553 Mumford St, Schenectady, New York, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$230,000

553 Mumford St
Schenectady, New York, United States

6bd 2ba

Listed By: Realtyww Info

Listed On: 09/07/2024

Listing ID: GL11307330 View More Details

Description

Investment Opportunity in Schenectady, NY! This 2021-renovated duplex is perfect for both investors and those looking to owner-occupy. The upstairs unit is currently rented, generating $1, 500 monthly, while the vacant downstairs unit can bring in $1, 800 monthly. Together, the property can generate $3, 300 per month or $39, 600 annually in rental income, offering a solid 11% cap rate. With off-street parking, a large side lot, and a corner lot location, this property provides plenty of space and convenience for tenants. Located less than a mile from I-890 and only 1.5 miles from Rivers Casino, it's ideally situated near key amenities. Whether you're looking to grow your portfolio or live and earn, this opportunity offers excellent cash flow and long-term investment potential. Don't miss out!

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Listed by: John O'neill-knasick