20 Elm StHoosick Falls, NY, 12090

20 Elm Street is a 3-unit residential income property situated on a prominent corner lot in Hoosick Falls, New York. Originally constructed circa 1820, this 2,800 SF triplex presents an exceptional value-add opportunity for the seasoned investor or emerging real estate entrepreneur seeking above-market returns in an affordable upstate New York market. The property is currently vacant and priced to sell, requiring complete renovation. Upon stabilization, the asset projects compelling pro forma cash flows with an estimated cap rate exceeding 26.6% at the current asking price. The subject property consists of two one-bedroom units on the first floor and one two-bedroom unit on the second floor, totaling 12 rooms. The building benefits from municipal water and sewer service, off-street parking for up to five vehicles, and a full basement. The second-floor unit also provides attic access that could be leveraged to expand livable square footage. With its location on a busy main street corridor near downtown Hoosick Falls - within the Greater Capital Region just a short drive from the Vermont border - the property offers solid rental demand fundamentals for small-town New York. • Exceptional Entry Price: Listed at $84,900 - well below replacement cost for a 3-unit brick building • High Pro Forma Cap Rate: Estimated 26.6% cap rate at asking price upon full stabilization • Value-Add Upside: Attic access from Unit 3 presents potential to expand livable SF and increase rent • Low Property Taxes: 2026 assessed taxes of only $3,428/year, bolstering cash flow • Corner Lot Visibility: Prominent intersection of Elm & Church Street with strong pedestrian and vehicle traffic • Municipal Infrastructure: Public water and public sewer - commercial grade service • Ample Parking: 5 off-street spaces including attached garage - a premium in this market • Near Vermont Border: Proximity to Bennington, VT and Route 22 corridor supports diverse tenant pool • Cash/As-Is Sale: Straightforward transaction - no contingencies, quick close possible