98 S Main St - Multi-Family FOR SALE


Castleton On Hudson, NY 12033
$695,000 USD
518-348-2060
98 S Main St, Castleton On Hudson, NY for Sale
$695,000 USD
Multi-Family - FOR SALE
1/29
null | Request Cap Rate

98 S Main St
Castleton On Hudson, NY 12033


HIGHLIGHTS

  • 8-Unit Mixed-Use Investment Property
  • Significant Cash Flow & Upside Opportunity
  • Prime Capital Region Location

OVERVIEW

Fantastic investment opportunity in a prime Castleton location! This well-maintained 8-unit mixed-use property features 3 commercial spaces and 5 residential apartments, offering investors a strong income-producing asset with excellent upside potential. When fully rented, the property generates over $7,000 per month in gross rental income. Currently, only two units are vacant, providing an immediate opportunity for the next owner to increase cash flow. Agent is owner. Conveniently located just 10 minutes from East Greenbush's shopping, restaurants, and everyday amenities, and only 15 minutes from Downtown Albany, this property appeals to both residential and commercial tenants alike. The residential units offer spacious floor plans, hardwood flooring, tiled bathrooms, and beautiful Hudson River views. Separate utilities help keep expenses low, with tenants responsible for their own heat, hot water, electric, and cable. Landlord expenses are limited to water, sewer, and trash collection. Whether you're an experienced investor looking to expand your portfolio or someone seeking a solid income-producing property, this is an opportunity you won't want to miss. Strong rental history, separate utilities, a desirable location, and excellent cash-flow potential make this a smart addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/SF

$93 USD /SF

# OF UNITS

5

PRICE/UNIT

$139,000

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

94-98 S Main St

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1860

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

4401-198.19-2-1

ASK ABOUT THIS PROPERTY

Amanda HartMiranda Real Estate Group Inc.More Info
518-348-2060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Amanda HartMiranda Real Estate Group Inc.More Info
518-348-2060

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.