Overview
Description
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%.
Property Id: 485561
Price: $ 285,000
Property Size: 1,820 ft2
Property Lot Size: 0 ft2
Bedrooms: 6
Bathrooms: 2
Listing Agent Email: eerunner2001@yahoo.com
Listing Agent: Ellen Evans
Listing Agent Phone: 518-312-7116
Listing Office: Gendron's Property Management
Other Features
Has Heating System
None
$ 1,461.25
per month
- Principal and Interest
- Property Tax
- HOA fee
$ 1,105.00
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