278-280 4th Street, NY 12180
- $688,000
- 14
- BD
- 6
- BA
- 5,121
- SqFt
- List Price
- $688,000
- MLS#
- 202614113
- Style
- Apartment 4 Plus Unit
- Bedrooms
- 14
- Bathrooms
- 6
- Subdivision
- Little Italy
Property Description
Welcome to 278-280 4th Street, a Six unit multi-family investment opportunity in the heart of Little Italy in Troy. This property features separate utilities for all units, making management simple and expenses easier to allocate. It is almost fully rented, offering immediate income potential and strong cash flow for investors seeking a stabilized asset. The building includes a mix of 2 bed and 3 bed units, many of which have been recently renovated, reducing near term capital needs while enhancing tenant appeal. Tenants also enjoy access to a shared backyard, providing outdoor space that adds to the property's desirability. 278-280 4th St is just half a block from the beloved DeFazio's Pizzeria, a destination that draws consistent activity to the area. Residents also benefit from close proximity to downtown Troy's restaurants, shops, farmers market, and entertainment options, plus convenient access to major roadways for commuting. As an added opportunity, this property is part of a 14-unit investment portfolio, with all buildings located within close walking distance. All units across the portfolio feature separate utilities, allowing for simplified management and cleaner expense allocation. The portfolio is being offered together for $1,534,000, presenting a rare opportunity for investors to acquire multiple assets in one concentrated location, supporting operational efficiency and streamlined management. Additional properties included in this portfolio are listed below. 308 4th Street (3 Units) 276 3rd Street (5 Units)
/u.realgeeks.media/kelliekieleyrealty/header.png)
Additional Information
- Taxes
- $7,000
- Acres
- 0.08
- Lot Dimensions
- 40x85
- Lot Description
- Cleared, Landscaped, Level
- School District
- Troy
- Heating
- Electric, Baseboard
- Cooling
- Window Unit(s)
- Exterior Features
- Garden
- Construction
- Brick
- Roof
- Rubber
- Parking
- None
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Listing courtesy of listing agent Cristhian Astorga with Lincoln House Realty Brokerage, 518-443-9701.
©2019 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated