Friday, February 17, 2012

Rehabbed Troy Two Family selling for only 5X the annual rent roll

This home is temporarily off the market.

This home has been completely rehabbed, with new flooring, new forced hot air units(one high-efficiency, one standard efficiency,) separate utilities, new hot water heaters, new electrical wiring, and all plumbing is recently replaced(within the past three months) or fully up to code. Both units have decorative fireplaces and some historical details.

The home is located on 5th Avenue in Troy, right off 103rd Street.

The property has a barn with the walls recently rehabbed, as well as a new roof. This barn is excellent for storage.

There's also a backyard for barbecues, and a front porch for drinking coffee in the morning when the weather warms up.

Currently, the upstairs tenant is paying $725/mo, and the downstairs tenant is paying $675/mo. The tenants pay heat, hot water, electricity, and the utilities are separate. The rent roll is $16,800/year, and the sale price for this home is $84,000.

Both units are large two bedroom apartments, with a total area of approximately 1840 square feet. Here are the pictures- to see the house in person, please email me at the craigslist address that brought you here. Thanks!
(PS- no brokers please, all broker emails will be ignored.)

Want to see an even nicer two family for sale? Click here.

Apartment 2 pics:






Apt 1 pictures:





And here's the front of the house and the barn:


Click below to see another home for sale on 6th Ave in North Troy:
6th Ave Home

Want to see an even less expensive two family? Click here