5 W Main St

A piece of the City without living in the City! Completely renovated 5 story professional building with over 29000 sq ft with 15 rentals,CONSISTING OF 13 apartments including a luxury duplex penthouse suite AND 2 commercial rentals, All units have been fully rented for the past 15 years to present.A new Otis elevator services Bldg
the apartment are a mix of loft, studio, and 1-3 bedroom units. The CAP rate is well over 8% and with future expansion the cap rate can be well over 13% The owner bought a shell of a building in 2004 and designed the apartments and spaces with the potential for further development .
All expenses and rent will be disclosed upon request.
Please see the 360 links below
the building was originally built as an opera house then it became the local post office, and then taken over by the masons in the early 1900"s. In more recent times the building was owned by a local attorney until the current owner developed it into apartments and commercial space
Thiis is a turn key operation and is in mint condition. All newer mechanicals : heating, electrical Coin operated laundry on each floor, new roof & more
Dramatic views of the Mohawk Valley!!