31 Riverside Avenue, Rensselaer, NY 12144 (MLS# 202614597)

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Property Description
Multiple Bids. Best and Final 4/19 @ 6pm. This rare Hudson Riverfront 3 family home, owned by the same family since construction, is being offered for sale for the first time! The property features distinctive handcrafted elements throughout, including striking leaded & hammered stained glass, custom woodwork, copper-clad & bronze metals, rare period lighting & artisan detailing that reflect a level of craftsmanship rarely seen in modern construction. According to the seller, some of these features have been salvaged from historic structures. Recent research may point to the early 1900's high quality, Tudor/Arts and Crafts revival style buildings, likely from the Albany area. Additional ammenties like off-street parking, washer & dryers & included central AC and heat, keep the property fully occupied & enjoyed by well paying, long-term tenants. Generating $48,000 gross yearly rents but has even more upside profit potential, makes this desirable for any investor. All units have incredible views of the river & downtown Albany. Close to all major highways & is a quick 5 minute drive to Regeneron Pharmaceuticals, creating even higher rental demand than the area already has. Unit 1 is on the raised 2nd level & has two LARGE bedrooms & 2.5 bathrooms, each bdrm w/their own private bathroom AND a nee extra half bathroom for guests! The primary bedroom & living area each have sliding glass doors leading to a huge 4 season bonus room w/a custom wood bar & sliding glass doors that lead to a private L-shaped raised deck. W/D & dishwasher ($1600 exp 8/30/26, leaving owner occupancy possibilities if desired). See notes. Unit 2 is an adorable two bedroom & TWO new private bathrooms, off each bdrm, plus a walkout 3 season room leading to the yard. New GE all-in-one w/d. ($1420 exp 2/27). Unit 3 has 1 large bedroom & 1 bathroom w/their own walkout 4 season room & a patio under the deck. ($1050 exp 11/26)

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