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About the Listing o2831A - 35568,24528
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) https://www.realtor.com/realestateandhomes-detail/308-4th-St_Troy_NY_12180_M32661-25150 276 3rd Street (5 Units) https://www.realtor.com/realestateandhomes-detail/276-3rd-St_Troy_NY_12180_M95784-19164
Listing Highlights
Interior Details
- Bedrooms: 14
- Bathrooms: 6 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Baseboard,Electric,Natural Gas
- Fireplaces:
- Floor: Vinyl,Tile,Carpet
- Above Ground Sq Ft: 5121
- Below Ground Sq Ft: 0
- Basement: Exterior Entry,Full,Unfinished,Walk-Out Access
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Landscaped,Cleared
- Garage Capacity: N/A
- Lot Dimensions: 40x85
- Zoning: Multi Residence
- Roof: Rubber
- Others: Garden
- Sewer: Public Sewer
Financial Details
- Tax Amount: $7,000
- Taxes w/Assessments: N/A
- Tax/Property ID: 381700 101.77-9-28.1
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
278280 278-280 4th St Troy, NY 12180
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