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.
Property Details
Price:
$590,000
MLS #:
202314160
Status:
Active
Beds:
0
Baths:
0
Address:
342 Congress Street
Type:
Commercial
Subtype:
Mixed Use
City:
Troy
Listed Date:
Apr 1, 2023
State:
NY
Finished Sq Ft:
8,496
ZIP:
12180
Lot Size:
0 acres
Year Built:
1890
Courtesy of NAI Platform LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Global MLS. Detailed information about real estate listings held by brokerage firms other than Canaan Realty include the name of the listing broker. Neither the listing company nor Canaan Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Global MLS. All rights reserved.
342 Congress Street
Troy, NY
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Schools
School District:
Troy
Interior
Cooling
Other
Heating
Hot Water
Exterior
Construction Materials
Frame, Block, Brick
Financial
Buyer Agent Compensation
2.00%
Map
Community
- Address342 Congress Street Troy NY
- CityTroy
- CountyRensselaer
- Zip Code12180
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