
| 1502 Union St Schenectady NY 12309 | |
| Price | $ 995,000 |
| Listing ID | 202613212 |
| Property Type | Multifamily |
| Beds | 10 |
| Baths | 9 |
| House Size | 5077 |
Description
Exceptional investment opportunity in Schenectady's highly desirable Upper Union Street corridor! This stately mansion-style 10-unit apartment building offers strong income potential and positive cash flow and tenants pay their own heat and electric. The property features nine 1-bedroom apartments and one spacious 3-bedroom, 2-bath unit with central air, providing a great mix of rental options with one furnished turn-key unit. This beautiful building showcases classic character throughout, including original moldings, hardwood floors, beamed ceilings, stained glass, and a grand foyer, while offering modern updates that tenants appreciate. Many units feature granite countertops, updated kitchen cabinetry, and ceramic tile baths, and all apartments are filled with natural light and timeless architectural charm. Major improvements include updated mechanicals, separate electric meters, and a newer roof, making this a solid addition to any investment portfolio. The property also offers coin-operated laundry, a private paved parking lot with 10 off-street parking spaces, and a bus stop conveniently located nearby. With long-term tenants already in place, this property provides immediate income with room for continued growth. Offered together with the neighboring 5-unit building at 920 McClellan Street, creating a 15-unit portfolio opportunity with strong cash flow potential. Financials available upon request.
Property Features
Close to gym/workout facility
Close to shopping
Near highway/freeway
Near schools
Public transportation access
Central A/C
Ceramic tiles flooring
Eat-in kitchen
Forced air heating
Gas heating
Hardwood flooring
Listed By:
Willie Miranda
Miranda Real Estate Group, Inc.
518-348-2060


