506-508 3rd Street, Albany, NY 12206

$229,900
4
BD
4
BA
3,128
SqFt
List Price
$229,900
MLS#
202329006
Bedrooms
4
Bathrooms
4

Property Description

Wonderful opportunity to own a 4-family (2 duplexes) in Albany! This income producing multi-unit has owner-occupancy potential. 2 recently remodeled units w/ new appliances and flooring have estimated rents of $850/mo. each. Another is currently rented w/ a long-term tenant at $715/mo. Additional unit estimated at $715/mo. Total potential rental income of $37,560/year ($3,130/month)! This property boasts rear decks that are under 10 yrs old, energy efficient windows, 4 hot water heaters, and 1 boiler w/ each unit having a preset thermostat. Tenants pay separate electric and hot water (owner furnishes heat). All units have yard access. Property is zoned R-2 District and has a full basement w/ multiple potential uses. Conveniently located near bus line and local park. A must see!

Additional Information

Taxes
$3,776
Acres
0.06
Lot Dimensions
2550 sqft
Lot Description
Level
School District
Albany
Interior Features
Paddle Fan, High Speed Internet
Heating
Baseboard, Hot Water, Natural Gas
Cooling
None
Exterior Features
None
Construction
Aluminum Siding
Sewer
Public Sewer
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of listing agent Jonathan Holland with PMI Capital District Brokerage, .

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