$300,000
Albany, NY 12203
MLS# 202322251
Status: Closed
5 beds
1 / 37
Property Description
Fantastic investment opportunity w/ incredible income potential. Building comprises 5 well-maintained units each occupied by reliable long-term tenants. Excellent opportunity for both seasoned investors & newcomers looking to capitalize on the thriving rental market in a prime location. Separate gas/electric meters. Electric meters inspected 2023 . Access to tenant parking from Hudson. Current owner since 1978. Mold assessment and remediation in 2023. Coin laundry and utilities in basement. Buyer(s) are encouraged to conduct their own due diligence, must qualify for commercial loan & provide prequalification/proof of funds with offer.
Details
Maps
Contract Information
Status: Closed
Property Sub Type: Multi Family
Original List Price: 355000
Sold Price: $300,000
Current Price: $300,000
Listing Contract Date: 2023-08-07
List Price/SqFt: 118.06
Location
Street Number: 21
Street Direction Prefix: N
Street Name: Main
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12203
City/Town (Mail): Albany
Geo Lat: 42.665661
Geo Lon: -73.788134
Property Detail
Number Of Units Total: 5
Rooms Total: 15
Bedrooms Total: 5
Bathrooms Full: 5
Year Built: 1948
Above Grade Finished Area: 2956
Above Grade Finished Area Source: CRS
Living Area: 2956
Lot Size Acres: 0.16
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Parking Y/N: Yes
Status Change Info
Status Change Date: 2024-01-19
Under Contract Date: 2023-10-08
Sold Date: 2024-01-19
Sold Price: $300,000
Sold Price/SqFt: 101.49
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 2nd
Full Bath 5: 3rd
Parking Features
Parking Total: 5
Separate Utilities
Number Of Separate Electric Meters: 6
Number Of Separate Gas Meters: 6
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st flr
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 790
Rent Desc. MF Unit 1: Estimated
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 3
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: Yes
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 755
Rent Desc. MF Unit 2: Estimated
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 3
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
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 790
Rent Desc. MF Unit 3: Estimated
Lease Term MF Unit 3: Month To Month
Total Rooms MF Unit 3: 3
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2nd flr
Occupant Type MF Unit 4: Tenant
Monthly Rent MF Unit 4: 750
Rent Desc. MF Unit 4: Estimated
Lease Term MF Unit 4: Month To Month
Total Rooms MF Unit 4: 3
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 3rd flr
Occupant Type MF Unit 5: Vacant
Monthly Rent MF Unit 5: 720
Rent Desc. MF Unit 5: Estimated
Lease Term MF Unit 5: Month To Month
Total Rooms MF Unit 5: 3
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Property Features
Attic Features: Hatch; Part
Basement: Exterior Entry; Full
Construction Materials: Shingle Siding; Vinyl Siding
Cooling: Window Unit(s)
Electric: 200+ Amp Service
Exterior Features: None
Fencing: Partial
Flooring: Hardwood; Tile; Vinyl
Foundation Details: Combination
Heating: Natural Gas; Radiant
Interior Features: High Speed Internet
Levels: Three Or More
Lot Features: Level; Private
Parking Features: Driveway; Off Street; Right of Way Driveway
Patio And Porch Features: Porch; Side Porch
Possession: At Closing
Roof: Rubber; Shingle
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: Agent to Accompany; Showing Service
Special Listing Conditions: Standard
Tenant Pays: Electricity; Gas
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Heat; Hot Water; Parking; Snow Removal; Trash
Unit 2 Owner Furnish Features: Heat; Hot Water; Parking; Snow Removal; Trash
Unit 2 Includes: Bathroom; Kitchen; Living Room; Stove
Unit 3 Owner Furnish Features: Heat; Hot Water; Parking; Snow Removal; Trash
Unit 3 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Owner Furnish Features: Heat; Hot Water; Parking; Snow Removal; Trash
Unit 4 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 5 Owner Furnish Features: Heat; Hot Water; Parking; Snow Removal; Trash
Unit 5 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Listing Courtesy of Gabler Realty LLC
Listing Agent: Maggie G Fromm
518-596-6044 | housesbymaggie@gmail.com
518-596-6044 | housesbymaggie@gmail.com
