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About This Home
This 3-bedroom, 2-bathroom residential multi family at 703 Union Street in Schenectady, NY is listed for $405,000 ($157 per sqft). Built in 1900, the home offers 2,578 sqft of living space on a 0.09 acres lot.
Welcome to 703 Union Street, a mixed use property offering both a successful restaurant on the first floor and a fully updated apartment above. The ground level is home to Termeh Persian Restaurant, a well known local favorite with over 60 five star reviews and a strong repeat customer base.
The restaurant is fully equipped, with all kitchen appliances, hood system, and ventilation up to code, making this a true turn key opportunity for a new owner. The second floor apartment offers three bedrooms, one full bath, and a large family room with views of Union Street.
It is perfect for an owner occupant or as an additional rental unit for extra income. Both the building and the business are included in the sale, making this a great fit whether you are an investor or someone looking to operate their own restaurant in a proven location.
Additional features include off street parking, handicap accessible entry, and excellent street visibility. This section of Union Street continues to see steady development and growth, and the property is located just minutes from Union College, adding to its long term value and demand. A rare chance to own a true turn key mixed use property with both residential and commercial income.
Key Features
- Built in 1900
- 0.09 acre lot
- 6 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$2,166/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
703 Union Street
Schenectady, NY 12305
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 3-bedroom, 2-bathroom residential multi family at 703 Union Street is listed at $405,000 ($157/sqft). The estimated monthly payment is $1,755 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.09 acre lot, 6 parking spaces.
This property is listed by Pavel Karakalchu and can be reached at 5187286305 or Karakalchup@gmail.com.
