Fully remodeled (2013), charming, spacious 9-unit building walkable to everything. 8.7% current cap rate with a proforma cap rate of 9.1% by mid-2027. Assumable financing at 3.7%. Seven 2bed/2ba, one 2bed/1ba, and one 1bed/1ba. Average unit size is 1,200 SF.
Tenants pay electric, gas, and cable; the owner pays trash, water, and sewer.
There are in-unit washers and dryers, central air, and 9 total parking spaces (5 garage spots and 4 outdoor spots).
Property Details
- Basement: Other
- Bathrooms: 16
- Bedrooms: 17
- County: Albany
- Estimated Taxes: $35,172
- Exterior: Brick
- Exterior Features: Other
- Garage: 9
- Heat: Forced Air
- Parking Spaces: 9
- Property Style: Apartment 4 Plus Unit
- School District: Albany
- Sewer: Public Sewer
- Square Feet: 20,954
- Town: Albany
- Water: Public
- Year Built: 1880