Description
8.62% CAP RATE. TOTALLY OCCUPIED 7 UNIT. Rents are $1,300, $1,200, $1,050, $1,050, $1,127, $1,017 & basement is $900. Located in Center square, which IS the heartbeat of Albany, just a short stroll to the home of the LarkFEST on Lark St., the Capitol of NYS, the Empire State Plaza, legislative offices, colleges, shopping centers/grocery stores, restaurants, coffee shops, antique shops, the popular Washington park (with pond & walking trails), fitness arenas and much more. Easy to travel locally or travel out of the area with direct access to public transportation and major highways. Great tenants, enjoy the ease of collecting rent. Easy to take care off with 6 one-bedroom apartments and one studio (max capacity of tenants is low). Owner may offer some owner financing with a good offer & significant deposit. Solid stone structure/ very well maintained. 7 unit. Features include hardwood floors, coin-operated laundry, high efficiency boiler, some long-term tenants and much more. The rubber roof was freshly sealed last year. The Annual income & expenses, rent roll, ROPs, Sprinkler inspection, etc is under documents or available upon request.
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6BEDS
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0.05ACRES
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7BATHS
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01/2 BATHS
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4,940SQFT
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$154$/SQFT
Description
8.62% CAP RATE. TOTALLY OCCUPIED 7 UNIT. Rents are $1,300, $1,200, $1,050, $1,050, $1,127, $1,017 & basement is $900. Located in Center square, which IS the heartbeat of Albany, just a short stroll to the home of the LarkFEST on Lark St., the Capitol of NYS, the Empire State Plaza, legislative offices, colleges, shopping centers/grocery stores, restaurants, coffee shops, antique shops, the popular Washington park (with pond & walking trails), fitness arenas and much more. Easy to travel locally or travel out of the area with direct access to public transportation and major highways. Great tenants, enjoy the ease of collecting rent. Easy to take care off with 6 one-bedroom apartments and one studio (max capacity of tenants is low). Owner may offer some owner financing with a good offer & significant deposit. Solid stone structure/ very well maintained. 7 unit. Features include hardwood floors, coin-operated laundry, high efficiency boiler, some long-term tenants and much more. The rubber roof was freshly sealed last year. The Annual income & expenses, rent roll, ROPs, Sprinkler inspection, etc is under documents or available upon request.
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