22 photos
$399,000
601-603 2nd Avenue
Troy, NY 12182
Saad Tai, Real Broker NY LLC · (518) 348-9535
What the listing says
Most investors will walk right past this one. Smart money won't. 4 residential units over two storefronts in Troy's newly designated historic district -- and they need real work, which is exactly where the money is. This isn't turnkey. It's a blank canvas for someone who builds equity instead of paying for it. Already throwing off $3,600/month, with both storefronts untapped. Renovate the units, stabilize the commercial space, and the back-end tells a whole different story. Historic district means character, demand, and upside baked in. The kicker: the seller wants to deal. Cash, owner financing, conventional -- all on the table. Seller-held paper on a value-add like this? Rare. Done buying other people's equity? Let's create yours.
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Multi-Family
Lot Size
3,920.4 sq ft
HOA
None
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Questions about owner financing in Troy
What is owner financing for 601-603 2nd Avenue?
Owner financing means the seller of 601-603 2nd Avenue acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Troy, NY home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this Troy home?
There is no standard down payment. The seller of this Troy home sets their own, and it is negotiable. Ask the seller or their agent.