$385,000
Albany, NY 12202
MLS# 202511599
Status: Closed
8 beds
1 / 16
Property Description
Attention Investors! This well maintained 3 unit property offers a turnkey investment opportunity in a convenient location--minutes from downtown Albany, the vibrant Lark Street corridor, Empire State Plaza, schools and hospitals. With 3 fully occupied units and strong, reliable tenancy, this property is a fantastic addition to any portfolio. Rent each month totals $5350. Owner pays for heat and electricity for all 2 units. Heat only for another.
Details
Maps
Documents
Contract Information
Original List Price: 399900
List Price/SqFt: 113.93
Status: Closed
Property Sub Type: Triplex
Sold Price: $385,000
Current Price: $385,000
Listing Contract Date: 2025-02-04
Location
City/Town (Mail): Albany
Street Number: 89
Street Name: Delaware
Street Suffix: Avenue
County: Albany
State/Province: NY
Postal Code: 12202
Geo Lat: 42.648155
Geo Lon: -73.770085
Property Detail
Rooms Total: 11
Bathrooms Half: 0
Garage Spaces: 1
Above Grade Finished Area: 3510
Above Grade Finished Area Source: CRS
Parking Y/N: Yes
Below Grade Finished Area: 0
Below Grade Finished Area Source: Public Records
Living Area: 3510
Lot Size Acres: 0.11
Waterfront Y/N: No
Enhanced Accessible Y/N: No
Bedrooms Total: 8
Bathrooms Full: 4
Year Built: 1920
Status Change Info
Sold Price/SqFt: 109.69
Status Change Date: 2025-04-01
Under Contract Date: 2025-02-24
Sold Date: 2025-03-21
Sold Price: $385,000
Parcel, Tax, HOA
Parcel Number: 76.39-1-19
Tax Annual Amount: 7543
Total Taxes Description: Actual
School District: Albany
High School: Albany
Association Y/N: No
Directions & Remarks
Directions: Lark to Delaware on the corner of Mercer.
Public Remarks: Attention Investors! This well maintained 3 unit property offers a turnkey investment opportunity in a convenient location--minutes from downtown Albany, the vibrant Lark Street corridor, Empire State Plaza, schools and hospitals. With 3 fully occupied units and strong, reliable tenancy, this property is a fantastic addition to any portfolio.
Rent each month totals $5350. Owner pays for heat and electricity for all 2 units. Heat only for another.
Sewer
Public Sewer: 1
Architectural Style
Traditional: 1
Financial Details
General Taxes: 3142.34
General Taxes Description: Actual
School Taxes: 4400.97
School Taxes Description: Actual
Basement
Unfinished: 1
Bath Levels
Full Bath 1: 1st
Full Bath 2: 1st
Full Bath 3: 2nd
Full Bath 4: 2nd
Construction Materials
Aluminum Siding: 1
Brick: 1
Photos - the contractual owner of the photos
Photo Owner: Combination Ownership
Possession
Subject To Tenant Rights: 1
Exterior Features
None: 1
Showing Requirements
Agent to Accompany: 1
Special Listing Conditions
Standard: 1
Water Source
Public: 1
Heating
Forced Air: 1
Radiant: 1
Income And Expenses
Rental Income: 64200
Rental Income Description: Yearly
Operating Expense: 20244
Net Operating Income: 37373
Laundry Features
In Basement: 1
Parking Features
Parking Total: 4
Driveway: 1
Garage: 1
Separate Utilities
Not Separated: 1
Other: 1
Multi-Family Unit 1 Detail
Unit Location MF Unit 1: 1
Occupant Type MF Unit 1: Tenant
Monthly Rent MF Unit 1: 850
Rent Desc. MF Unit 1: Actual
Lease Term MF Unit 1: Month To Month
Total Rooms MF Unit 1: 3
Total Bedrooms MF Unit 1: 1
Total Full Baths MF Unit 1: 1
Unit 1 Owner Furnish Features
Heat: 1
Multi-Family Unit 2 Detail
Unit Location MF Unit 2: 1
Occupant Type MF Unit 2: Tenant
Monthly Rent MF Unit 2: 1800
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: 3
Total Full Baths MF Unit 2: 1
Unit 2 Owner Furnish Features
Electricity: 1
Garage: 1
Heat: 1
Owner Furnishes: All furnishings
Multi-Family Unit 3 Detail
Unit Location MF Unit 3: 2-3rd fl
Occupant Type MF Unit 3: Tenant
Monthly Rent MF Unit 3: 2700
Rent Desc. MF Unit 3: Actual
Lease Term MF Unit 3: Month To Month
Total Rooms MF Unit 3: 6
Total Bedrooms MF Unit 3: 4
Total Full Baths MF Unit 3: 2
Unit 3 Owner Furnish Features
Electricity: 1
Gas: 1
Owner Furnishes: most furnishings
Unit 1 Detail
Rent: 850
Rent Description Unit 1: Actual
Lease Term Unit 1: Month To Month
Occupant Type Unit 1: Tenant
Total Bedrooms: 1
Unit 2 Detail
Rent: 1800
Rent Description Unit 2: Actual
Lease Term Unit 2: Month To Month
Occupant Type Unit 2: Tenant
Total Bedrooms: 3
Unit 3 Detail
Rent: 2700
Rent Description Unit 3: Actual
Lease Term Unit 3: Month To Month
Occupant Type Unit 3: Tenant
Total Bedrooms: 4
Property Features
Architectural Style: Traditional
Basement: Unfinished
Construction Materials: Aluminum Siding; Brick
Exterior Features: None
Heating: Forced Air; Radiant
Laundry Features: In Basement
Parking Features: Driveway; Garage
Possession: Subject To Tenant Rights
Separate Utilities: Not Separated; Other
Sewer: Public Sewer
Showing Requirements: Agent to Accompany
Special Listing Conditions: Standard
Water Source: Public
Unit 1 Owner Furnish Features: Heat
Unit 2 Owner Furnish Features: Electricity; Garage; Heat
Unit 3 Owner Furnish Features: Electricity; Gas
proforma 
Listing Courtesy of Rooted Property Group LLC
Listing Agent: Alison Walden
518-248-2037 |
518-248-2037 |
