60 N Main St
Mechanicville, NY 12118

The subject property is a 53 unit garden style apartment complex totaling 53 units spread out over 4 buildings. The unit mix is comprised of (17) 1 Bedroom Apts, (33) 2 Bedroom Apts and (2) 3 Bedroom Apts including a laundry facility. The property has ample on site parking for all tenants and making the access and traffic flow very convenient. The units are heated with natural gas hot water baseboard heating and new boilers were recently installed. Newer replacement windows have made the units even more energy efficient and allow window A/C units for each apartment. The property maintains a close to 100% occupancy at all times and there is no shortage of prospective tenants looking to rent. With potential rent upside the property enjoys an impressive cashflow and expense percentage hovers around 37%. The property is located in Mechanicville, NY and sits on the banks of the Hudson River affording spectacular views from most apartments, Mechanicville is a growing community comprised of local residents and commuter residents and is minutes from the I-87 corridor allowing direct highway access to Albany to the South and Saratoga to the North.