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.
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