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.
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.
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.
Property Details
Price:
$375,000
MLS #:
202415805
Status:
Active
Beds:
8
Baths:
2
Address:
423 Hamilton Street
Type:
Single Family
Subtype:
Duplex
City:
Albany
Listed Date:
Apr 24, 2024
State:
NY
ZIP:
12203
Lot Size:
0 acres
Year Built:
1905
Courtesy of Unreal Estate Brokerage LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Global MLS. Detailed information about real estate listings held by brokerage firms other than Canaan Realty include the name of the listing broker. Neither the listing company nor Canaan Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Global MLS. All rights reserved.
423 Hamilton Street
Albany, NY
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Schools
School District:
Albany
High School:
Albany
Interior
Bathrooms
2 Full Bathrooms
Cooling
None
Flooring
Tile, Hardwood
Heating
Natural Gas
Exterior
Architectural Style
Other
Construction Materials
Vinyl Siding
Parking Spots
4
Roof
Slate
Financial
Buyer Agent Compensation
1.40%
Taxes
$4,097
Map
Community
- Address423 Hamilton Street Albany NY
- CityAlbany
- CountyAlbany
- Zip Code12203
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