$400,000
Albany, NY 12202
MLS# 202328348
Status: Closed
8 beds
1 / 26
Property Description
4 unit with attractive updated apartments. Fully rented at $1,250 per apartment ($5,000 per month), tenants pay their own utilities (separated) and all have kitchens, formal dining rooms, 2 bedrooms and their own private front balcony/deck. 10% + cap rate. 1 year old roof! Updates in all units, hardwood floors, some newer kitchen cabinets, stainless appliances, tiled kitchens & backsplash, updated tiled baths, some granite countertops in kitchen. Apartments are rented on Month-to-month basis. One tenant enjoys off street parking.
Details
Maps
Documents
Contract Information
Original List Price: 425000
List Price/SqFt: 107.3
Status: Closed
Property Sub Type: Quadruplex
Sold Price: $400,000
Current Price: $400,000
Listing Contract Date: 2023-11-15
Location
City/Town (Mail): Albany
Cross Street: Grandview Terrace
Street Number: 59
Street Name: LIEBEL
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12202
Geo Lat: 42.638543
Geo Lon: -73.767981
Property Detail
Rooms Total: 20
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 3728
Parking Y/N: Yes
Below Grade Finished Area: 0
Living Area: 3728
Lot Size Dimensions: 50 X 70
Lot Size Acres: 0.08
Main Road Frontage: 50
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 8
Bathrooms Full: 4
Year Built: 1942
Status Change Info
Sold Price/SqFt: 107.3
Status Change Date: 2024-04-08
Under Contract Date: 2024-02-01
Sold Date: 2024-04-08
Sold Price: $400,000
Parcel, Tax, HOA
Parcel Number: 76.71-3-42
Tax Annual Amount: 8960
Tax Section: 76.71
Total Taxes Description: Actual
Tax Block: 3
Tax Lot: 42
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: 787 South to Albany take Exit 2, right onto Green St., Right onto S Pearl St., Left onto Second Ave., Left onto Grandview Terr, Right onto Liebel St.
Public Remarks: 4 unit with attractive updated apartments. Fully rented at $1,250 per apartment ($5,000 per month), tenants pay their own utilities (separated) and all have kitchens, formal dining rooms, 2 bedrooms and their own private front balcony/deck. 10% + cap rate. 1 year old roof! Updates in all units, hardwood floors, some newer kitchen cabinets, stainless appliances, tiled kitchens & backsplash, updated tiled baths, some granite countertops in kitchen. Apartments are rented on Month-to-month basis. One tenant enjoys off street parking.
Sewer
Public Sewer: 1
Electric
Circuit Breakers: 1
Fencing
None: 1
Financial Details
General Taxes: 3768
General Taxes Description: Actual
School Taxes: 5192
School Taxes Description: Actual
Attic Features
None: 1
Cooling
None: 1
Basement
Full: 1
Unfinished: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 1st
Full Bath 4: 1st
Lot Features
Corner Lot: 1
Level: 1
Construction Materials
Aluminum Siding: 1
Other Structures
None: 1
Possession
At Closing: 1
Exterior Features
None: 1
Flooring
Ceramic Tile: 1
Hardwood: 1
Marble: 1
Vinyl: 1
Showing Requirements
24 Hour Notice: 1
Lockbox: 1
Showing Service: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Roof
Tar/Gravel: 1
Water Source
Public: 1
Foundation Details
Combination: 1
Concrete Perimeter: 1
Heating
Hot Water: 1
Natural Gas: 1
Income And Expenses
Rental Income: 60000
Rental Income Description: Actual
Total Income: 60000
Insurance Expense: 2500
Insurance Expense Description: Estimated
Water Sewer Expense: 800
Water Sewer Expense Desc.: Estimated
Interior Features
Built-in Features: 1
Ceramic Tile Bath: 1
Open Floorplan: 1
Stone Countertops: 1
Parking Features
Parking Total: 2
Driveway: 1
Patio And Porch Features
Covered: 1
Front Porch: 1
Owner Pays
Sewer: 1
Trash Collection: 1
Water: 1
Levels
Two: 1
Security Features
Carbon Monoxide Detector(s): 1
Smoke Detector(s): 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Water Heater: 1
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
Tenant Pays
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Unit Information
Number Of Refrigerators: 4
Number Of Stoves: 4
Unit 1 Detail
Rent: 1250
Rent Description Unit 1: Actual
Lease Term Unit 1: Month To Month
Occupant Type Unit 1: Tenant
Kitchen Unit 1: Eat In
Total Rooms Unit 1: 5
Total Bedrooms: 2
Bedrooms on 1st Floor: 2
Full Baths 1st Floor: 1
Dining Rooms 1st Floor: 1
Kitchens 1st Floor: 1
Living Rooms 1st Floor: 1
Unit 2 Detail
Rent: 1250
Rent Description Unit 2: Actual
Lease Term Unit 2: Month To Month
Occupant Type Unit 2: Tenant
Kitchen Unit 2: Eat In
Total Rooms Unit 2: 5
Total Bedrooms: 2
Bedrooms on 1st Floor: 2
Full Baths 1st Floor: 1
Dining Rooms 1st Floor: 1
Kitchens 1st Floor: 1
Living Rooms 1st Floor: 1
Unit 3 Detail
Rent: 1250
Rent Description Unit 3: Actual
Lease Term Unit 3: Month To Month
Occupant Type Unit 3: Tenant
Kitchen Unit 3: Eat In
Total Rooms Unit 3: 5
Total Bedrooms: 2
Bedrooms on 1st Floor: 2
Full Baths 1st Floor: 1
Dining Rooms 1st Floor: 1
Kitchens 1st Floor: 1
Living Rooms 1st Floor: 1
Unit 4 Detail
Rent: 1250
Rent Description Unit 4: Actual
Lease Term Unit 4: Month To Month
Occupant Type Unit 4: Tenant
Kitchen Unit 4: Eat In
Total Rooms Unit 4: 5
Total Bedrooms: 2
Bedrooms on 1st Floor: 2
Full Baths 1st Floor: 1
Dining Rooms 1st Floor: 1
Kitchens 1st Floor: 1
Living Rooms 1st Floor: 1
Unit 1 Dining Room Type
Formal Dining Room: 1
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 1 Amenities
Ceramic Tile: 1
Gourmet Kitchen: 1
Unit 2 Dining Room Type
Formal Dining Room: 1
Unit 2 Appliances
Range: 1
Refrigerator: 1
Unit 2 Amenities
Ceramic Tile: 1
Unit 3 Amenities
Ceramic Tile: 1
Unit 3 Dining Room Type
Formal Dining Room: 1
Unit 4 Dining Room Type
Formal Dining Room: 1
Unit 3 Appliances
Range: 1
Refrigerator: 1
Unit 4 Appliances
Range: 1
Refrigerator: 1
Unit 4 Amenities
Ceramic Tile: 1
Property Features
Attic Features: None
Basement: Full; Unfinished
Construction Materials: Aluminum Siding
Cooling: None
Electric: Circuit Breakers
Exterior Features: None
Fencing: None
Flooring: Ceramic Tile; Hardwood; Marble; Vinyl
Foundation Details: Combination; Concrete Perimeter
Heating: Hot Water; Natural Gas
Interior Features: Built-in Features; Ceramic Tile Bath; Open Floorplan; Stone Countertops
Levels: Two
Lot Features: Corner Lot; Level
Other Structures: None
Owner Pays: Sewer; Trash Collection; Water
Parking Features: Driveway
Patio And Porch Features: Covered; Front Porch
Possession: At Closing
Roof: Tar/Gravel
Security Features: Carbon Monoxide Detector(s); Smoke Detector(s)
Separate Utilities: Electric; Gas; Heat; Water Heater
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Lockbox; Showing Service; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Electricity; Gas; Heat; Hot Water
Water Source: Public
Unit 1 Dining Room Type: Formal Dining Room
Unit 1 Appliances: Range; Refrigerator
Unit 1 Amenities: Ceramic Tile; Gourmet Kitchen
Unit 2 Dining Room Type: Formal Dining Room
Unit 2 Appliances: Range; Refrigerator
Unit 2 Amenities: Ceramic Tile
Unit 3 Amenities: Ceramic Tile
Unit 3 Dining Room Type: Formal Dining Room
Unit 3 Appliances: Range; Refrigerator
Unit 4 Dining Room Type: Formal Dining Room
Unit 4 Appliances: Range; Refrigerator
Unit 4 Amenities: Ceramic Tile
ROP Rent Roll PCD Disclosures ProForma 
Listing Courtesy of Berkshire Hathaway Home Services Blake
Listing Agent: Leon Levy
518-439-4943 |
518-439-4943 |
