4 Beds
7 Baths
3,450 SqFt
4 Beds
7 Baths
3,450 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,450 sqft
Price per Sqft $191
MLS Listing ID 202610677
Bedrooms 4
Full Baths 5
Half Baths 2
HOA Y/N No
Year Built 1956
Annual Tax Amount $7,362
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 67' x147
Property Sub-Type Multi Family
Source Global MLS
Property Description
The building has been consistently rented, reflecting durable tenant demand. Current rents are below market, presenting a compelling opportunity for an investor to drive NOI through strategic rent optimization while maintaining stability. The roof was replaced approximately ten years ago and the studio was recently renovated.
Total annual rents currently total $61,920 with yearly expenses around $15,000 making the NOI approx $46,920 and a 7.1% Cap rate! Coin Laundry washer and dryer on Premises!
Location
State NY
County Albany
Zoning Mixed
Direction Route 5, across from Price Chopper at Rt 155
Interior
Heating Baseboard, Forced Air, Hot Water
Flooring Vinyl, Carpet, Linoleum
Exterior
Exterior Feature None
Parking Features Paved
Garage Spaces 3.0
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Schools
School District South Colonie
Others
Tax ID 012689 29.10-1-15
Special Listing Condition Standard
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