SQUARE FEET25,519
MLS#202600713
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Exceptional opportunity to acquire School One Lofts, a fully occupied 29-unit multifamily asset featuring approximately $3.1 million of assumable Fannie Mae financing at 5.23% and a long-term PILOT tax agreement through 2037. Originally converted from a historic school, the property offers spacious loft-style residences with oversized windows, original hardwood flooring, granite countertops, stainless steel appliances and in-unit laundry. Residents enjoy on-site parking and All-In Living package, which combines fiber internet, cable, electricity, heating, air conditioning and hot water into one monthly payment. Proven rental history, attractive in-place cash flow and operational upside through improved management efficiencies make this a strong investment opportunity.
Property Features
Property Type: Commercial - Business
Cooling: Wall Unit(s)
Heating: Baseboard, Heat Pump, Electric
Home Style: Multi Family
Lot Size: 0.62 Acres
Roof Type: Flat
Stories: 3.0
Taxes: $16,762
Year Built: 1920
Feature Descriptions
Building Ceiling Height: 15
Current Use: Multi-Family
Days on Site: 8
Exterior: Block, Brick
Lot Dimensions: 0
Parking: Private, Parking Lot
Parking Spaces: 30
possible Use: Apartment Plus, Multi-Family
Sewer: Public Sewer
SQFT Building Available: 25519
Tenant Pays: Other, See Remarks
Units: 29
Water: Public
Listed By / Shown By
Listing By
Agency Name: Realty ONE Group Key
Agency Phone: (518) 630-5360
Shown By
Agency Title: Coldwell Banker Commercial Prime Properties, Inc.
Agency Phone: 518-785-9000
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