Address
423 Hamilton Street, Albany, NY
Price
$ 375,000
Property Attributes
- MLS#202415805
- TypeMulti-Family
- CountyALBANY
- CityAlbany
- AreaAlbany
- Zip12203
- Style
- Year Built1905
- Taxes$ 4097
- Price$ 375,000
- Bedrooms8
- Full Bathrooms2
- Half Bathrooms0
- Lot Size3,485 SqFt
Data Source:
Global MLS (GCAR)
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.
| High School |
|---|
| Albany High School |
| Price History | |
|---|---|
| 4/24/2024 | Listed $375,000 |
General Features
| Interior Features | Other |
|---|---|
| Sewer | Public Sewer |
| Heating | Natural Gas |
| Cooling | None |
| Possession | Negotiable |
| Roof | Slate |
| Garage Spaces | 1.0 |
| Patio/Porch Features | Porch |
| Architectural Style | Other |
| Construction Materials | Vinyl Siding |
| Year Built | 1905 |
| Property SubType | Duplex |
| County | Albany |
| New Construction | No |
| Property Type | MultiFamily |
| HOA / Comm Assn | No |
| Status | Active |
| Directions | Quail to the dead end of Hamilton |
| ModificationTimestamp | 2024-04-25T17:41:05Z |
| High School | Albany |
| City | Albany |
| Buyer Agent Compensation | 1.40 |
| View Y/N | No |
| High School District | Albany |
| Lot Size Square Feet | 3484.8 |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | Hamilton |
| Land Lease Y/N | No |
| Tax Annual Amount | 4097.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 23 |
| Standard Status | Active |
| Tax Lot | 36.000 |
| MobileHomeRemainsYN | No |
| Buyer Agent Compensation Type | % |
| PostalCity | Albany |
Interior Features
| Basement | Full |
|---|---|
| Flooring | Tile,Hardwood |
| Basement (Y/N) | No |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Full Baths | 2 |
| Street Suffix | Street |
| Total Bedrooms | 8 |
| Electric On Property Y/N | No |
| Total Baths | 2 |
Exterior Features
| Water Source | Public |
|---|---|
| Total Parking | 4.0 |
| Lot Size Area | 0.08 |
| Spa | No |
| Lot Size Acres | 0.08 |
| Lot Size Units | Acres |
| Crops Included Y/N | No |
| Open Parking Y/N | Yes |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 12203
Price
Taxes
Visits
Year Built
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