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2 Central Avenue South

Mechanicville NY 12118

19
11
6
11016 sq. ft.
5227.2 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Excellent opportunity to acquire the historic Flanagan Block, an 11-unit multifamily investment in the heart of Downtown Mechanicville. Current ownership has completed improvements throughout the property, including facelifts to many units, while placing new tenants and strengthening the rent roll. Currently 10 of 11 units are occupied, with the vacant unit available for showings. The property features predominantly spacious 2-bedroom apartments and generates strong in-place income with additional upside. Units are separately metered for electric, paid by tenants, while landlord provides heat through natural gas boilers. Strong financials and rental history with approximately $138,450 NOI. Rent roll and financials available upon request.

Features

19 bedrooms
11 bathrooms
6 carspaces
11016 sq. ft. floor area
5227.2 sq. ft. lot size
Multi-Family

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