvements include updated plumbing and electrical systems. Each of the seven units is priced at $60,000, contributing to the overall asking price of $420,000, or $67.70 per square foot. While the property is being sold "as-is," it's important to note that a fire sprinkler system is required by the City of Troy. This presents a potential opportunity for further value enhancement. The property's prime location in Rensselaer County, with its convenient access to amenities and transportation, adds to its investment appeal. This is a rare chance to acquire a well-positioned multifamily property with significant upside potential in a desirable New York location. Don't miss this chance to add a strong performer to your portfolio.