$220,000
Albany, NY 12202
MLS# 202425767
Status: Closed
1496 sqft
1 / 14
Property Description
Amazing investment opportunity! Mixed use property on a busy Downtown Albany Street. Turnkey laundromat ready for its new owner to take over and start making money from day one. Self automated locking door and security system make for hands off, passive income. Additional two bedroom apartment upstairs currently rents for $800 a month, tenant pays utilities. Could be great owner occupy unit for new owner or used completely as an investment property.
Details
Maps
Contract Information
Original List Price: 250000
List Price/SqFt: 157.09
Sold Price/SqFt: 147.06
List Price/Acres: 5875000
Sold Price/Acres: 5500000
Status: Closed
Property Sub Type: Mixed Use
Sold Price: $220,000
Listing Contract Date: 2024-09-18
Current Price: $220,000
Location
City/Town (Mail): Albany
Street Number: 167
Street Name: Madison
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12202
Geo Lat: 42.646775
Geo Lon: -73.757355
Property Detail
Lot Size Square Feet: 1562
Zoning: Commercial
Lot Size Dimensions: 22.3X71.9
Lot Size Acres: 0.04
Building Area Total: 1496
Year Built: 1840
Parcel, Tax, HOA
New Construction Y/N: No
Parcel Number: 010100 76.49-2-54
Tax Annual Amount: 3300
Tax Section: 76.49
Total Taxes Description: Estimated
Tax Block: 2
Tax Lot: 54
Directions & Remarks
Directions: Madison Ave in between Philip St and Grand St
Public Remarks: Amazing investment opportunity! Mixed use property on a busy Downtown Albany Street. Turnkey laundromat ready for its new owner to take over and start making money from day one. Self automated locking door and security system make for hands off, passive income. Additional two bedroom apartment upstairs currently rents for $800 a month, tenant pays utilities. Could be great owner occupy unit for new owner or used completely as an investment property.
Sewer
Public Sewer: 1
Current Use
Investment: 1
Laundromat: 1
Mixed Use: 1
Architectural Style
Mixed Use: 1
Cooling
None: 1
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Business Type
Laundromat: 1
Showing Requirements
Call Listing Agent: 1
Water Source
Public: 1
Heating
Baseboard: 1
Natural Gas: 1
Parking Features
Parking Total: 0
On Street: 1
Possible Use
Business: 1
Mixed: 1
Investment: 1
Tenant Pays
Electricity: 1
Gas: 1
Status Change Info
Status Change Date: 2025-03-19
Under Contract Date: 2024-11-15
Sold Date: 2025-03-13
Sold Price: $220,000
Property Features
Architectural Style: Mixed Use
Construction Materials: Brick
Cooling: None
Current Use: Investment; Laundromat; Mixed Use
Business Type: Laundromat
Heating: Baseboard; Natural Gas
Parking Features: On Street
Possible Use: Business; Mixed; Investment
Sewer: Public Sewer
Showing Requirements: Call Listing Agent
Tenant Pays: Electricity; Gas
Water Source: Public
Listing Courtesy of Coldwell Banker Commercial Prime Properties
Listing Agent: Ryan Mortka
518-785-9000 |
518-785-9000 |
