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About the Listing o115A - 6776,7377
Fantastic upside potential in this well maintained 2 family property featuring long term tenants and an on site income producing laundry operation. The lower level includes four coin operated washers and four coin operated dryers, currently offered exclusively to the owner's tenants, including his tenants from his surrounding properties. The laundry fluctuates anywhere from $250-$500 per month in additional income. The two residential units currently rent for $850 and $900 per month, providing immediate cash flow with significant room for growth. Both units are spacious, offering large bedrooms, generous closet space, hardwood flooring, and ceramic tiled bathrooms. The property is located in an area undergoing active redevelopment, with nearby lots being developed into brand new 2- & 3-unit buildings. This presents a strong opportunity to capitalize on the ongoing revitalization of the neighborhood. Fair market rents in ZIP code 12202 is $1,420 per unit, making this an excellent value add investment.
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Baseboard,Natural Gas
- Fireplaces:
- Floor: Carpet,Ceramic Tile,Hardwood
- Above Ground Sq Ft: 1890
- Below Ground Sq Ft: 0
- Basement: Slab
- Other: Ceramic Tile Bath
- Water: Public
Exterior Details
- Lot Description: Level
- Garage Capacity: N/A
- Parking Spaces: 0
- Lot Dimensions: 21.2 X 60
- Roof: Rubber
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $3,958
- Taxes w/Assessments: N/A
- Tax/Property ID: 010100 76.72-2-71
- Tax Year: N/A
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Monthly Payment
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143 Clinton St Albany, NY 12202
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