601-603 2nd Avenue
Troy, NY 12182
9
Bedrooms
4
Bathrooms
5,800
Sq Ft
1911
Year Built
About This Property
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.
Property Details
Property Type
Multi-Family
Year Built
1911
HOA
None
Listed Price
$399,000
Owner Financing Terms
Why Owner Financing?
- ✓ No bank qualifying
- ✓ Bad credit OK
- ✓ Fast closing
- ✓ Flexible terms
Free account - No credit card required
Frequently Asked 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. This property in Troy, NY is available with owner financing terms.
Do I need good credit for owner financing?
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
How much is the down payment for this Troy home?
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Troy property.