198 Pawling Ave, Troy, NY 12180
Historic Ardsley is a boutique apartment community located in the burgeoning city of Troy, NY. The property consists of twenty units and includes 2 micro units, 9 1 bedroom 1 bath and 9 2 bedroom 1 bath apartments, many with outdoor space.
The property was originally constructed in 1900 as a private mansion and has benefited from a number of renovations over the past two decades.
All but one of the units have received kitchen and bath upgrades with a contemporary feel, including stainless steel appliances, granite countertops and wood cabinets, while still retaining a historic charm that appeals to residents.
The property contains a laundry center and a surface parking lot that can accommodate all residents.
The current owner has historically focused on maintaining occupancy with rents well below comparable newer communities.
The Offering presents an excellent opportunity to obtain solid cash on cash returns with attractive current interest rates while still offering additional upside from future upgrades and more focused leasing.
Historic Ardsley is a boutique apartment community located in the burgeoning city of Troy, NY. The property consists of twenty units and includes 2 micro units, 9 1 bedroom 1 bath and 9 2 bedroom 1 bath apartments, many with outdoor space.
The property was originally constructed in 1900 as a private mansion and has benefited from a number of renovations over the past two decades.
All but one of the units have received kitchen and bath upgrades with a contemporary feel, including stainless steel appliances, granite countertops and wood cabinets, while still retaining a historic charm that appeals to residents.
The property contains a laundry center and a surface parking lot that can accommodate all residents.
The current owner has historically focused on maintaining occupancy with rents well below comparable newer communities.
The Offering presents an excellent opportunity to obtain solid cash on cash returns with attractive current interest rates while still offering additional upside from future upgrades and more focused leasing.
