54 Westerlo Street, # 22, Albany, NY 12202 (MLS# 202624554)

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Property Description
Welcome to 54 Westerlo St #22, an updated 2-bedroom, 1-bath condo offering approximately 810 square feet in a convenient Albany location. Currently leased for $1,600/month through December 1, 2026, this property offers investors immediate rental income with a tenant already in place. Recent updates include new flooring throughout the living room, hallway and both bedrooms, new windows in the primary bedroom, updated kitchen lighting, a new refrigerator, oven and faucet, and fresh paint in the common area. The unit also features an in-unit washer and dryer and two parking spaces. For investors, the property offers approximately $19,200 in scheduled annual rental income at the current lease rate, making it an attractive addition to an existing rental portfolio. DSCR, portfolio and other investment financing may be available, subject to lender guidelines and buyer qualifications. The location provides convenient access to Downtown Albany, Empire State Plaza, MVP Arena, restaurants, shops, entertainment, government offices and major roadways. The 2-bedroom layout, parking and updated condition also provide strong appeal for a future owner-occupant once the current lease expires. A solid opportunity to acquire an occupied, income-producing Albany condo with established rental income and recent improvements, while retaining the flexibility to make it a future home.