Great opportunity for Investor or owner occupant, convenient location close to Albany Medical center, Albany Law, 4 bedroom top floor units 3 bedrooms downstairs. Recently renovated kitchen, new floors, new windows, freshly painted. Unit 1 is currently rented at $1,498/month. Unit 2 is currently rented at $1,600/month. Stabilized gross rent is approximately $3,098/month ($37,176/year). Estimated operating expenses are: taxes ($5,473/yr), insurance ($1,600/yr), and water/sewer (~$1,200/yr), for total estimated annual operating expenses of ~$8,273 and estimated NOI of ~$28,903/year (~$2,408/month). Estimated Cap rate is approximately 10.1%.
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Features
Square Feet: 1,820
Town: Albany
Bedrooms: 6
Full Bathrooms: 2
Estimated Taxes: $5,694
Water: Public
Sewer: Public Sewer
Heat: Hot Water, Natural Gas
Garage: 0
Property Style: Traditional
Exterior: Vinyl Siding
Exterior Features: None
Cooling: None
Parking Spaces: 0
Location
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