5 Beds
3 Baths
2,395 SqFt
5 Beds
3 Baths
2,395 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,395 sqft
Price per Sqft $195
MLS Listing ID 202622149
Bedrooms 5
Full Baths 3
HOA Y/N No
Year Built 1911
Annual Tax Amount $6,202
Lot Size 0.300 Acres
Acres 0.3
Property Sub-Type Triplex
Source Global MLS
Property Description
This Village of Colonie three-family offers something that can be hard to find in a multi-family property: the opportunity to put your own plan in place from the start. With projected rents of approximately $1,650 for Unit 2 and $1,200 for Unit 3, plus $1,300 in existing monthly rent from Unit 1, the property offers potential gross rental income of approximately $4,150 per month / $49,800 annually.* Units 2 and 3 are vacant and ready for immediate occupancy, giving a new owner the flexibility to choose their own tenants and rental terms, live in one unit while collecting rent from the others, create a multi-generational living arrangement, or establish their own rental strategy without inheriting a fully occupied property. Sellers have also had the property pre-inspected, providing buyers with valuable information upfront, removing some of the guesswork. Unit 1 is a 1st flr 2 BR, 1-bath apartment with a long-term month-to-month tenant and washer/dryer hookups. Unit 2 offers 1 BR, 1 bath, new appliances, an adjoining bonus room ideal for an office, nursery or walk-in closet, plus a new stackable washer and dryer. Upstairs, Unit 3 has been freshly painted and professionally cleaned and offers 2 BRs and 1 bath. Outside, the property sits on a corner lot with paved off-street parking for up to 8 vehicles. Located in the South Colonie SD with Saddlewood Elementary at the end of the street, the property is convenient to shopping, restaurants, Albany Airport, hospitals and major highways. Whether you're looking for an investment property, a way to offset your own housing costs, or space for a multi-generational living arrangement, 1 Loralee Drive gives you something many multi-family properties don't: the ability to decide what happens next. *Projected rents are estimates only and are not guaranteed.
Location
State NY
County Albany
Direction Central to Loralee.
Interior
Interior Features Paddle Fan, High Speed Internet, Built-in Features, Ceramic Tile Bath
Heating Hot Water, Natural Gas
Flooring Carpet, Ceramic Tile, Hardwood, Laminate
Exterior
Exterior Feature Garden
Parking Features Off Street, Paved, Driveway
Utilities Available Cable Available
Roof Type Asphalt
Porch Porch, Patio
Building
Lot Description Level, Corner Lot, Garden
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District South Colonie
Others
Tax ID 012601 29.11-3-76
Special Listing Condition Standard
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