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540 Western Avenue

Albany, NY 12203
  • $510,000
  • STATUS: Active
  • MLS #: 202215392
Price Reduced
UPDATED: 51 min ago
$510,000
  • 5
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,931
    SQFT
  • $130
    $/SQFT
Type:
Multi-Family
Built:
1901
County:
Area:

School Information

High School:
School District:

Description

Price reduced to sell. Rare opportunity available for purchase. Cash flowing, 5 unit apartment building for sale in the highly desirable Pine Hills neighborhood of Albany, NY. This property has 4 - one bedroom/one bathroom apartments and 1 two bedroom / one bathroom apartments. This property is well maintained and professionally managed. Residents enjoy easy access to some of Albany's finest educational institutions, dining, and shopping. This super desirable location brings with it dependable residents who keep the property fully rented year round and cash flowing. There is room to raise rents and a detached two car garage, and coin operated laundry facility add to the annual income.

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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 2022-10-03T22:12:25.44.
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540 Western Avenue Albany, NY 12203

  • Price: $510,000
  • Status: Active
  • On Site: Days
  • Updated: 51 min ago
  • MLS #: 202215392
5
Beds
0
Baths
0
½ Baths
0.26
Acres
3,931
SQFT
$130
$/SQFT
1901
Built
County:
Albany
Area:
Albany
High School:
Albany
School District:
Albany
Property Description
Price reduced to sell. Rare opportunity available for purchase. Cash flowing, 5 unit apartment building for sale in the highly desirable Pine Hills neighborhood of Albany, NY. This property has 4 - one bedroom/one bathroom apartments and 1 two bedroom / one bathroom apartments. This property is well maintained and professionally managed. Residents enjoy easy access to some of Albany's finest educational institutions, dining, and shopping. This super desirable location brings with it dependable residents who keep the property fully rented year round and cash flowing. There is room to raise rents and a detached two car garage, and coin operated laundry facility add to the annual income.
Exterior Features

Architectural Style Apartment 4 Plus Unit Construction Materials Aluminum Siding Exterior Features None Foundation Details Other Other Structures Garage(S) Parking Features DrivewayGarageOff Street Parking Total 6.00 Patio And Porch Features Front Porch Roof Asphalt Waterfront YN No

Interior Features

Basement Full Cooling None Flooring Wood Heating Natural GasRadiant Multi Family Unit1 Total Bedrooms 1 Multi Family Unit1 Total Full Baths 1 Multi Family Unit1 Total Half Baths 0 Multi Family Unit1 Total Rooms 3 Multi Family Unit2 Total Bedrooms 1 Multi Family Unit2 Total Full Baths 1 Multi Family Unit2 Total Half Baths 0 Multi Family Unit2 Total Rooms 3 Multi Family Unit3 Total Bedrooms 1 Multi Family Unit3 Total Full Baths 1 Multi Family Unit3 Total Half Baths 0 Multi Family Unit3 Total Rooms 3 Multi Family Unit4 Total Bedrooms 1 Multi Family Unit4 Total Full Baths 1 Multi Family Unit4 Total Half Baths 0 Multi Family Unit4 Total Rooms 3 Multi Family Unit5 Total Bedrooms 1 Multi Family Unit5 Total Full Baths 1 Multi Family Unit5 Total Half Baths 0 Multi Family Unit5 Total Rooms 3 Number Of Refrigerators 5 Number Of Stoves 5 Unit1 Includes BathroomKitchenLiving RoomRefrigeratorStove Unit1 Owner Furnish Features HeatHot WaterMaintenance GroundsParkingSnow RemovalWater Unit2 Includes BathroomKitchenLiving RoomRefrigeratorStove Unit2 Owner Furnish Features HeatHot WaterOtherParkingSewerSnow RemovalTrashWater Unit3 Includes BathroomKitchenRefrigeratorStove Unit3 Owner Furnish Features GasHeatMaintenance GroundsParkingSnow RemovalTrashWater Unit4 Includes BathroomKitchenLiving RoomStove Unit4 Owner Furnish Features HeatHot WaterMaintenance GroundsParkingSewerSnow RemovalTrashWater Unit5 Includes BathroomKitchenLiving RoomRefrigeratorStove Unit5 Owner Furnish Features GasHeatMaintenance GroundsParkingSewerSnow RemovalTrashWater

Property Features

Association YN No City Town Taxing Entity Albany Enhanced Accessible YN No General Taxes 4037.00 General Taxes Description Actual Multi Family Unit1 Monthly Rent 850 Multi Family Unit1 Unit Available Leased Multi Family Unit2 Monthly Rent 870 Multi Family Unit2 Unit Available Leased Multi Family Unit3 Monthly Rent 830 Multi Family Unit3 Unit Available Leased Multi Family Unit4 Monthly Rent 800 Multi Family Unit4 Unit Available Leased Multi Family Unit5 Monthly Rent 1195 Multi Family Unit5 Unit Available Leased Net Operating Income 35838.00 Operating Expense 20561.00 Possession At Closing Property Sub Type Multi Family School Taxes 6817.00 School Taxes Description Actual Separate Utilities ElectricGas Sewer Public Sewer Special Listing Conditions Other Tax Annual Amount 11128.18 Tenant Pays Cable TvElectricityGasInternet Total Income 55140.00 Utilities Cable Connected Water Source Public Zoning Multi Residence

Listing information © 2022 Global MLS.
Listing provided courtesy of Daniel Simpson of Cbre Albany: (518) 452-2700.



© 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 2022-10-03T22:12:25.44.
 
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