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.
202314160
Mixed Use, Business Opportunities, Other
Rensselaer
1890
0.22
Acres
Public
Block,Brick,Frame
Public Sewer
8,496
Sq. Ft.
Mixed Use
School Information
Troy
Interior Features
- Cooling
- Other
- Heating
- Other. Hot Water.
- Basement
- Full, Unfinished
Exterior / Lot Features
- Parking
- 9 Parking Spaces.
- Exterior
- Brick, Frame, Block
- Zoning
- Commercial
Financial Considerations
381700 101.71-7-12
$10,578
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