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288 Morton Avenue

Albany, NY 12209

Pending

$299,000

Listing by:
Patrick Hartman
Field Realty
518-229-2348

Highest & Best due by 6pm 3/29 Sunday Well-maintained three-unit property located in the City of Albany, offering strong income potential and owner-occupant flexibility. Total current gross rental income is $2,550/month, with additional upside to $3,450/month when the vacant unit is leased. The first-floor unit features 3 bedrooms and 2 full baths, currently rented at $1,350/month. The second-floor unit offers 2 bedrooms(plus bonus room) and 1 full bath, rented at $1,200/month. The third-floor unit includes 1 bedroom and 1 bath and is currently vacant, with an estimated rental value of $900/month. ROPs are current and up to date. Property is in great condition with hardwood floors throughout and a roof approximately 13 years old. Updated electrical adds to the overall value. Tenants have access to washer and dryer in the basement, off-street parking for up to three vehicles, and a private backyard. Conveniently located just off Delaware Avenue, close to shopping, dining, and public transportation. Directly across from Lincoln Park and tennis courts, and minutes from Albany Medical Center and St. Peter's Hospital. Owner currently pays water, sewer, trash, hot water, and internet. Tenants pay electric, gas, and heat. Property offers views of downtown Albany. Excellent opportunity for investors or owner-occupants seeking immediate income with additional upside.

$299,000
6.0
Bedrooms
4
Bathrooms
2,973
Sq. Ft.
$ 101
$/Sq. Ft.
0.09
Acres
Year Built:
1921
County:
Albany
School District:
Albany
Acres:
0.09
Listing Agent:
Patrick Hartman
Listing Office:
Field Realty
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Features

Square Feet: 2,973
Town: Albany
Bedrooms: 6
Full Bathrooms: 4
Estimated Taxes: $7,277
Water: Public
Sewer: Public Sewer
Heat: Forced Air, Hot Water, Natural Gas
Garage: 0
Property Style: Traditional
Exterior: Vinyl Siding
Exterior Features: None
Parking Spaces: 3

Location



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