$300,000
Albany, NY 12202
MLS# 201913717
Status: Closed
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Property Description
TURNKEY property - Easy and beautiful rental...ALWAYS rented. Great opportunity for investment or owner-occupied. Solid brick four-unit within walking distance to the Capital, Lark Street and Madison restaurants and conveniences on a quiet, tree-lined street. Great cap rate at 8-9% with potential for growth given area. This property features four - one bedroom apartments with exposed brick, decorative fireplaces, and period moldings. Each unit has recently been updated throughout and there is a NEW ROOF with a 50-year material warranty. Your tenants will enjoy additional living and entertainment space on the back decks and in the newly fenced yard. These units have been very easy to rent...located near restaurants, colleges, and shops. All current ROPS and leases in place. Excellent Condition
Details
Maps
Contract Information
Status: Closed
Property Sub Type: Multi Family
Original List Price: 379900
Sold Price: $300,000
Current Price: $300,000
Listing Contract Date: 2019-03-06
List Price/SqFt: 152.13
Location
Street Number: 12
Street Name: IRVING
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12202
City/Town (Mail): Albany
Geo Lat: 42.64888
Geo Lon: -73.765412
Property Detail
Number Of Units Total: 4
Year Built: 1884
Above Grade Finished Area: 2300
Above Grade Finished Area Source: Public Records
Living Area: 2300
Lot Size Dimensions: .03 acres
Lot Size Acres: 0.03
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Status Change Info
Status Change Date: 2019-08-16
Under Contract Date: 2019-06-21
Sold Date: 2019-08-16
Sold Price: $300,000
Sold Price/SqFt: 130.43
Financial Details
General Taxes: 3185
General Taxes Description: Estimated
School Taxes: 5084
School Taxes Description: Estimated
Special Listing Conditions
SeniorCommunity Y/N: No Special Conditions
Income And Expenses
Total Income: 48960
Total Income Description: Actual
Electric Expense: 1892
Electric Expense Description: See Remarks
Gas Expense: 2000
Gas Expense Description: See Remarks
Insurance Expense: 2298
Insurance Expense Description: Actual
Water Sewer Expense Desc.: See Remarks
Maintenance Expense: 600
Net Operating Income: 29910
Unit Information
Number Of Refrigerators: 4
Number Of Stoves: 4
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: Basement
Unit Available MF Unit 1: 11/1/19
Monthly Rent MF Unit 1: 1095
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Other
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1st Flr
Unit Available MF Unit 2: 6/1/20
Monthly Rent MF Unit 2: 1095
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Other
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2nd Flr
Unit Available MF Unit 3: 3/1/20
Monthly Rent MF Unit 3: 1095
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: Other
Total Rooms MF Unit 3: 5
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 3rd Flr
Unit Available MF Unit 4: 3/1/20
Monthly Rent MF Unit 4: 795
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: Other
Total Rooms MF Unit 4: 2
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Property Features
Architectural Style: Apartment 4 Plus Unit; Quads
Basement: Apartment; Finished; Full
Construction Materials: Brick
Cooling: None
Fencing: Fenced
Flooring: Hardwood; Tile
Heating: Hot Water; Natural Gas
Lot Features: Level
Owner Pays: Grounds Care; Heat; Hot Water; Trash Collection
Patio And Porch Features: Deck
Roof: Rubber
Sewer: Public Sewer
Tenant Pays: Cable TV; Internet
Water Source: Public
Unit 1 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Sewer; Water
Unit 2 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Sewer; Water
Unit 2 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Sewer; Water
Unit 3 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Stove
Unit 4 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Sewer; Water
Unit 4 Includes: Bathroom; Dishwasher; Kitchen; Living Room; Refrigerator; Stove
Listing Courtesy of Gabler Realty LLC
Listing Agent: Judith Gabler
518-727-5653 | Judi@GablerRealty.com
518-727-5653 | Judi@GablerRealty.com
