423 Hamilton Street
- Multi-Family
- MLS # 202415805
Property Details
- Acres: 0.08
- Town: Albany
- Property Type: Multi-Family
- Bedrooms: 8
- Full Bathrooms: 2
- School District: Albany
- Estimated Taxes: $4,097
- Water: Public
- Sewer: Public Sewer
- Heat: Natural Gas
- Garage: 1
- Property Style: Other
- Basement: Full
- Exterior: Vinyl Siding
- County: Albany
- Cooling: None
- Parking Spaces: 4
- Interior Features: Other
Remarks
This is a turn-key student rental property with strong positive cash flow. Using my sample pro-forma your positive cash flow will over $14,000/yr assuming an 80% mortgage at 8%. Cap rate of 13.0%. Text or email seller for the pro-forma.
The 2-family house on a quiet dead-end street is in excellent condition and needs no repairs or improvements. 4 BRs on the 1st floor ($2,420/mo) leased through May ' 25 and 4BRs on the 2nd floor ($1,770) leased through May of '24. The property was fully renovated in 2011. Includes all appliances (Fridges, ranges, DWs, Micros) with Washer/Dryer in the basement. Roof, boilers (2011), water heaters, electric, plumbing, & appliances are all in great shape and nothing is needed. All renovations and maintenance has been done to a very high level.
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Contact Daniel Davies
NYS Licensed Real Estate Broker GRI, ABR, RSPS,SRS,C2EX
(518) 656-9068
dan@daviesrealty.net
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