Exceptional opportunity to acquire School One Lofts, a fully occupied 29-unit multifamily asset featuring approximately $3.1 million of assumable Fannie Mae financing at 5.23% and a long-term PILOT tax agreement through 2037. Originally converted from a historic school, the property offers spacious loft-style residences with oversized windows, original hardwood flooring, granite countertops, stainless steel appliances and in-unit laundry. Residents enjoy on-site parking and ''All-In Living'' package, which combines fiber internet, cable, electricity, heating, air conditioning and hot water into one monthly payment. Proven rental history, attractive in-place cash flow and operational upside through improved management efficiencies make this a strong investment opportunity.
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Listing Snapshot
Price
$4,250,000
Days On Site
58 Days
Bedrooms
N/A
Inside Area (SqFt)
25,519 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.62 Acres
Year Built
1920
MLS® Number
202621635
Status
Active
Property Tax
$16,762
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
2 months ago
Listing first seen on site
2 months ago
Listing updated with changes from the MLS®
General Features
Acres
0.62
Parking
Off StreetPaved
Parking Spaces
30
Property Sub Type
Multi Family
Security
Security System Owned
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Above
25519
SqFt Below
10665
Style
Apartment 4 Plus Unit
Utilities
Cable AvailableSewer Connected
Water Source
Public
Interior Features
Basement
FinishedFull
Cooling
Wall Unit(s)Other
Heating
BaseboardElectricHeat PumpOther
Interior
OtherHigh Speed InternetBuilt-in Features
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Exterior Features
Construction Details
BlockBrick
Lot Features
Level
Roof
OtherFlat
View
City
Waterview
City
Community Features
School District
Troy
Schools
School District
Troy
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Ryan Mortka of Realty One Group Key
Listing information is provided by Participants of the Global MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2026, Global MLS.
Last checked: 2026-09-09 09:13 PM UTC
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