$2,200,000
Albany, NY 12203
MLS# 202031936
Status: Closed
1 / 74
Property Description
ProForma +rent roll attached as well as walk through tour of 2 apts + hall. 22 units in Superior Pine Hills location w/LOADS of parking w/3 lots (approx 30+ spots). Easy to rent/NO COVID lates or evictions, great tenants. 13 unit udates include 92 new windows, hardwood FLs, ALL new electric including 600amp panel, new roof ('20), updated kitchens & baths, new decks, new drain & water lines. 8 unit has all new plumbing, hardwood floors, recently coated roof w/ silicone, ALL new windows, new front stairs, new awning, porch was re-built, one family rents for $1500 w/ long term tenant: new roof ('20), added blown insulation in attic, new front stairs, some new windows & paved parking in some of the back lots. Fantastic opporunity to own 3 buildings in Pine Hills. Easy to rent & great tenants. Excellent Condition, Very Good Condition
Details
Maps
Contract Information
Original List Price: 2475000
List Price/SqFt: 144.59
Status: Closed
Property Sub Type: Multi Family
Sold Price: $2,200,000
Current Price: $2,200,000
Listing Contract Date: 2020-10-30
Location
City/Town (Mail): Albany
Street Number: 889,891,89
Street Name: LANCASTER
Street Suffix: Street
County: Albany
State/Province: NY
Postal Code: 12203
Geo Lat: 42.670436
Geo Lon: -73.791759
Property Detail
Number Of Units Total: 22
Garage Spaces: 0
Above Grade Finished Area: 17117
Above Grade Finished Area Source: CRS
Below Grade Finished Area: 5000
Living Area: 17117
Lot Size Dimensions: .69
Lot Size Acres: 0.69
Main Road Frontage: 166
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Year Built: 1930
Status Change Info
Sold Price/SqFt: 128.53
Status Change Date: 2021-03-18
Under Contract Date: 2020-11-17
Sold Date: 2021-03-18
Sold Price: $2,200,000
Parcel, Tax, HOA
Parcel Number: 010100 64.43-1-46
Tax Annual Amount: 44807
Tax Section: 64.43
Total Taxes Description: Estimated
Tax Block: 1
Tax Lot: 46
School District: Albany
Association Y/N: No
Directions & Remarks
Directions: Western Ave to Left onto South Manning and Right onto Lancaster. The driveway is between 897 Lancaster and 889 Lancaster and it wraps around the back - three parking areas.
Public Remarks: ProForma +rent roll attached as well as walk through tour of 2 apts + hall. 22 units in Superior Pine Hills location w/LOADS of parking w/3 lots (approx 30+ spots). Easy to rent/NO COVID lates or evictions, great tenants. 13 unit udates include 92 new windows, hardwood FLs, ALL new electric including 600amp panel, new roof ('20), updated kitchens & baths, new decks, new drain & water lines. 8 unit has all new plumbing, hardwood floors, recently coated roof w/ silicone, ALL new windows, new front stairs, new awning, porch was re-built, one family rents for $1500 w/ long term tenant: new roof ('20), added blown insulation in attic, new front stairs, some new windows & paved parking in some of the back lots. Fantastic opporunity to own 3 buildings in Pine Hills. Easy to rent & great tenants. Excellent Condition, Very Good Condition
Sewer
Public Sewer: 1
Architectural Style
Apartment 4 Plus Unit: 1
Other: 1
See Remarks: 1
Financial Details
General Taxes: 16668
General Taxes Description: Actual
School Taxes: 28159
School Taxes Description: Actual
Attic Features
None: 1
Cooling
None: 1
Basement
Apartment: 1
Full: 1
Unfinished: 1
Lot Features
Cleared: 1
Landscaped: 1
Road Frontage: 1
Construction Materials
Aluminum Siding: 1
Brick: 1
Wood Siding: 1
Possession
Possession (Legacy): @closing
Flooring
Ceramic Tile: 1
Hardwood: 1
Showing Requirements
Agent to Accompany: 1
Lockbox: 1
Occupied: 1
Sign on Property: 1
Special Listing Conditions
SeniorCommunity Y/N: No Special Conditions
Roof
Rubber: 1
Water Source
Public: 1
Heating
Baseboard: 1
Hot Water: 1
Natural Gas: 1
Radiant: 1
Income And Expenses
Electric Expense: 7500
Electric Expense Description: Estimated
Total Income: 258960
Total Income Description: Estimated
Gas Expense: 7500
Gas Expense Description: Estimated
Insurance Expense: 9500
Insurance Expense Description: Estimated
Water Sewer Expense: 0
Water Sewer Expense Desc.: Estimated
Parking Features
Parking Total: 30
Driveway: 1
Off Street: 1
Paved: 1
Stone: 1
None: 1
Patio And Porch Features
Deck: 1
Owner Pays
Grounds Care: 1
Heat: 1
Parking Fee: 1
Snow Removal: 1
Trash Collection: 1
Separate Utilities
Number Of Separate Electric Meters: 22
Number Of Separate Gas Meters: 3
Number Of Separate Water Meters: 3
Tenant Pays
Cable TV: 1
Electricity: 1
Hot Water: 1
Unit Information
Number Of Dishwashers: 13
Number Of Dryers: 3
Number Of Refrigerators: 22
Number Of Stoves: 22
Number Of Washers: 3
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 13 UNIT
Unit Available MF Unit 1: @CLOSING
Monthly Rent MF Unit 1: 13430
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Other
Total Rooms MF Unit 1: 67
Total Bedrooms MF Unit 1: 25
Total Full Baths MF Unit 1: 22
Unit 1 Owner Furnish Features
Heat: 1
Parking: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 8 UNIT
Unit Available MF Unit 2: @CLOSING
Monthly Rent MF Unit 2: 6550
Rent Desc. MF Unit 2: Actual
Lease Term MF Unit 2: Other
Total Rooms MF Unit 2: 28
Total Bedrooms MF Unit 2: 12
Total Full Baths MF Unit 2: 12
Unit 2 Owner Furnish Features
Heat: 1
Parking: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 1 FAMILY
Unit Available MF Unit 3: @CLOSING
Monthly Rent MF Unit 3: 1500
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: Other
Total Rooms MF Unit 3: 8
Total Bedrooms MF Unit 3: 4
Total Full Baths MF Unit 3: 2
Unit 3 Owner Furnish Features
Heat: 1
Maintenance Grounds: 1
Parking: 1
Sewer: 1
Snow Removal: 1
Trash: 1
Water: 1
Property Features
Architectural Style: Apartment 4 Plus Unit; Other; See Remarks
Attic Features: None
Basement: Apartment; Full; Unfinished
Construction Materials: Aluminum Siding; Brick; Wood Siding
Cooling: None
Flooring: Ceramic Tile; Hardwood
Heating: Baseboard; Hot Water; Natural Gas; Radiant
Lot Features: Cleared; Landscaped; Road Frontage
Owner Pays: Grounds Care; Heat; Parking Fee; Snow Removal; Trash Collection
Parking Features: Driveway; Off Street; Paved; Stone; None
Patio And Porch Features: Deck
Roof: Rubber
Sewer: Public Sewer
Showing Requirements: Agent to Accompany; Lockbox; Occupied; Sign on Property
Tenant Pays: Cable TV; Electricity; Hot Water
Water Source: Public
Unit 1 Owner Furnish Features: Heat; Parking; Sewer; Snow Removal; Trash; Water
Unit 2 Owner Furnish Features: Heat; Parking; Sewer; Snow Removal; Trash; Water
Unit 3 Owner Furnish Features: Heat; Maintenance Grounds; Parking; Sewer; Snow Removal; Trash; Water
Listing Courtesy of Berkshire Hathaway Home Services Blake
Listing Agent: Melissa Hems
518-439-4943 |
518-439-4943 |
