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2 - 10 S Central Avenue, Mechanicville
$1,490,000
19 Beds ⋅ 11 Baths ⋅ 202627584 MLS
Excellent opportunity to acquire the historic Flanagan Block, an 11-unit multifamily investment in the heart of Downtown Mechanicville. Current ownership has completed improvements throughout the property, including facelifts to many units, while placing new tenants and strengthening the rent roll. Currently 10 of 11 units are occupied, with the vacant unit available for showings. The property features predominantly spacious 2-bedroom apartments and generates strong in-place income with additional upside. Units are separately metered for electric, paid by tenants, while landlord provides heat through natural gas boilers. Strong financials and rental history with approximately $138,450 NOI. Rent roll and financials available upon request.

2 - 10 S Central Avenue, Mechanicville
96-98 Railroad Street, Mechanicville
$550,000
6 Beds ⋅ 6 Baths ⋅ 202626492 MLS
Prime Multi-Use Investment Opportunity in Mechanicville, NY! Seller Financing Available! Discover the possibilities with this versatile 4-unit multi-use property in a great Mechanicville location, offering a unique combination of residential income and expansive commercial space. The residential portion features 4 units, including two 2-bedroom apartments and two 1-bedroom apartments, providing a desirable mix for tenants and strong rental potential. Adding to the appeal is a large commercial space offering excellent flexibility for a variety of business uses. Whether you're an investor looking to expand your portfolio, an owner-occupant seeking additional income, or an entrepreneur looking for a property with room to operate and grow, this property offers plenty of opportunity. Conveniently located in Mechanicville, NY, with access to local businesses, shopping, dining, transportation, and surrounding Capital Region communities. The combination of multiple residential units and substantial commercial space makes this a property worth exploring. Bring your vision and take advantage of the possibilities this unique multi-use property has to offer!

96-98 Railroad Street, Mechanicville

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