Urban housing is back to business, especially in Troy. Investors or owner-occupied can profit from this historic brick building that features 4 total units that already produce positive cash flow. Over $30K in annual income with just under $8K in operating expenses makes this one pencil out. This 1880's beauty has seen recent improvements: Some new windows, appliances and renovated hallways. Please note that this is being sold separately at $150K, or alongside a second residential apartment building nearby that also produces verified positive cash flow. Total cap rate for both is over 14 percent. Price for the pair is $250K, discounted $50K total. Easy to manage both! Call for full details and see how this 2-building discount is a great deal.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
