$475,000
Albany, NY 12203
MLS# 202128723
Status: Closed
6 beds
1 / 53
Property Description
Money Making Investment Alert! This 6 unit is fully occupied and the tenants are paying their rent. This is one of the most desirable rental areas in Albany. So close to bus lines, SUNY Albany, State Campus, St. Rose College, shopping, eating, easy access to highways for commuting. Tenants are all very happy with their units and would love to stay. Whether you're looking to add a new property to your portfolio or looking to start your investing career, this property makes money. Enough parking for 6 cars currently but room to add more parking for 6 more cars. Listing agent to accompany all showings. Showing Mondays, Tuesdays, and Fridays. Schedule your showing today. Very Good Condition
Details
Maps
Contract Information
Original List Price: 550000
List Price/SqFt: 124.77
Status: Closed
Property Sub Type: Multi Family
Sold Price: $475,000
Current Price: $475,000
Listing Contract Date: 2021-09-17
Location
City/Town (Mail): Albany
Street Number: 62
Street Direction Prefix: N
Street Name: PINE
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12203
Subdivision: Pine Hills
Geo Lat: 42.668945
Geo Lon: -73.792074
Property Detail
Number Of Units Total: 6
Rooms Total: 24
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 4247
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Living Area: 4247
Lot Size Dimensions: 50x200
Lot Size Acres: 50200
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 6
Bathrooms Full: 6
Year Built: 1900
Status Change Info
Sold Price/SqFt: 111.84
Status Change Date: 2021-12-24
Under Contract Date: 2021-11-09
Sold Date: 2021-12-23
Sold Price: $475,000
Parcel, Tax, HOA
Parcel Number: 010100 15-1-64
Tax Annual Amount: 12749
Tax Section: 15
Total Taxes Description: Actual
Tax Block: 1
Tax Lot: 64
School District: Albany
Association Y/N: No
Directions & Remarks
Directions: North Pine is between Washington Ave and Western Ave, one block east of Manning Blvd.
Public Remarks: Money Making Investment Alert! This 6 unit is fully occupied and the tenants are paying their rent. This is one of the most desirable rental areas in Albany. So close to bus lines, SUNY Albany, State Campus, St. Rose College, shopping, eating, easy access to highways for commuting. Tenants are all very happy with their units and would love to stay. Whether you're looking to add a new property to your portfolio or looking to start your investing career, this property makes money. Enough parking for 6 cars currently but room to add more parking for 6 more cars. Listing agent to accompany all showings. Showing Mondays, Tuesdays, and Fridays. Schedule your showing today. Very Good Condition
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Financial Details
General Taxes: 4750
General Taxes Description: Actual
School Taxes: 7999
School Taxes Description: Actual
Cooling
None: 1
Basement
Bilco Doors: 1
Full: 1
Unfinished: 1
Construction Materials
Aluminum Siding: 1
Possession
At Closing: 1
Showing Requirements
24 Hour Notice: 1
Agent to Accompany: 1
No Sign: 1
Restricted Days: 1
Restricted Hours: 1
Special Listing Conditions
SeniorCommunity Y/N: Multiple Owners
Water Source
Public: 1
Heating
Natural Gas: 1
Radiant: 1
Income And Expenses
Total Income: 56940
Total Income Description: Actual
Insurance Expense: 3592.05
Insurance Expense Description: Actual
Miscellaneous Expense: 3425
Miscellaneous Expense Description: Actual
Water Sewer Expense Desc.: Actual
Operating Expense: 27618
Net Operating Income: 29323
Parking Features
Parking Total: 6
Off Street: 1
Owner Pays
Grounds Care: 1
Heat: 1
Hot Water: 1
Snow Removal: 1
Trash Collection: 1
Unit Information
Number Of Air Conditoners: 2
Number Of Refrigerators: 6
Number Of Stoves: 6
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st Flr
Monthly Rent MF Unit 1: 825
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 4
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 1 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1st Flrs
Monthly Rent MF Unit 2: 825
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Month To Month
Total Rooms MF Unit 2: 4
Total Bedrooms MF Unit 2: 1
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 2 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2nd Flr
Monthly Rent MF Unit 3: 850
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: Month To Month
Total Rooms MF Unit 3: 4
Total Bedrooms MF Unit 3: 1
Total Full Baths MF Unit 3: 1
Unit 3 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 3 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 4 Detail
Unit Location MF Unit 4: 2nd Flr
Monthly Rent MF Unit 4: 825
Rent Desc. MF Unit 4: Actual
Lease Term MF Unit 4: Month To Month
Total Rooms MF Unit 4: 4
Total Bedrooms MF Unit 4: 1
Total Full Baths MF Unit 4: 1
Unit 4 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 4 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 5 Detail
Unit Location MF Unit 5: 3rd Flr
Monthly Rent MF Unit 5: 725
Rent Desc. MF Unit 5: Actual
Lease Term MF Unit 5: Month To Month
Total Rooms MF Unit 5: 4
Total Bedrooms MF Unit 5: 1
Total Full Baths MF Unit 5: 1
Unit 5 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 5 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Multi-Family Unit 6 Detail
Unit Location MF Unit 6: 3rd Flr
Monthly Rent MF Unit 6: 695
Rent Desc. MF Unit 6: Actual
Lease Term MF Unit 6: Month To Month
Total Rooms MF Unit 6: 4
Total Bedrooms MF Unit 6: 1
Total Full Baths MF Unit 6: 1
Unit 6 Owner Furnish Features
Electricity: 1
Gas: 1
Heat: 1
Hot Water: 1
Maintenance Grounds: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Unit 6 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Property Features
Architectural Style: Apartment 4 Plus Unit
Basement: Bilco Doors; Full; Unfinished
Construction Materials: Aluminum Siding
Cooling: None
Heating: Natural Gas; Radiant
Owner Pays: Grounds Care; Heat; Hot Water; Snow Removal; Trash Collection
Parking Features: Off Street
Possession: At Closing
Sewer: Public Sewer
Showing Requirements: 24 Hour Notice; Agent to Accompany; No Sign; Restricted Days; Restricted Hours
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 2 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 2 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 3 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 3 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 4 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 4 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 5 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 5 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 6 Owner Furnish Features: Electricity; Gas; Heat; Hot Water; Maintenance Grounds; Sewer; Snow Removal; Trash; Water
Unit 6 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Listing Courtesy of Berkshire Hathaway Home Services Blake
Listing Agent: Christopher Donato
518-935-2555 |
518-935-2555 |
