423 Hamilton Street
Albany,
NY
12203
Property Details
List Price: |
$375,000 |
Beds: |
8 |
Baths: |
2 |
Status: |
Active |
SqFt: |
-- |
Agency: |
HOUSEPAD LLP |
Description/Comments
Lot Size: |
-- |
Property Type: |
Other |
Year Built: |
1905 |
Notes: |
This is a turn-key student rental property with strong positive cash flow. Using my sample pro-forma your positive cash flow will over $14,000/yr assuming an 80% mortgage at 8%. Cap rate of 13.0%. Text or email seller for the pro-forma. <br />
The 2-family house on a quiet dead-end street is in excellent condition and needs no repairs or improvements. 4 BRs on the 1st floor ($2,420/mo) leased through May ' 25 and 4BRs on the 2nd floor ($1,770) leased through May of '24. The property was fully renovated in 2011. Includes all appliances (Fridges, ranges, DWs, Micros) with Washer/Dryer in the basement. Roof, boilers (2011), water heaters, electric, plumbing, & appliances are all in great shape and nothing is needed. All renovations and maintenance has been done to a very high level. |
MlsNumber: |
202415805 |
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Listing Provided By: |
HOUSEPAD LLP, original listing |
Name: |
HOUSEPAD LLP |
Phone: |
(866) 534-3726 |
Office Name: |
Unreal Estate Brokerage LLC |
Office Phone: |
(186) 680-7908 x7 |
Agent Name: |
Derek Morgan |
Disclaimer: |
Copyright © 2024 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |