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339 1ST Street

Albany, NY 12206
  • $115,900
  • STATUS: Active
  • MLS #: 202132231
UPDATED: 64 min ago
$115,900
  • 6
    BEDS
  • 0.06
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,400
    SQFT
  • $83
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:
Area:

School Information

High School:
School District:

Description

Great cash flowing property to add to any investor's portfolio. Or owner-occupy and live for free! This up-and-down style 2F is in Albany's West Hill neighborhood. Convenient location to downtown, UAlbany, highways, and multiple parks. Both units have 3 bedrooms, and are currently rented month to month for $900 each. All tenants paid to date. Separate utilities: tenants pay electric, heat, and hot water. Very low expenses here = huge return. See proforma for 12% Cap Rate and 30% cash on cash return. Double lot provides extra comfort and space for parking and play. Roof 9 years old, replacement windows, solid brick foundation. Get in before it's gone.

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© 2022 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2022-01-17T22:11:55.737.
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339 1ST Street Albany, NY 12206

  • Price: $115,900
  • Status: Active
  • On Site: Days
  • Updated: 64 min ago
  • MLS #: 202132231
6
Beds
2
Baths
0
½ Baths
0.06
Acres
1,400
SQFT
$83
$/SQFT
1925
Built
Neighborhood:
West Hill
County:
Albany
Area:
Albany
High School:
Albany
School District:
Albany
Property Description
Great cash flowing property to add to any investor's portfolio. Or owner-occupy and live for free! This up-and-down style 2F is in Albany's West Hill neighborhood. Convenient location to downtown, UAlbany, highways, and multiple parks. Both units have 3 bedrooms, and are currently rented month to month for $900 each. All tenants paid to date. Separate utilities: tenants pay electric, heat, and hot water. Very low expenses here = huge return. See proforma for 12% Cap Rate and 30% cash on cash return. Double lot provides extra comfort and space for parking and play. Roof 9 years old, replacement windows, solid brick foundation. Get in before it's gone.
Exterior Features

Architectural Style Duplex-Over/Under Construction Materials Vinyl Siding Exterior Features Other Fencing Fenced Foundation Details Brick/Mortar Lot Features ClearedLevelOtherSee Remarks Lot Size Dimensions 2508 Main Road Frontage 22.00 Model Up And Dow Parking Features Off Street Parking Total 4.00 Roof Rubber View City Waterfront Features None Waterfront YN No Window Features Double Pane Windows

Interior Features

Attic Features No Attic Access Basement FullUnfinished Below Grade Finished Area 0.00 Cooling Wall Unit(S) Flooring Laminate Heating BaseboardElectric Multi Family Unit1 Total Bedrooms 3 Multi Family Unit1 Total Full Baths 1 Multi Family Unit1 Total Half Baths 0 Multi Family Unit1 Total Rooms 5 Multi Family Unit2 Total Bedrooms 3 Multi Family Unit2 Total Full Baths 1 Multi Family Unit2 Total Half Baths 0 Multi Family Unit2 Total Rooms 5 Unit1 Includes BathroomKitchenLiving RoomRefrigeratorStove Unit1 Owner Furnish Features SewerSnow RemovalTrashWater Unit2 Includes BathroomKitchenLiving RoomRefrigeratorStove Unit2 Owner Furnish Features SewerSnow RemovalTrashWater

Property Features

Association YN No City Town Taxing Entity Albany Electric Expense 0.00 Enhanced Accessible YN No Gas Expense 0.00 General Taxes 823.00 General Taxes Description Estimated Multi Family Unit1 Lease Term Month To Month Multi Family Unit1 Monthly Rent 900 Multi Family Unit1 Unit Available 30 Days Multi Family Unit2 Lease Term Month To Month Multi Family Unit2 Monthly Rent 900 Multi Family Unit2 Unit Available 30 Days Net Operating Income 13852.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Oil Expense 0.00 Possession At Closing Property Sub Type Multi Family School Taxes 1043.00 School Taxes Description Actual Separate Utilities ElectricGasHeatWater Heater Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 1866.00 Tenant Pays ElectricityGasHeatHot WaterInternet Total Income 21600.00 Utilities Cable Available Water Sewer Expense 0.00 Water Source Public

Listing information © 2022 Global MLS.
Listing provided courtesy of Adam P Nye of Keller Williams Capital Dist:(518) 724-5800.



© 2022 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2022-01-17T22:11:55.737.
 
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