REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 695,000
Est. payment | /mo
7,500 SqFt
$ 695,000
Est. payment | /mo
7,500 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $92
MLS Listing ID 11799122
Annual Tax Amount $9,922
Lot Size 3,049 Sqft
Property Description
Fantastic investment opportunity in a prime Castleton location! This well-maintained 8-unit mixed-use property features 3 commercial spaces and 5 residential apartments, offering investors a strong income-producing asset with excellent upside potential. When fully rented, the property generates over $7,000 per month in gross rental income. Currently, only two units are vacant, providing an immediate opportunity for the next owner to increase cash flow. Agent is owner. Conveniently located just 10 minutes from East Greenbush's shopping, restaurants, and everyday amenities, and only 15 minutes from Downtown Albany, this property appeals to both residential and commercial tenants alike. The residential units offer spacious floor plans, hardwood flooring, tiled bathrooms, and beautiful Hudson River views. Separate utilities help keep expenses low, with tenants responsible for their own heat, hot water, electric, and cable. Landlord expenses are limited to water, sewer, and trash collection. Whether you're an experienced investor looking to expand your portfolio or someone seeking a solid income-producing property, this is an opportunity you won't want to miss. Strong rental history, separate utilities, a desirable location, and excellent cash-flow potential make this a smart addition to any investment portfolio.
Location
State NY
County 36083
Rooms
Basement Full
Dining Room 0
Kitchen 0
Building
Sewer Municipal
Water Community
NEARBY SCHOOL & BUSINESS