$269,900
Colonie, NY 12205
MLS# 202218284
Status: Closed
5 beds
1 / 42
Property Description
A RARE diamond just came out of the rough! Come and grab a three unit in highly sought after South Colonie school district. The property has been renovated by it's current owner leaving a blank canvas of opportunity for cash flow and attractive returns. (2) of the three units are ready for occupancy immediately on change of ownership. Your potential gross income is estimated at approximately $35,000 annually. Call today!
Details
Maps
Documents
Contract Information
Original List Price: 269900
List Price/SqFt: 112.69
Status: Closed
Property Sub Type: Multi Family
Sold Price: $269,900
Current Price: $269,900
Listing Contract Date: 2022-05-19
Location
City/Town (Mail): Albany
Street Number: 1
Street Name: Loralee
Street Suffix: Drive
County: Albany
State/Province: NY
Postal Code: 12205
Geo Lat: 42.734458
Geo Lon: -73.84444
Property Detail
Number Of Units Total: 3
Rooms Total: 12
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2395
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 2395
Lot Size Dimensions: 13068 sqft
Lot Size Acres: 0.3
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 5
Bathrooms Full: 3
Year Built: 1911
Status Change Info
Sold Price/SqFt: 112.69
Status Change Date: 2022-09-19
Under Contract Date: 2022-06-07
Sold Date: 2022-08-26
Sold Price: $269,900
Parcel, Tax, HOA
Parcel Number: 012601 29.11-3-76
Tax Annual Amount: 2778.43
Tax Section: 76
Total Taxes Description: Estimated
Tax Block: 3
Tax Lot: 29.11
School District: South Colonie
High School: Colonie Central HS
Association Y/N: No
Directions & Remarks
Directions: Route 5 West (Central Ave) to Vly Rd. Property on corner of Vly and Loralee on right.
Public Remarks: A RARE diamond just came out of the rough! Come and grab a three unit in highly sought after South Colonie school district. The property has been renovated by it's current owner leaving a blank canvas of opportunity for cash flow and attractive returns. (2) of the three units are ready for occupancy immediately on change of ownership. Your potential gross income is estimated at approximately $35,000 annually. Call today!
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Electric
100 Amp Service: 1
150 Amp Service: 1
Circuit Breakers: 1
Fencing
None: 1
Financial Details
General Taxes: 601.03
General Taxes Description: Estimated
School Taxes: 1746.81
School Taxes Description: Estimated
Village Taxes: 430.59
Village Taxes Description: Estimated
Cooling
None: 1
Basement
Partial: 1
Lot Features
Corner Lot: 1
Garden: 1
Level: 1
Construction Materials
Aluminum Siding: 1
Other Structures
Shed(s): 1
Door Features
Atrium Door: 1
Possession
At Closing: 1
Exterior Features
Garden: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Hardwood: 1
Laminate: 1
Showing Requirements
Call Listing Agent: 1
Occupied: 1
Showing Service: 1
Special Listing Conditions
48 Hour Contingency: 1
Standard: 1
Utilities
Cable Available: 1
Roof
Asphalt: 1
Water Source
Public: 1
Heating
Hot Water: 1
Natural Gas: 1
Income And Expenses
Rental Income: 35000
Rental Income Description: Estimated
Gas Expense: 1800
Gas Expense Description: Estimated
Insurance Expense: 1000
Insurance Expense Description: Estimated
Interior Features
Built-in Features: 1
Ceramic Tile Bath: 1
High Speed Internet: 1
Paddle Fan: 1
Parking Features
Parking Total: 8
Driveway: 1
Off Street: 1
Paved: 1
Patio And Porch Features
Patio: 1
Porch: 1
Separate Utilities
Electric: 1
Tenant Pays
Electricity: 1
Unit Information
Number Of Refrigerators: 3
Number Of Stoves: 3
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Occupant Type MF Unit 1: Owner
Monthly Rent MF Unit 1: 1000
Rent Desc. MF Unit 1: Estimated
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Unit 1 Owner Furnish Features
Heat: 1
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 45A
Unit Available MF Unit 2: Vacant
Occupant Type MF Unit 2: Vacant
Monthly Rent MF Unit 2: 950
Rent Desc. MF Unit 2: Estimated
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Heat: 1
Unit 2 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 45B
Unit Available MF Unit 3: Vacant
Occupant Type MF Unit 3: Vacant
Monthly Rent MF Unit 3: 850
Rent Desc. MF Unit 3: Estimated
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 2
Total Full Baths MF Unit 3: 1
Unit 3 Owner Furnish Features
Heat: 1
Unit 3 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Property Features
Architectural Style: Traditional
Basement: Partial
Construction Materials: Aluminum Siding
Cooling: None
Door Features: Atrium Door
Electric: 100 Amp Service; 150 Amp Service; Circuit Breakers
Exterior Features: Garden
Fencing: None
Flooring: Carpet; Ceramic Tile; Hardwood; Laminate
Heating: Hot Water; Natural Gas
Interior Features: Built-in Features; Ceramic Tile Bath; High Speed Internet; Paddle Fan
Lot Features: Corner Lot; Garden; Level
Other Structures: Shed(s)
Parking Features: Driveway; Off Street; Paved
Patio And Porch Features: Patio; Porch
Possession: At Closing
Roof: Asphalt
Separate Utilities: Electric
Sewer: Public Sewer
Showing Requirements: Call Listing Agent; Occupied; Showing Service
Special Listing Conditions: 48 Hour Contingency; Standard
Tenant Pays: Electricity
Utilities: Cable Available
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Heat
Unit 2 Owner Furnish Features: Heat
Unit 2 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Owner Furnish Features: Heat
Unit 3 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Disclosures 
Listing Courtesy of INMO Realty Company, LLC
Listing Agent: Brian S McQueen
518-892-3926 | bmcqueen78@gmail.com
518-892-3926 | bmcqueen78@gmail.com
