601-603 2nd Avenue, Troy, NY 12182 | MLS #202620680 | HUNT Real Estate
 
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Most investors will walk right past this one. Smart money won't. 4 residential units over two storefronts in Troy's newly designated historic district -- and they need real work, which is exactly where the money is. This isn't turnkey. It's a blank canvas for someone who builds equity instead of paying for it. Already throwing off $3,600/month, with both storefronts untapped. Renovate the units, stabilize the commercial space, and the back-end tells a whole different story. Historic district means character, demand, and upside baked in. The kicker: the seller wants to deal. Cash, owner financing, conventional -- all on the table. Seller-held paper on a value-add like this? Rare. Done buying other people's equity? Let's create yours.

Source: Global MLS, MLS#: 202620680

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  • Property Type
    Residential Income
  • Lot
    0.09 acres

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Millie Blasz Achtyl
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  • Median Age
    38
  • Population Density
    970
  • College Educated
    40%
  • Estimated Median Income
    $55,127
  • Estimated Total Home Owners
    2,933
  • Estimated Total Renters
    3,069
  • Owner / Renter Divide
    49% / 51%
  • Estimated Average Household Size
    2
  • Total Population
    13,886
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.