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Listed by Qiu Qin Zheng • Gilcrest Properties
$469,000
Est. payment /mo
9 Beds
3 Baths
3,699 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,699 sqft
Price per Sqft $126
MLS Listing ID 202629205
Bedrooms 9
Full Baths 3
HOA Y/N No
Year Built 1925
Annual Tax Amount $8,504
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type Triplex
Source Global MLS
Property Description
Investors and owner-occupants — don't miss this beautifully renovated 3-family in Albany's Delaware Avenue neighborhood! With 3,699 sq ft, this 9-bedroom, 3-bath home offers three spacious units (3 bed / 1 bath each), ALL renovated within the past 2-3 years — truly turnkey with minimal deferred maintenance. The 1st and 3rd floors are rented at $1,500/month each, and the 2nd floor is VACANT and ready for you to move right in: live in one unit and let the other two help pay your mortgage, or lease it out at an estimated $1,600-$1,700/month. Gross potential rent of $55,200-$56,400/year with a pro forma NOI of approx. $41,900-$43,100 (approx. 8.9%-9.2% cap rate at list price). Prime location just off Delaware Ave: steps to Lincoln Park — home to the newly renovated $25M Lincoln Park Pool (free for Albany residents), plus tennis and basketball courts, ball fields and playgrounds; approx. 1 mile to Albany Medical Center, and close to Albany College of Pharmacy, Albany Law School and Sage College; minutes to downtown Albany, Empire State Plaza and I-787. Walk Score 78 — Very Walkable and on the CDTA bus line. Strong income today with room to grow — schedule your showing today!
Location
State NY
County Albany
Direction Delaware to 1st block of Morton
Interior
Heating Forced Air, Natural Gas
Flooring Hardwood, Laminate
Exterior
Exterior Feature None, Garden
Roof Type Flat,Rubber
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
New Construction No
Schools
School District Albany
Others
Tax ID 010100 76.47-2-9
Special Listing Condition Standard
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