553 MUMFORD ST
SCHENECTADY, NY 12307
$230,000
6 Beds
2 Baths
2,200 Sq Ft
Status Active
MLS# 202424890
Investment Opportunity in Schenectady, NY! This 2021-renovated duplex is perfect for both investors and those looking to owner-occupy. The upstairs unit is currently rented, generating $1,500 monthly, while the vacant downstairs unit can bring in $1,800 monthly. Together, the property can generate $3,300 per month or $39,600 annually in rental income, offering a solid 11% cap rate. With off-street parking, a large side lot, and a corner lot location, this property provides plenty of space and convenience for tenants. Located less than a mile from I-890 and only 1.5 miles from Rivers Casino, it's ideally situated near key amenities. Whether you're looking to grow your portfolio or live and earn, this opportunity offers excellent cash flow and long-term investment potential. Don't miss out!
Details for 553 MUMFORD ST
$105 / Sq Ft
Window Unit(s)
Forced Air, Natural Gas
66 Days on website
About the Hamilton Hill and Vale Neighborhood
Hamilton Hill and Vale offers a relaxed environment and will appeal to home buyers who enjoy spending time outdoors. This neighborhood is reasonably quiet overall, as there isn't a lot of street noise or city clamor. Lastly, there are a few green spaces close by for residents to check out, like Pleasant Valley Park, and they are especially well-distributed, making them easy to get to.
- Overview
- Elementary Schools (5)
- Car friendlyGood access to freeways and major arteries, with a large amount of parking nearby.
- GroceriesAt least one grocery store within a 15-minute walk.
- ParksModerate amount of park space nearby.
- Elementary SchoolsAt least one elementary school within a 20-minute walk.
- Pedestrian friendlyFew day-to-day needs are within walking distance.