553 Mumford Street

Schenectady, NY 12307

$230,000
Price
6
Beds
2
Baths
2,200 Sq. Ft.
$105 / Sq. Ft.
2,200
Sq. Ft.
$105
per Sq. Ft.

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!
  1. Listed by John O'Neill-Knasick • eXp Realty
  2. Listed by Stephanie Quattropani • eXp Realty

Property Details for 553 Mumford Street

View
City
Architectural Style
Traditional
Waterfront
No
Parking Total
4.00
LISTING UPDATED: 09/11/2024 01:38 PM

Property Details for 553 Mumford Street

StatusActive
MLS #202424890
Days on Market56
Taxes$5,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex
Year Built1920
Lot Size0.22 AC / 9,583 SF
CountySchenectady 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

Summary
Location and General Information
  • Postal City: Schenectady
  • Directions: At the corner of Mumford and Strong Street.
  • City: Schenectady
  • State Or Province: NY
  • Postal Code: 12307
  • County Or Parish: Schenectady
  • Latitude: 42.80
  • Longitude: -73.95
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 421500 49.31-4-21.1
  • Tax Annual Amount: $5,000.00
Parking
  • GarageSpaces: .00
  • Attached Garage: No
  • Parking Features: Off Street, Driveway
School Information
  • School District: Schenectady
  • High School: Schenectady
Property
Property and Assessments
  • Possession: At Closing
  • Documents Available: LNF
  • Property Type: MultiFamily
  • Property Type Label: MultiFamily
Lot Information
  • Lot Features: Level, Road Frontage, Corner Lot
  • Year Built: 1920
  • Above Grade Finished Area: 2200.0
  • Above Grade Finished Area Source: Estimated
  • Lot Size Acres: 0.22
  • Lot Size Area: 0.22
  • Lot Size Units: Acres
  • Lot Size Square Feet: 9583.2
Building Information
  • Living Area: 2200.0
  • Duplex Type : Up And Down: Yes
Utilities
  • Water Source: Public
  • Separate Utilities : Gas: Yes
  • Separate Utilities : Water Heater: Yes
  • Separate Utilities : Water Meter: Yes
  • Separate Utilities : Number Of Separate Electric Meters: 2
  • Separate Utilities : Number Of Separate Gas Meters: 2
Interior and Exterior Features
Exterior Features
  • Security Features: Carbon Monoxide Detector(s)
  • Fencing: Back Yard, Chain Link, Fenced, Perimeter
  • Laundry Features: Laundry Room, Main Level
Interior Features
  • Interior Features: Other
  • Heating: Forced Air, Natural Gas
  • Roof: Shingle
  • Flooring: Laminate
  • Basement: Exterior Entry, Full, Walk-Out Access
  • Construction Materials: Drywall
  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Yes
Room Information
Bathrooms
  • Bathrooms Total Integer: 2
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Notational: 2.00
  • Bedrooms Total: 6
  • Bathrooms Full: 2
  • Bathrooms Half: 0
Multi Family
Multi-Family Information
  • Unit Information : Number Of Air Conditoners: 2
  • Unit Information : Number Of Dryers: 1
  • Unit Information : Number Of Refrigerators: 2
  • Unit Information : Number Of Stoves: 2
  • Unit Information : Number Of Washers: 1
Income & Expenses Information
  • Income And Expenses : Rental Income: $3,300.00
  • Income And Expenses : Rental Income Description: Monthly
  • Income And Expenses : Total Income: $39,600.00
  • Income And Expenses : Total Income Description: Yearly
Unit Information
Unit 1
  • Unit Detail : Total Bedrooms: 3
  • Unit Detail : Bedrooms on 1st Floor: 3
  • Unit Detail : Total Full Baths: 1
  • Unit Detail : Full Baths 1st Floor: 1
  • Unit Detail : Kitchens 1st Floor: 1
  • Unit Detail : Living Rooms 1st Floor: 1
  • Unit Appliances : Range: Yes
  • Unit Appliances : Refrigerator: Yes
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Stove: Yes
Unit 2
  • Rent: $1,500.00
  • Unit Includes : Bathroom: Yes
  • Unit Includes : Kitchen: Yes
  • Unit Includes : Living Room: Yes
  • Unit Includes : Refrigerator: Yes
  • Unit Includes : Storage: Yes
  • Unit Includes : Stove: Yes
  • Unit Detail : Total Bedrooms: 3
  • Unit Detail : Bedrooms on 2nd Floor: 3
  • Unit Detail : Total Full Baths: 1
  • Unit Detail : Full Baths 2nd Floor: 1
  • Unit Detail : Kitchens 2nd Floor: 1
  • Unit Detail : Living Rooms 2nd Floor: 1
  • Unit Appliances : Range: Yes
  • Unit Appliances : Refrigerator: Yes
Unit 3
  • Unit Includes : Storage: Yes

Property History for 553 Mumford Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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553 Mumford Street is a multi-family home for sale in Schenectady, NY 12307. This property was listed for sale on September 5, 2024 by eXp Realty, it's currently listed at $230,000. It has been on the market for a total of 56 days and was last sold on July 5, 2023. This listing's school district is Schenectady City School District. Nearby schools include Van Corlaer School, Mont Pleasant Middle School and Schenectady High School. 553 Mumford Street is a 6-bed, 2-bath, 2,200 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty

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