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423 Hamilton Street

Albany, NY 12203
  • $375,000
  • STATUS: Active
  • MLS #: 202415805
UPDATED: 64 min ago
$375,000
  • 8
    BEDS
  • 0.08
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1905
County:
Area:

School Information

High School:
School District:

Description

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.

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© 2024 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2024-05-25T12:14:53.12.
www.mccarthysells.com/homes/149861803
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423 Hamilton Street Albany, NY 12203

  • Price: $375,000
  • Status: Active
  • On Site: Days
  • Updated: 64 min ago
  • MLS #: 202415805
8
Beds
2
Baths
0
½ Baths
0.08
Acres
1905
Built
County:
Albany
Area:
Albany
High School:
Albany
School District:
Albany
Property Description
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.
Exterior Features

Architectural Style Other Construction Materials Vinyl Siding Parking Total 4 Patio And Porch Features Porch Roof Slate Waterfront YN No

Interior Features

Basement Full Cooling None Cooling YN No Flooring TileHardwood Heating Natural Gas Heating YN Yes Interior Features Other

Property Features

Association YN No Property Sub Type Duplex Sewer Public Sewer Special Listing Conditions Standard Water Source Public

Listing information © 2024 Global MLS.
Listing provided courtesy of Derek Morgan of Unreal Estate Brokerage LLC: .



© 2024 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2024-05-25T12:14:53.12.
 
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