Four-Unit Multifamily- Watervliet Available

  • $235,000
  • 4 beds
  • 4 baths
  • 4,048 sqft
1286-1288 3rd Ave, Watervliet

 

THIS WON’T LAST!

Great buy & hold opportunity for the right investor right in the strong rental market of Watervliet.

Solid 4-unit, partly occupied, in need of some TLC (paint, new appliances, flooring, lighting, bathrooms and kitchens renovated to apartment grade). Great Potential!!

Currently four 2-bedroom/1 bath units, partially occupied. Two vacant units on right side of building (upstairs and downstairs) are ready for rehab and rental.

Please note: This is a cash buyer-only deal, no inspection contingency, no mortgage contingency. Available for walkthroughs by appointment and with proof of funds provided.

Please call Jess to schedule a walkthrough: (518) 633-1168. Proof of funds may be emailed to jessica@realpropsolutionsllc.com.

 

Price:
$235,000
Address:
1286-1288 3rd Avenue
Watervliet, NY 12188
Square Feet:
4,048
Lot Size:
6,000
Bedrooms:
4
Bathrooms:
4
Terms:
Assignment of Contract
Property Type:
Multi-family
Year Built:
1900
Basement:
Full, Unfinished

Additional Features

ARV: $283,250 Average PPSF: $77.12 (x 4,048 soft = $312,181) Repair Estimate: $40K- $60K COMPS (within last year, 1.5 mi) 1315 1st Ave SOLD 8/2020- $225,000 182 1st St SOLD 12/2020- $313,000 237 2nd St SOLD 12/2020- $228,000 335 1st St SOLD 9/2020- $215,000 228 3rd St SOLD 2/2021- $378,000 1410 5th Ave SOLD 1/2021- $225,000 106-110 Ferry St SOLD 12/2020- $325,000 52 1st St SOLD 10/2020- $357,000 PENDING COMP: 2627 3rd Ave PENDING 10/2020- $209,000

Call (518) 633-1168 for more details

Property Location