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342 Congress Street

Troy, NY 12180
  • $625,000
  • STATUS: Active
  • MLS #: 202314160
UPDATED: 83 min ago
$625,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,496
    SQFT
  • $74
    $/SQFT
Type:
Commercial
Built:
1890
County:
Area:

School Ratings & Info

School District:

Description

Portfolio: 338, 340 & 342 Congress St. multi-use property consisting of two buildings and a parking lot with (4) 2-bedroom apartments, and (2) retail spaces: a new bakery and a large owner-occupied business. There are nine paved and striped parking spaces and a grassy lawn area in the back fenced lot. All apartments are leased on a month-to-month basis. The bakery has a 5-year lease. Current annual income, which is well below market value is $54,300. With renovations, approximately $123,600 annual rent could be achieved for a 13% cap. Family-owned floor covering business est. in 1974 is also for sale. Contact agent for details.

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© 2024 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 2024-03-02T11:14:17.26.
www.clear2closehomes.com/homes/138218992
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342 Congress Street Troy, NY 12180

  • Price: $625,000
  • Status: Active
  • On Site: Days
  • Updated: 83 min ago
  • MLS #: 202314160
0
Beds
0
Baths
0
½ Baths
0.22
Acres
8,496
SQFT
$74
$/SQFT
1890
Built
County:
Rensselaer
Area:
Rensselaer
School District:
Troy
Property Description
Portfolio: 338, 340 & 342 Congress St. multi-use property consisting of two buildings and a parking lot with (4) 2-bedroom apartments, and (2) retail spaces: a new bakery and a large owner-occupied business. There are nine paved and striped parking spaces and a grassy lawn area in the back fenced lot. All apartments are leased on a month-to-month basis. The bakery has a 5-year lease. Current annual income, which is well below market value is $54,300. With renovations, approximately $123,600 annual rent could be achieved for a 13% cap. Family-owned floor covering business est. in 1974 is also for sale. Contact agent for details.
Exterior Features

Construction Materials FrameBlockBrick Parking Total 9 Waterfront YN No

Interior Features

Basement FullPillar/Post/PierUnfinished Cooling Other Cooling YN Yes Heating Hot Water Heating YN Yes

Property Features

Association YN No Current Use Mixed Use Land Lease YN No New Construction YN No Property Sub Type Mixed Use Sewer Public Sewer Special Listing Conditions Standard Tenant Pays HeatInternetTelephoneElectricity Water Source Public Zoning Commercial

Listing information © 2024 Global MLS.
Listing provided courtesy of Deanna Dal Pos of NAI Platform LLC: 518-465-1400.



© 2024 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 2024-03-02T11:14:17.26.
 
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