Property Description

8.62 CAP RATE. TOTALLY OCCUPIED 7 UNIT. Rents are 1,300, 1,200, 1,050, 1,050, 1,127, 1,017 & basement is 900. Great tenants, enjoy the ease of collecting rents. Easy to take care off with 6 one-bedroom apartments and one studio (max capacity of tenants is low).Owner might offer some seller financing with a good offer & significant deposit. Solid stone structure/ very well maintained. 7 unit in a highly desirable neighborhood. Features include hardwood floors, coin-operated laundry, high efficiency boiler, some long-term tenants and much more. The rubber roof was freshly sealed last year.Located in Center square, which IS the heartbeat of Albany, just a short stroll to the home of the LarkFEST on Lark St., the Capitol of NYS, the Empire State Plaza, legislative offices, colleges, shopping centers/grocery stores, restaurants, coffee shops, antique shops, the popular Washington park (with pond & walking trails), fitness arenas and much more. Easy to travel locally or travel out of the area with direct access to public transportation and major highways. The Annual income & expenses, rent roll, ROPs, Sprinkler inspection, etc is under documents or available upon request.

Property Features

Local Schools