$329,900
Albany, NY 12203
MLS# 202421527
Status: Closed
6 beds
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1 / 49
Property Description
This 2 unit was completely renovated in 2022 including new furnace and central air units in each apartment. Currently 1st floor owner occupied second floor AirBNB with monthly average income of $2650. CAP Rate as AirBNB High Market 18.4% Low Market 14.4%. As Long Term Rentals High Market Cap Rate 11.1% Low Market Cap Rate 9.5% (see income expense Sheets) in 2022. The complete renovation included new electrical service, hot water heaters, kitchens and baths. This is a prime investment property or owner occupy one floor and let the other pay most of your mortgage. Check out the virtual tour!!!
Details
Maps
Documents
Contract Information
Original List Price: 300000
List Price/SqFt: 155.63
Status: Closed
Property Sub Type: Duplex
Sold Price: $329,900
Current Price: $329,900
Listing Contract Date: 2024-07-16
Location
City/Town (Mail): Albany
Street Number: 708
Street Name: State
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12203
Geo Lat: 42.663459
Geo Lon: -73.777868
Property Detail
Rooms Total: 10
Bathrooms Half: 0
Garage Spaces: 0
Above Grade Finished Area: 2024
Above Grade Finished Area Source: Public Records
Parking Y/N: No
Below Grade Finished Area: 0
Below Grade Finished Area Source: Public Records
Living Area: 2024
Lot Size Acres: 0.06
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 6
Bathrooms Full: 2
Year Built: 1920
Status Change Info
Sold Price/SqFt: 162.99
Status Change Date: 2024-11-01
Under Contract Date: 2024-08-22
Sold Date: 2024-10-31
Sold Price: $329,900
Parcel, Tax, HOA
Parcel Number: 010100 65.61-5-5
Tax Annual Amount: 8968.12
Tax Section: 65.61
Total Taxes Description: Actual
Tax Block: 5
Tax Lot: 5.000
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: 708 State St between Ontario St and Quail St.
Public Remarks: This 2 unit was completely renovated in 2022 including new furnace and central air units in each apartment. Currently 1st floor owner occupied second floor AirBNB with monthly average income of $2650. CAP Rate as AirBNB High Market 18.4% Low Market 14.4%. As Long Term Rentals High Market Cap Rate 11.1% Low Market Cap Rate 9.5% (see income expense Sheets) in 2022. The complete renovation included new electrical service, hot water heaters, kitchens and baths. This is a prime investment property or owner occupy one floor and let the other pay most of your mortgage. Check out the virtual tour!!!
Sewer
Public Sewer: 1
Architectural Style
Federal: 1
Electric
200+ Amp Service: 1
Circuit Breakers: 1
Fencing
Back Yard: 1
Financial Details
General Taxes: 3721.85
General Taxes Description: Actual
School Taxes: 5246.27
School Taxes Description: Actual
Cooling
Central Air: 1
Basement
Full: 1
Unfinished: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 2nd
Lot Features
Level: 1
Construction Materials
Vinyl Siding: 1
Possession
At Closing: 1
Exterior Features
None: 1
Duplex Type
Up And Down: 1
Flooring
Carpet: 1
Laminate: 1
Linoleum: 1
Showing Requirements
Lockbox: 1
Showing Service: 1
Sign on Property: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Available: 1
Roof
Built-Up: 1
Water Source
Public: 1
Heating
Forced Air: 1
Natural Gas: 1
Interior Features
High Speed Internet: 1
Solid Surface Counters: 1
Laundry Features
In Basement: 1
Parking Features
None: 1
Owner Pays
Other: 1
Separate Utilities
Electric: 1
Gas: 1
Heat: 1
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Tenant Pays
Other: 1
Window Features
Double Pane Windows: 1
Unit Information
Number Of Refrigerators: 2
Number Of Stoves: 2
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1st
Total Rooms MF Unit 1: 5
Total Bedrooms MF Unit 1: 3
Total Full Baths MF Unit 1: 1
Unit 1 Owner Furnish Features
Central Air Conditioning: 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: 2nd
Total Rooms MF Unit 2: 5
Total Bedrooms MF Unit 2: 3
Total Full Baths MF Unit 2: 1
Unit 2 Includes
Bathroom: 1
Kitchen: 1
Living Room: 1
Refrigerator: 1
Stove: 1
Unit 1 Detail
Total Bedrooms: 3
Bedrooms on 1st Floor: 3
Full Baths 1st Floor: 1
Kitchens 1st Floor: 1
Unit 2 Detail
Lease Term Unit 2: Other
Total Bedrooms: 3
Bedrooms on 2nd Floor: 3
Full Baths 2nd Floor: 1
Kitchens 2nd Floor: 1
Living Rooms 2nd Floor: 1
Unit 1 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Unit 2 Appliances
Microwave: 1
Range: 1
Refrigerator: 1
Property Features
Architectural Style: Federal
Basement: Full; Unfinished
Construction Materials: Vinyl Siding
Cooling: Central Air
Duplex Type: Up And Down
Electric: 200+ Amp Service; Circuit Breakers
Exterior Features: None
Fencing: Back Yard
Flooring: Carpet; Laminate; Linoleum
Heating: Forced Air; Natural Gas
Interior Features: High Speed Internet; Solid Surface Counters
Laundry Features: In Basement
Lot Features: Level
Owner Pays: Other
Parking Features: None
Possession: At Closing
Roof: Built-Up
Separate Utilities: Electric; Gas; Heat
Sewer: Public Sewer
Showing Requirements: Lockbox; Showing Service; Sign on Property
Special Listing Conditions: Standard
Tenant Pays: Other
Utilities: Cable Available
Window Features: Double Pane Windows
Water Source: Public
Unit 1 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 1 Owner Furnish Features: Central Air Conditioning
Unit 1 Appliances: Microwave; Range; Refrigerator
Unit 2 Includes: Bathroom; Kitchen; Living Room; Refrigerator; Stove
Unit 2 Appliances: Microwave; Range; Refrigerator
Offer Submission Packet 
Listing Courtesy of Howard Hanna Capital Inc
Listing Agent: Joseph P Cardinale
518-755-2064 | josephcardinale@howardhanna.com
518-755-2064 | josephcardinale@howardhanna.com
