144-146 Vley Rd, Schenectady, NY 12302

Description

144-146 Vley Road presents a unique multifamily investment opportunity in the Village of Scotia, consisting of seven residential apartments across two buildings, separate third-floor space currently configured as an open office, and an approximately 3,000-square-foot warehouse/storage building. Multifamily properties of this size are infrequently available within the Scotia market, offering investors a rare opportunity to acquire a larger income-producing asset in an established residential community.

The property features five (5) two-bedroom and two (2) one-bedroom apartments and has maintained strong, long-term occupancy, with leasing handled through a licensed real estate professional and current residents in place under written lease agreements. The owner has continued to reinvest in the apartments over time, including kitchen and bathroom updates, two new apartments within 146 Vley Road, and a new front porch at 144 Vley Road.

A particularly unique feature is the approximately 3,000-square-foot warehouse/storage building, offering substantial utility and potential for additional income.

With seven residential units, a history of strong occupancy, continued reinvestment, separate office space, and substantial warehouse/storage space, the property combines an established multifamily investment with opportunities for continued income and value growth. Its Scotia location and limited availability of comparable multifamily properties within the Village further distinguish this offering.

Please note: 144 Vley Road and 146 Vley Road are separate tax parcels being offered and sold together as one transaction.