553 Mumford Street
$230,000
6
2
2,200
2,200
$105
Description
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...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!
- Listed by John O'Neill-Knasick • eXp Realty
- Listed by Stephanie Quattropani • eXp Realty
Property Details for 553 Mumford Street
View
City
Architectural StyleTraditional
WaterfrontNo
Parking Total4.00
LISTING UPDATED: 09/11/2024 01:38 PM
Property Details for 553 Mumford Street
Status | Active |
---|---|
MLS # | 202424890 |
Days on Market | 56 |
Taxes | $5,000 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Duplex |
Year Built | 1920 |
Lot Size | 0.22 AC / 9,583 SF |
County | Schenectady County |
Building Information for 553 Mumford Street
Stories-Residences-Year Built1920Building Size-Lot Size0.22 AC / 9,583 SF
Property Information for 553 Mumford Street
Property History for 553 Mumford Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 553 Mumford Street
Taxable ValueLand$13,000Additions$8,800Total$21,800
Home Facts
Baths2Total Finished SqFt2,200 SqFtAbove Grade Finished SqFt2,200 SqFtStories2Lot Size9,718 SqFtStyleDuplexYear Built1900Zoning03 - MULTI-FACountySCHENECTADYAPN421500 49.31-4-21.1
Schools near 553 Mumford Street
This home is within Schenectady City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Private - | PK to 6 |
Rating | School | Distance |
---|---|---|
Van Corlaer School PublicPK to 5 | ||
Mont Pleasant Middle School Public6 to 8 | ||
Schenectady High School Public9 to 12 | ||
St John The Evangelist PrivatePK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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