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    65-67 Watervliet Av

    Albany, NY 12206
    • $949,900
    • STATUS: Active
    • MLS #: 202120054
    UPDATED: 37 min ago
    $949,900
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,424
      SQFT
    • $113
      $/SQFT
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    School District:

    Description

    Turn Key, Very well maintained 11 unit. 9 apartments, all long term tenants, & 2 retail spaces currently occupied by 1 tenant, several years left on the lease & 5% bumps annually.Many improvements made in the 3 years. All apts are m to m. Tenants pay utilities. Stairwells are fully sprinkled. Property has cameras. Rents are low considering condition and amenities. Long term manager willing to stay. Retail space pays $1929 per month. Preliminary approval to convert current retail space to 5 apts increasing income by $30K. Current NOI $83,704 8.8% Cap Rate

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    © 2021 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 2021-06-16T16:12:31.167.
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    65-67 Watervliet Av Albany, NY 12206

    • Price: $949,900
    • Status: Active
    • Updated: 37 min ago
    • MLS #: 202120054
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    8,424
    SQFT
    $113
    $/SQFT
    1930
    Built
    Neighborhood:
    Albany City-N Central (112)
    County:
    Albany
    Area:
    Albany City-N Central (112)
    School District:
    Albany
    Property Description
    Turn Key, Very well maintained 11 unit. 9 apartments, all long term tenants, & 2 retail spaces currently occupied by 1 tenant, several years left on the lease & 5% bumps annually.Many improvements made in the 3 years. All apts are m to m. Tenants pay utilities. Stairwells are fully sprinkled. Property has cameras. Rents are low considering condition and amenities. Long term manager willing to stay. Retail space pays $1929 per month. Preliminary approval to convert current retail space to 5 apts increasing income by $30K. Current NOI $83,704 8.8% Cap Rate
    Exterior Features

    Exterior Type AluminumBrickWood Lot Size 55 X 74.6 Roof Asphalt ShingleRubber Style Apartment 4+ Units

    Interior Features

    Abv Grnd Sq Ft Source Actual Abv Grnd Sq Ft Source1 Crs Air Conditioners 2 Basement FullExterior EntryUnfinished Below Ground Sq Ft 2808 Cooling Type Window A/C Unit Dishwashers 4 Dryers 4 Flooring Ceramic TileConcreteCarpet-Wall/WallHardwoodVinyl Handicap Access See Remarks Heat Fuel Natural Gas Heat System RadiatorBaseboardH/W-Baseboard Refrigerators 10 Stoves 10 Unit Eight Beds 2 Unit Eight Full Baths 1 Unit Eight Rooms 4 Unit Five Beds 0 Unit Five Full Baths 1 Unit Five Rooms 2 Unit Four Beds 2 Unit Four Full Baths 1 Unit Four Rooms 4 Unit One Beds 1 Unit One Full Baths 1 Unit One Partial Baths 0 Unit One Rooms 3 Unit Seven Beds 0 Unit Seven Full Baths 1 Unit Seven Rooms 2 Unit Six Beds 2 Unit Six Full Baths 1 Unit Six Partial Baths 0 Unit Six Rooms 4 Unit Three Beds 0 Unit Three Full Baths 2 Unit Three Partial Baths 0 Unit Three Rooms 5 Unit Two Beds 3 Unit Two Full Baths 1 Unit Two Partial Baths 0 Unit Two Rooms 5 Washers 4

    Property Features

    Assumable Mortgage No City Town Taxing Entity Albany General Taxes 5842 General Taxes Description Actual Insurance Exp Description Actual Other Income Description Actual Rental Income 109488 Rental Income Description A School Taxes 9921 School Taxes Description Actual Sewer Public Sewer Expense Desc Actual Special Market Conditions No Special Conditions Total Income Description Actual Total Taxes 15764 Total Taxes Description Actual Unit Eight Location 67-3A Unit Eight Monthly Rent 900 Unit Eight Occupancy Month-To-Month Unit Eight Owner Furnishes Water & SewerTrash RemovalLawn Care Unit Eight Rent Desc Actual Unit Five Location 65-3B Unit Five Monthly Rent 650 Unit Five Occupancy Month-To-Month Unit Five Owner Furnishes Water & SewerTrash RemovalLawn Care Unit Five Rent Desc Actual Unit Four Location 65-3A Unit Four Monthly Rent 925 Unit Four Occupancy Month-To-Month Unit Four Owner Furnishes Water & SewerTrash RemovalLawn Care Unit Four Rent Desc Actual Unit One Location 65-1A Unit One Monthly Rent 875 Unit One Occupancy Month-To-Month Unit One Owner Furnishes Water & SewerTrash RemovalLawn Care Unit One Rent Desc Actual Unit Owner Furnishes Water &Amp; SewerTrash RemovalLawn Care Unit Seven Location 67-2B Unit Seven Monthly Rent 650 Unit Seven Occupancy Month-To-Month Unit Seven Owner Furnishes Water & SewerTrash RemovalLawn Care Unit Seven Rent Desc Actual Unit Six Location 67-2A Unit Six Monthly Rent 900 Unit Six Occupancy Month-To-Month Unit Six Owner Furnishes Water & SewerTrash RemovalLawn Care Unit Six Rent Desc Actual Unit Three Location 65-67 Unit Three Monthly Rent 1929 Unit Three Occupancy Leased Unit Three Owner Furnishes Water & SewerTrash RemovalLawn Care Unit Three Rent Desc Actual Unit Two Location 65-2A Unit Two Monthly Rent 995 Unit Two Occupancy Month-To-Month Unit Two Owner Furnishes Water & SewerTrash RemovalLawn Care Unit Two Rent Desc Actual Water Public Water Expense Description Actual

    Listing information © 2021 Global MLS.
    Listing provided courtesy of Susan Cerone of Howard Hanna:518-527-9720.



    © 2021 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 2021-06-16T16:12:31.167.
     
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