$390,000
Albany, NY 12202
MLS# 201811250
Status: Closed
1 / 14
Property Description
Great investment! High cap rate on this solid brick, easy to rent 12 unit building in the heart of Albany. In the heart of Center Square -- steps to Lark Street's restaurants, shops and bus lines. Features 8 one bedrooms & 4 studios. W&D hook ups in basement. Separate electric. Four parking spaces. Well maintained units. Many long-term tenants. Positive cash flow. Call today for more information and income and expense worksheet. Invest in Albany! Very Good Condition
Details
Maps
Contract Information
Original List Price: 440000
List Price/SqFt: 88
Status: Closed
Property Sub Type: Multi Family
Sold Price: $390,000
Current Price: $390,000
Listing Contract Date: 2018-01-23
Location
City/Town (Mail): Albany
Street Number: 1
Street Name: LEONARD
Street Suffix: Place
County: Albany
State/Province: NY
Postal Code: 12202
Subdivision: Delaware Avenue
Geo Lat: 42.64848
Geo Lon: -73.76974
Property Detail
Above Grade Finished Area: 5000
Above Grade Finished Area Source: Public Records
Living Area: 5000
Lot Size Dimensions: 31 x 118
Enhanced Accessible Y/N: No
Survey Y/N: No
Year Built: 1888
Status Change Info
Sold Price/SqFt: 78
Status Change Date: 2018-05-31
Under Contract Date: 2018-01-23
Sold Date: 2018-05-23
Sold Price: $390,000
Parcel, Tax, HOA
Parcel Number: 010100 76.36-1-14-15
FIPS Code: 36001
Tax Annual Amount: 15090
Tax Section: 76.36
Total Taxes Description: Actual
Tax Block: 1
Tax Lot: 14-15
Tax Section See Remarks: Yes
School District: Albany
Association Y/N: No
Directions & Remarks
Directions: Delaware to Leonard.
Public Remarks: Great investment! High cap rate on this solid brick, easy to rent 12 unit building in the heart of Albany. In the heart of Center Square -- steps to Lark Street's restaurants, shops and bus lines. Features 8 one bedrooms & 4 studios. W&D hook ups in basement. Separate electric. Four parking spaces. Well maintained units. Many long-term tenants. Positive cash flow. Call today for more information and income and expense worksheet. Invest in Albany! Very Good Condition
Sewer
Public Sewer: 1
Architectural Style
Other: 1
See Remarks: 1
Financial Details
General Taxes: 5818
General Taxes Description: Actual
School Taxes: 9272
School Taxes Description: Actual
Cooling
None: 1
Basement
Full: 1
Lot Features
Corner Lot: 1
Construction Materials
Brick: 1
Showing Requirements
Other: 1
See Remarks: 1
Special Listing Conditions
SeniorCommunity Y/N: No Special Conditions
Roof
Asphalt: 1
Water Source
Public: 1
Heating
Hot Water: 1
Natural Gas: 1
Income And Expenses
Total Income: 80020
Gas Expense: 2393
Insurance Expense: 2900
Parking Features
Parking Total: 4
Owner Pays
Hot Water: 1
Unit Information
Number Of Refrigerators: 12
Number Of Stoves: 12
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: Front
Monthly Rent MF Unit 1: 595
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 2
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: Front
Monthly Rent MF Unit 2: 450
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 1
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: Front
Monthly Rent MF Unit 3: 675
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: Month To Month
Total Rooms MF Unit 3: 2
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: Front
Monthly Rent MF Unit 4: 550
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: Month To Month
Total Rooms MF Unit 4: 1
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: Front
Monthly Rent MF Unit 5: 575
Rent Desc. MF Unit 5: Actual
Lease Term MF Unit 5: Month To Month
Total Rooms MF Unit 5: 1
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: Front
Monthly Rent MF Unit 6: 550
Rent Desc. MF Unit 6: Actual
Lease Term MF Unit 6: Month To Month
Total Rooms MF Unit 6: 1
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: Back
Monthly Rent MF Unit 7: 685
Rent Desc. MF Unit 7: Actual
Lease Term MF Unit 7: Month To Month
Total Rooms MF Unit 7: 2
Total Bedrooms MF Unit 7: 1
Total Full Baths MF Unit 7: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: Back
Monthly Rent MF Unit 8: 550
Rent Desc. MF Unit 8: Actual
Lease Term MF Unit 8: Month To Month
Total Rooms MF Unit 8: 2
Total Bedrooms MF Unit 8: 1
Total Full Baths MF Unit 8: 1
Property Features
Architectural Style: Other; See Remarks
Basement: Full
Construction Materials: Brick
Cooling: None
Heating: Hot Water; Natural Gas
Lot Features: Corner Lot
Owner Pays: Hot Water
Roof: Asphalt
Sewer: Public Sewer
Showing Requirements: Other; See Remarks
Water Source: Public
Listing Courtesy of KW Platform
Listing Agent: Christopher Broughton
518-724-5996 | cbro@kw.com
518-724-5996 | cbro@kw.com
