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Listed by Pearl W Ha • ADI Real Estate Services LLC
$ 369,000
Est. payment | /mo
6 Beds
2 Baths
1,750 SqFt
$ 369,000
Est. payment | /mo
6 Beds
2 Baths
1,750 SqFt
Open House
Sun Jun 21, 1:00pm - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,750 sqft
Price per Sqft $210
MLS Listing ID 202615320
Bedrooms 6
Full Baths 2
HOA Y/N No
Year Built 1900
Annual Tax Amount $6,303
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Duplex
Source Global MLS
Property Description
Open House Sun Jun 21 - Appointment Required! Please call host 518 698 7074 for an appointment.
A rare find in Albany's Pine Hills: Updated two-unit property that works equally well as a primary home with income offset, or a turnkey cash-flowing investment.
For the Home Buyer
Live in one unit and let your tenant help pay your mortgage. The first-floor unit is rented - that income starts working for you on day one. Your unit has been fully renovated with vinyl plank flooring, a marble-look tiled bathroom with rainfall shower, recessed lighting, in-unit laundry, new windows, and modern finishes throughout. Move in and enjoy -- everything has already been done.
Qualifies for FHA owner-occupied financing.
For the Investor
True turnkey -- no renovation risk, no capital expenditure queue. Both units feature spacious 3-bedroom layouts with the amenity combination renters actually want: off-street parking and in-unit laundry. Existing income in place with room to optimize rents. Projected pro forma cap rate of 10%+. Strong, durable rental demand from UAlbany students, healthcare workers, and state employees keeps vacancy risk low.
The Location
Pine Hills is one of Albany's most consistently occupied rental submarkets -- walkable, well-connected, and minutes from UAlbany, major healthcare campuses, state offices, dining, and transit.
Agent is the Ownerr
A rare find in Albany's Pine Hills: Updated two-unit property that works equally well as a primary home with income offset, or a turnkey cash-flowing investment.
For the Home Buyer
Live in one unit and let your tenant help pay your mortgage. The first-floor unit is rented - that income starts working for you on day one. Your unit has been fully renovated with vinyl plank flooring, a marble-look tiled bathroom with rainfall shower, recessed lighting, in-unit laundry, new windows, and modern finishes throughout. Move in and enjoy -- everything has already been done.
Qualifies for FHA owner-occupied financing.
For the Investor
True turnkey -- no renovation risk, no capital expenditure queue. Both units feature spacious 3-bedroom layouts with the amenity combination renters actually want: off-street parking and in-unit laundry. Existing income in place with room to optimize rents. Projected pro forma cap rate of 10%+. Strong, durable rental demand from UAlbany students, healthcare workers, and state employees keeps vacancy risk low.
The Location
Pine Hills is one of Albany's most consistently occupied rental submarkets -- walkable, well-connected, and minutes from UAlbany, major healthcare campuses, state offices, dining, and transit.
Agent is the Ownerr
Location
State NY
County Albany
Direction Quail St to State
Interior
Heating Baseboard, Forced Air
Flooring Vinyl, Tile
Exterior
Exterior Feature None
Roof Type Asphalt
Building
Sewer Public Sewer
Water Public
Architectural Style Duplex-Over/Under, Other
Schools
School District Albany
Others
Tax ID na
Special Listing Condition Other
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