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16-22 Trinity Place

Albany, NY 12202
  • $995,000
  • STATUS: Active
  • MLS #: 202217234
UPDATED: 49 min ago
$995,000
  • 29
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,750
    SQFT
  • $85
    $/SQFT
Type:
Multi-Family
Built:
1880
County:
Area:

School Information

High School:
School District:

Description

Incredible opportunity to own 15 units with potential to value add a 16th unit in one of the buildings close to downtown and the Capital for just under 1M! Nine units are 2B/1BA and the remaining six are 1BD/1BA. Priced at a 8.77% cap with potential to increase rents to fair market value and reach a 10.51% cap and 18.76% cash on cash return. Walking distance to bus stop, street parking is never an issue, and the property includes ample parking in the back. All ROPs up to date.

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© 2022 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2022-05-19T20:12:33.593.
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16-22 Trinity Place Albany, NY 12202

  • Price: $995,000
  • Status: Active
  • On Site: Days
  • Updated: 49 min ago
  • MLS #: 202217234
29
Beds
0
Baths
0
½ Baths
0.2
Acres
11,750
SQFT
$85
$/SQFT
1880
Built
County:
Albany
Area:
Albany
High School:
Albany
School District:
Albany
Property Description
Incredible opportunity to own 15 units with potential to value add a 16th unit in one of the buildings close to downtown and the Capital for just under 1M! Nine units are 2B/1BA and the remaining six are 1BD/1BA. Priced at a 8.77% cap with potential to increase rents to fair market value and reach a 10.51% cap and 18.76% cash on cash return. Walking distance to bus stop, street parking is never an issue, and the property includes ample parking in the back. All ROPs up to date.
Exterior Features

Architectural Style Apartment 4 Plus Unit Construction Materials Brick Exterior Features None Foundation Details Brick/Mortar Parking Features Off StreetPaved Parking Total 10.00 Patio And Porch Features Deck Roof Flat Waterfront YN No

Interior Features

Attic Features None Basement Finished Flooring Vinyl Heating BaseboardElectric Multi Family Unit1 Total Bedrooms 2 Multi Family Unit1 Total Full Baths 1 Multi Family Unit1 Total Half Baths 0 Multi Family Unit1 Total Rooms 4 Multi Family Unit2 Total Bedrooms 2 Multi Family Unit2 Total Full Baths 1 Multi Family Unit2 Total Half Baths 0 Multi Family Unit2 Total Rooms 5 Multi Family Unit3 Total Bedrooms 4 Multi Family Unit3 Total Full Baths 1 Multi Family Unit3 Total Half Baths 0 Multi Family Unit3 Total Rooms 5 Multi Family Unit4 Total Bedrooms 1 Multi Family Unit4 Total Full Baths 1 Multi Family Unit4 Total Half Baths 0 Multi Family Unit4 Total Rooms 4 Multi Family Unit5 Total Bedrooms 2 Multi Family Unit5 Total Full Baths 1 Multi Family Unit5 Total Half Baths 0 Multi Family Unit5 Total Rooms 5 Unit1 Includes BathroomKitchenLiving RoomRefrigeratorStove Unit1 Owner Furnish Features ManagementSewerTrashWater Unit2 Includes BathroomKitchenLiving RoomRefrigeratorStove Unit2 Owner Furnish Features ManagementSewerTrashWater Unit3 Includes BathroomKitchenLiving RoomRefrigeratorStove Unit3 Owner Furnish Features ManagementSewerTrashWater Unit4 Includes BathroomKitchenLiving RoomRefrigeratorStove Unit4 Owner Furnish Features ManagementSewerTrashWater Unit5 Includes BathroomKitchenLiving RoomRefrigeratorStove Unit5 Owner Furnish Features ManagementSewerTrashWater

Property Features

Association YN No City Town Taxing Entity Albany Enhanced Accessible YN No Possession At Closing Property Sub Type Multi Family Separate Utilities ElectricHeatWater Heater Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 24436.00 Water Source Public Zoning Multi Residence

Listing information © 2022 Global MLS.
Listing provided courtesy of Samantha M Curry of New Scotland Realty:(518) 964-2066.



© 2022 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2022-05-19T20:12:33.593.
 
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