20 Mercer St 12 Unité Immeuble d’appartements 2 613 678 $ CAD (217 807 $ CAD/Unité) 7,68% Taux de capitalisation Waterford, NY 12188

The Oak & Avery Group is pleased to present the "Apartments at 20 Mercer," a 12-unit multifamily deal comprised of 3 separate quadplexes, on one tax lot. The units were constructed in 2009 and the parcel totals 4.95 acres. The apartments are all identical 2-bedroom, 1-bathroom layouts and each building has 2 up and 2 down.
Tenants pay their own utilities including electric and gas, for which they have their own meters and individual gas fueled furnaces. The properties are well maintained and fully occupied with in-place leases. The rents are under-market and given the turnkey condition, zero capex is required to capture the current loss to lease.
The property is located in a quiet residential neighborhood on a dead end street. It is in proximity to Route 4, Route 32, I-787 and I-87, as well as Albany International Airport, multiple colleges including SUNY Albany, Siena University and RPI and numerous big box anchor stores including Sam's Club, Target, Home Depot and Walmart.