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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.
Location
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
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