506-508 3rd Street

$229,900
Home For Sale - Under Contract
  • Multi-Family
  • MLS # 202329006
Listing Provided By: PMI Capital District Jonathan Holland518-210-4248

Property Details

  • Acres: 0.06
  • Town: Albany
  • Property Type: Multi-Family
  • Bedrooms: 4
  • Full Bathrooms: 4
  • School District: Albany
  • Estimated Taxes: $3,776
  • Water: Public
  • Sewer: Public Sewer
  • Heat: Baseboard, Hot Water, Natural Gas
  • Basement: Walk-Out Access
  • Exterior: Aluminum Siding
  • Exterior Features: None
  • County: Albany
  • Cooling: None
  • Interior Features: Paddle Fan, High Speed Internet

Remarks

Wonderful opportunity to own a 4-family (2 duplexes) in Albany! This income producing multi-unit has owner-occupancy potential. 2 recently remodeled units w/ new appliances and flooring have estimated rents of $850/mo. each. Another is currently rented w/ a long-term tenant at $715/mo. Additional unit estimated at $715/mo. Total potential rental income of $37,560/year ($3,130/month)!

This property boasts rear decks that are under 10 yrs old, energy efficient windows, 4 hot water heaters, and 1 boiler w/ each unit having a preset thermostat.

Tenants pay separate electric and hot water (owner furnishes heat). All units have yard access. Property is zoned R-2 District and has a full basement w/ multiple potential uses. Conveniently located near bus line and local park. A must see!

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Contact Daniel Davies

Contact Daniel Davies

NYS Licensed Real Estate Broker GRI, ABR, RSPS,SRS,C2EX
(518) 656-9068
dan@daviesrealty.net

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