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39 Exchange Street

Albany, NY 12205

Active

$275,000

Listing by:
Donna C Kelly
Find Advisors
518-368-4959

Investor's Dream: Low-stress management, high-demand updates, and strong, verifiable cash flow make this property a mandatory addition to any serious portfolio. Don't miss this rare chance to acquire a true turnkey asset!------ Unlock immediate cash flow with this exceptional, low-maintenance investment opportunity! This meticulously updated single-family residence is primed for passive income and positioned for long-term appreciation, offering two distinct income streams and a compelling proforma (see attached). --------- Dual Income Advantage: Generating $3,200/month in gross income from two separate, secure leases. House Lease: $1,700/month, secured until July 31, 2026. Garage Lease: $1,500/month, secured until December 31, 2025 --------- Tenant-Occupied & Rented: Immediate rental income from day one. --------------- Fully Updated & Modernized: Minimizes near-term capital expenditures. The house features a desirable open-concept layout, premium granite countertops, new flooring/carpet, updated laundry facilities, and a brand-new Sub-Zero Mini-Split heating/cooling system for efficiency and tenant comfort. Premium Detached Asset: The oversized 3-Car Heated Garage is a unique, high-demand feature in the rental market, commanding a premium lease rate and attracting a professional/commercial tenant base (contractor, storage, hobbyist, etc.). ------- THE NUMBERS SPEAK FOR THEMSELVES! Review the attached Proforma Sheet for detailed income, expense, and projected cap rate analysis.

$275,000
2.0
Bedrooms
1
Bathroom
1,200
Sq. Ft.
$ 229
$/Sq. Ft.
0.19
Acres
Year Built:
1880
County:
Albany
School District:
South Colonie
Acres:
0.19
Listing Agent:
Donna C Kelly
Listing Office:
Find Advisors
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Features

Square Feet: 1,200
Town: Albany
Bedrooms: 2
Full Bathrooms: 1
Estimated Taxes: $3,714
Water: Public
Sewer: Public Sewer
Heat: Ductless
Garage: 3
Property Style: Old Style
Exterior: Vinyl Siding
Exterior Features: None
Cooling: Ductless
Parking Spaces: 4

Location



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