Exceptional Investment Opportunity at 250 E Main Street, Amsterdam, NY

Located in the heart of Amsterdam, New York, 250 E Main Street presents a rare and compelling investment opportunity for buyers seeking a stable, income-producing property with long-term potential.

Offered at $175,000, this well-maintained two-family home combines strong rental appeal, desirable location, and thoughtful updates—making it an excellent choice for both seasoned investors and those looking to expand their real estate portfolio.

A Well-Designed Two-Family Property

This property features two spacious residential units, each thoughtfully laid out to maximize comfort and functionality. Both units offer three bedrooms and one and a half bathrooms, providing ample living space that appeals to a wide range of tenants, including families, professionals, and long-term renters.

With a total of six bedrooms and four bathrooms across the home, the layout supports consistent rental demand and strong income potential.

Each unit has been designed with livability in mind. The generous bedroom sizes allow for flexible use, whether for sleeping, home offices, or additional storage.

The presence of 1.5 bathrooms per unit is a major advantage, as it enhances convenience for tenants and increases the property’s overall desirability compared to similar multi-family homes with fewer bathroom options.

Strong Rental Income with Tenants in Place

One of the most attractive aspects of this property is that it is being sold with tenants in place.

Active leases mean immediate rental income for the new owner, eliminating the need to search for tenants or prepare the property for occupancy. This turnkey aspect makes the home especially appealing to investors seeking a smooth transition and minimal downtime after purchase.

Additionally, the property features separate utilities, allowing tenants to be responsible for their own utility costs. This setup reduces expenses for the owner and simplifies property management, while also encouraging responsible utility usage by tenants.

Handicap-Accessible First-Floor Unit

A standout feature of 250 E Main Street is the handicap-accessible ramp serving the first-floor unit.

This thoughtful addition broadens the pool of potential tenants by accommodating individuals with mobility needs. Accessibility features are increasingly important in today’s rental market, and this enhancement adds both social value and market competitiveness to the property.

Numerous Updates and Solid Maintenance

The home has been well maintained and updated over time, reflecting pride of ownership and attention to detail.

These updates contribute to the property’s overall condition and reduce the likelihood of immediate repair costs for the new owner. While specific renovations may vary, the general upkeep ensures that the home remains attractive, functional, and compliant with modern living standards.

This level of care not only preserves the value of the property but also helps maintain positive tenant relationships, which is essential for long-term rental success.

Added Value Through Included Services

Another financial advantage of this investment is that water, sewer, and garbage services are included in the property taxes. This reduces operating expenses and provides predictability in budgeting for the owner. In a time when utility and service costs continue to rise, having these essentials covered through taxes is a significant benefit.

This feature further enhances the property’s appeal from an investment standpoint, as it helps protect net income while keeping rent competitive for tenants.

Prime Location in Amsterdam, NY

Location is a key factor in real estate investment, and this property delivers on that front. Situated on East Main Street, the home is ideally located within walking distance to shopping, dining, downtown amenities, and public transportation. This walkable setting is highly desirable for tenants who value convenience and accessibility.

Proximity to downtown Amsterdam means residents can easily access local businesses, restaurants, entertainment, and essential services without relying heavily on a vehicle. The availability of public transportation further expands accessibility, making the property attractive to tenants of varying lifestyles and income levels.

Ideal for Long-Term Investment

With its combination of stable rental income, strong location, and manageable operating costs, 250 E Main Street is well-positioned as a long-term investment. The property’s layout and features support consistent occupancy, while the inclusion of tenants and active leases provide immediate returns.

While no seller financing is available, the competitive asking price and income-generating nature of the property make it a worthwhile consideration for investors using traditional financing or cash purchases.

A Rare Opportunity Not to Be Missed

Multi-family homes with this level of space, accessibility, and location do not come along often—especially at such an accessible price point. Whether you are looking to expand your investment portfolio, secure a reliable income-producing asset, or invest in the growing Amsterdam rental market, 250 E Main Street offers exceptional value and potential.

This property represents more than just a building—it is an opportunity to invest in a well-maintained, thoughtfully designed home that meets the needs of today’s renters while offering strong prospects for the future.

FROM ZILLOW

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