$580,000
Albany, NY 12206
MLS# 202428673
Status: Closed
13 beds
1 / 14
Property Description
Amazing investment opportunity in the City of Albany to own a 12-unit apartment complex. Featuring (9) one-bedroom apts, (2) studio apts and (1) two bedroom apt. Previously rent was approx. $88k/year with vacancies. Projected rent after renovations approx. $140k/year. Solid building with taxes $8k, insurance currently $3,072/year, water, sewer & trash approx. $2,500/year. All units have separate meters & utilities. Sold as-is, cash or hard money only!
Details
Maps
Documents
Contract Information
Original List Price: 599900
List Price/SqFt: 99.45
Status: Closed
Property Sub Type: Multi Family
Sold Price: $580,000
Current Price: $580,000
Listing Contract Date: 2024-11-05
Location
City/Town (Mail): Albany
Street Number: 28-30
Street Name: Robin
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12206
Geo Lat: 42.663359
Geo Lon: -73.767985
Property Detail
Number Of Units Total: 12
Rooms Total: 21
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 6032
Above Grade Finished Area Source: CRS
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: CRS
Living Area: 6032
Lot Size Acres: 0.06
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 13
Bathrooms Full: 12
Year Built: 1836
Status Change Info
Sold Price/SqFt: 96.15
Status Change Date: 2024-12-30
Under Contract Date: 2024-11-10
Sold Date: 2024-12-30
Sold Price: $580,000
Parcel, Tax, HOA
Parcel Number: 010100 65.63-1-13
Tax Annual Amount: 10000
Total Taxes Description: Estimated
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Clinton Ave to Robin St
Public Remarks: Amazing investment opportunity in the City of Albany to own a 12-unit apartment complex. Featuring (9) one-bedroom apts, (2) studio apts and (1) two bedroom apt. Previously rent was approx. $88k/year with vacancies. Projected rent after renovations approx. $140k/year. Solid building with taxes $8k, insurance currently $3,072/year, water, sewer & trash approx. $2,500/year. All units have separate meters & utilities. Sold as-is, cash or hard money only!
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Financial Details
General Taxes: 3362
General Taxes Description: Actual
School Taxes: 8336
School Taxes Description: Actual
Basement
Exterior Entry: 1
Unfinished: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 1st
Full Bath 4: 1st
Full Bath 5: 1st
Full Bath 6: 2nd
Full Bath 7: 2nd
Full Bath 8: 2nd
Full Bath 9: 2nd
Full Bath 10: 2nd
Construction Materials
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Broker
Possession
At Closing: 1
Exterior Features
None: 1
Fireplace Features
Living Room: 1
Flooring
Hardwood: 1
Vinyl: 1
Showing Requirements
Lockbox: 1
No Sign: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Water Source
Public: 1
Heating
Electric: 1
Natural Gas: 1
Space Heater: 1
Income And Expenses
Rental Income: 144000
Rental Income Description: Yearly
Insurance Expense: 3000
Insurance Expense Description: Estimated
Water Sewer Expense: 2500
Water Sewer Expense Desc.: Estimated
Interior Features
Chair Rail: 1
Crown Molding: 1
Separate Utilities
Electric: 1
Gas: 1
Water Heater: 1
Number Of Separate Electric Meters: 12
Number Of Separate Gas Meters: 12
Tenant Pays
Cable TV: 1
Electricity: 1
Gas: 1
Heat: 1
Internet: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: FL 1
Occupant Type MF Unit 1: Vacant
Total Rooms MF Unit 1: 3
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Owner Furnish Features
Hot Water: 1
Sewer: 1
Trash: 1
Unit 1 Includes
Bathroom: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: FL 1
Occupant Type MF Unit 2: Vacant
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: FL 1
Occupant Type MF Unit 3: Vacant
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: FL 1
Occupant Type MF Unit 4: Vacant
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: FL 1
Occupant Type MF Unit 5: Vacant
Total Rooms MF Unit 5: 3
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: FL 2
Occupant Type MF Unit 6: Vacant
Total Rooms MF Unit 6: 3
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Multi-Family Unit 7 Detail
Unit Location MF Unit 7: FL 2
Occupant Type MF Unit 7: Vacant
Total Rooms MF Unit 7: 4
Total Bedrooms MF Unit 7: 2
Total Full Baths MF Unit 7: 1
Multi-Family Unit 8 Detail
Unit Location MF Unit 8: FL 2
Occupant Type MF Unit 8: Vacant
Total Rooms MF Unit 8: 3
Total Bedrooms MF Unit 8: 1
Total Full Baths MF Unit 8: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Exterior Entry; Unfinished
Construction Materials: Brick
Exterior Features: None
Fireplace Features: Living Room
Flooring: Hardwood; Vinyl
Heating: Electric; Natural Gas; Space Heater
Interior Features: Chair Rail; Crown Molding
Possession: At Closing
Separate Utilities: Electric; Gas; Water Heater
Sewer: Public Sewer
Showing Requirements: Lockbox; No Sign
Special Listing Conditions: Standard
Tenant Pays: Cable TV; Electricity; Gas; Heat; Internet
Utilities: Cable Available
Water Source: Public
Unit 1 Includes: Bathroom
Unit 1 Owner Furnish Features: Hot Water; Sewer; Trash
Documents 
Listing Courtesy of The Moffatt Group, Inc
Listing Agent: Marisa Moffatt
518-598-9824 | Marisa@MoffattRealEstate.com
518-598-9824 | Marisa@MoffattRealEstate.com
