$370,000
Albany, NY 12203
MLS# 202415805
Status: Closed
8 beds
1 / 22
Property Description
This is a turn-key student rental property with strong positive cash flow. Using my sample pro-forma your positive cash flow will over $14,000/yr assuming an 80% mortgage at 8%. Cap rate of 13.0%. Text or email seller for the pro-forma. The 2-family house on a quiet dead-end street is in excellent condition and needs no repairs or improvements. 4 BRs on the 1st floor ($2,420/mo) leased through May ' 25 and 4BRs on the 2nd floor ($1,770) leased through May of '24. The property was fully renovated in 2011. Includes all appliances (Fridges, ranges, DWs, Micros) with Washer/Dryer in the basement. Roof, boilers (2011), water heaters, electric, plumbing, & appliances are all in great shape and nothing is needed. All renovations and maintenance has been done to a very high level.
Details
Maps
Documents
Contract Information
Original List Price: 375000
Status: Closed
Property Sub Type: Duplex
Sold Price: $370,000
Current Price: $370,000
Listing Contract Date: 2024-04-24
Location
City/Town (Mail): Albany
Street Number: 423
Street Name: Hamilton
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12203
Geo Lat: 42.659582
Geo Lon: -73.777553
Property Detail
Rooms Total: 15
Bathrooms Half: 0
Garage Spaces: 1
Parking Y/N: Yes
Living Area: 0
Lot Size Acres: 0.08
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 8
Bathrooms Full: 2
Year Built: 1905
Parcel, Tax, HOA
Parcel Number: 010100 65.69-1-36
Tax Annual Amount: 4097
Tax Section: 65.69
Total Taxes Description: Estimated
Tax Block: 1
Tax Lot: 36.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Quail to the dead end of Hamilton
Public Remarks: This is a turn-key student rental property with strong positive cash flow. Using my sample pro-forma your positive cash flow will over $14,000/yr assuming an 80% mortgage at 8%. Cap rate of 13.0%. Text or email seller for the pro-forma.
The 2-family house on a quiet dead-end street is in excellent condition and needs no repairs or improvements. 4 BRs on the 1st floor ($2,420/mo) leased through May ' 25 and 4BRs on the 2nd floor ($1,770) leased through May of '24. The property was fully renovated in 2011. Includes all appliances (Fridges, ranges, DWs, Micros) with Washer/Dryer in the basement. Roof, boilers (2011), water heaters, electric, plumbing, & appliances are all in great shape and nothing is needed. All renovations and maintenance has been done to a very high level.
Sewer
Public Sewer: 1
Architectural Style
Other: 1
Cooling
None: 1
Basement
Full: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Construction Materials
Vinyl Siding: 1
Possession
Negotiable: 1
Exterior Features
Other: 1
Flooring
Hardwood: 1
Tile: 1
Showing Requirements
Call Owner: 1
Special Listing Conditions
Standard: 1
Roof
Slate: 1
Water Source
Public: 1
Heating
Natural Gas: 1
Parking Features
Parking Total: 4
Patio And Porch Features
Porch: 1
Levels
Two: 1
Separate Utilities
Electric: 1
Gas: 1
Unit 1 Detail
Rent: 2420
Total Rooms Unit 1: 7
Total Bedrooms: 4
Total Full Baths: 1
Unit 2 Detail
Rent: 2400
Total Rooms Unit 2: 8
Total Bedrooms: 4
Total Full Baths: 1
Unit 1 Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Unit 2 Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Status Change Info
Status Change Date: 2024-08-05
Under Contract Date: 2024-06-04
Sold Date: 2024-08-02
Sold Price: $370,000
Property Features
Architectural Style: Other
Basement: Full
Construction Materials: Vinyl Siding
Cooling: None
Exterior Features: Other
Flooring: Hardwood; Tile
Heating: Natural Gas
Levels: Two
Patio And Porch Features: Porch
Possession: Negotiable
Roof: Slate
Separate Utilities: Electric; Gas
Sewer: Public Sewer
Showing Requirements: Call Owner
Special Listing Conditions: Standard
Water Source: Public
Unit 1 Appliances: Dishwasher; Range; Refrigerator
Unit 2 Appliances: Dishwasher; Range; Refrigerator
Lead Paint Disclosure 
Listing Courtesy of Unreal Estate Brokerage LLC
Listing Agent: Derek Morgan
866-807-9087 | derek@unrealestate.com
866-807-9087 | derek@unrealestate.com
