$247,000
Albany, NY 12203
MLS# 202115828
Status: Closed
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Property Description
Sold before print. Owner is licensed RE salesperson, but sold privately. Sale includes 709 State St (triplex) and 50'x70' vacant lot in back for parking (184/186 Spring St.). Rental income is based on actual leases in place on all 3 units, less 5% vacancy allowance. Owner provides one parking space to each occupant that owns a vehicle at no additional charge. Roof was re-surfaced in 2019. Electric heat in basement, other 2 units are natural gas hw baseboard heat. All utilities are separate, but owner pays heat and electric for 2nd Fl tenants. New appliances in 1st and 2nd floors. CAP rate is close to 10%. Excellent Condition
Details
Maps
Contract Information
Status: Closed
Property Sub Type: Multi Family
Original List Price: 240000
Sold Price: $247,000
Current Price: $247,000
Listing Contract Date: 2021-04-13
List Price/SqFt: 88.3
Location
Street Number: 709
Street Name: STATE
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12203
City/Town (Mail): Albany
Geo Lat: 42.663789
Geo Lon: -73.777609
Property Detail
Number Of Units Total: 3
Year Built: 1929
Above Grade Finished Area: 2718
Above Grade Finished Area Source: CRS
Living Area: 2718
Zoning: Multi Residence
Deed Restrictions: No
Lot Size Dimensions: 25'x70'
Main Road Frontage: 25
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Survey Y/N: No
Status Change Info
Status Change Date: 2021-04-13
Under Contract Date: 2021-02-17
Sold Date: 2021-04-12
Sold Price: $247,000
Sold Price/SqFt: 90.88
Financial Details
Full Market Assessment: 161028
Tax Assessed Value: 150400
General Taxes: 2494
General Taxes Description: Actual
School Taxes: 3537
School Taxes Description: Actual
Possession
Possession (Legacy): at closing
Special Listing Conditions
SeniorCommunity Y/N: No Special Conditions
Income And Expenses
Total Income: 38475
Total Income Description: Estimated
Electric Expense: 900
Electric Expense Description: Estimated
Gas Expense: 900
Gas Expense Description: Estimated
Insurance Expense: 1000
Insurance Expense Description: Estimated
Water Sewer Expense Desc.: Estimated
Maintenance Expense: 1924
Net Operating Income: 24159
Parking Features
Parking Total: 3
Separate Utilities
Number Of Separate Electric Meters: 3
Number Of Separate Gas Meters: 3
Number Of Separate Water Meters: 1
Unit Information
Number Of Refrigerators: 3
Number Of Stoves: 3
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: Basement
Unit Available MF Unit 1: 5/23/21
Monthly Rent MF Unit 1: 525
Rent Desc. MF Unit 1: Actual
Total Rooms MF Unit 1: 2
Total Bedrooms MF Unit 1: 2
Total Full Baths MF Unit 1: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1st
Unit Available MF Unit 2: 6/25/21
Monthly Rent MF Unit 2: 1350
Rent Desc. MF Unit 2: Actual
Total Rooms MF Unit 2: 5
Total Bedrooms MF Unit 2: 3
Total Full Baths MF Unit 2: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2nd
Unit Available MF Unit 3: 3/28/21
Monthly Rent MF Unit 3: 1500
Rent Desc. MF Unit 3: Actual
Total Rooms MF Unit 3: 5
Total Bedrooms MF Unit 3: 3
Total Full Baths MF Unit 3: 1
Property Features
Architectural Style: Triplex
Attic Features: Hatch
Basement: Interior Entry
Construction Materials: Asbestos
Cooling: None
Flooring: Hardwood; Wood
Heating: Baseboard; Electric; Natural Gas; Other; See Remarks
Lot Features: Level
Owner Pays: Parking Fee; Snow Removal; Trash Collection; Other; See Remarks
Parking Features: Off Street
Patio And Porch Features: Deck
Roof: Built-Up
Sewer: Public Sewer
Showing Requirements: Other; See Remarks
Tenant Pays: Cable TV; Hot Water; Internet; Other; See Remarks
Water Source: Public
Unit 1 Owner Furnish Features: Sewer; Snow Removal; Trash; Water
Unit 2 Owner Furnish Features: Sewer; Snow Removal; Trash; Water
Unit 3 Owner Furnish Features: Electricity; Heat; Sewer; Snow Removal; Trash; Water
Listing Courtesy of NON MLS OFFICE
Listing Agent: non-member non member |
