Property Attributes
- MLS#202314160
- TypeCommercial
- CountyRENSSELAER
- CityTroy
- AreaTroy
- Zip12180
- StyleMixed Use
- Year Built1890
- Taxes$ 10578
- Price$ 590,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8496
- Lot Size9,583 SqFt
Data Source:
Global MLS (GCAR)
Property Description
Portfolio: 338, 340 & 342 Congress St. multi-use property consisting of two buildings and a parking lot with (4) 2-bedroom apartments, and (2) retail spaces: a new bakery and a large owner-occupied business. There are nine paved and striped parking spaces and a grassy lawn area in the back fenced lot. All apartments are leased on a month-to-month basis. The bakery has a 5-year lease. Current annual income, which is well below market value is $54,300. With renovations, approximately $123,600 annual rent could be achieved for a 13% cap. Family-owned floor covering business est. in 1974 is also for sale. Contact agent for details.
Price History | |
---|---|
4/1/2023 | Listed $625,000 |
3/25/2024 | 6% - $590,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | Hot Water |
Cooling | Other |
Zoning | Commercial |
Construction Materials | Frame,Block,Brick |
Year Built | 1890 |
Tenant Pays | Heat,Internet,Telephone,Electricity |
Stories | 3 |
Property SubType | Mixed Use |
Current Use | Mixed Use |
County | Rensselaer |
New Construction | No |
Property Type | Commercial Sale |
HOA / Comm Assn | No |
Status | Active |
Directions | Adjacent to Prospect Park and near the RPI Hill. North of the crossroads of 14th and Marshall St. On the right heading south on Congress St. |
ModificationTimestamp | 2024-03-27T16:27:28Z |
City | Troy |
Buyer Agent Compensation | 2.00 |
View Y/N | No |
High School District | Troy |
Lot Size Square Feet | 9583.0 |
Waterfront Y/N | No |
Carport Y/N | No |
Street Name | Congress |
Land Lease Y/N | No |
Tax Annual Amount | 10578.0 |
Home Warranty Y/N | No |
Lease Renewal Y/N | No |
Additional Parcels Y/N | No |
Lease Considered Y/N | No |
Rent Control Y/N | No |
Days on Market | 415 |
Standard Status | Active |
Tax Lot | 12.000 |
MobileHomeRemainsYN | No |
Buyer Agent Compensation Type | % |
PostalCity | Troy |
Interior Features
Basement | Full,Pillar/Post/Pier,Unfinished |
---|---|
Basement (Y/N) | No |
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Street Suffix | Street |
Electric On Property Y/N | No |
Exterior Features
Water Source | Public |
---|---|
Total Parking | 9.0 |
Inclusions | {u'Building & Land': True} |
Lot Size Area | 0.22 |
Number of Buildings | 1 |
Spa | No |
Building Area Total | 8496.0 |
Lot Size Acres | 0.22 |
Lot Size Units | Acres |
Crops Included Y/N | No |
Horse Y/N | No |
Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool