INVESTMENT OPPORTUNITY TWO 5 UNIT MULTIFAMILY PROPERTIES 10 UNITS 7.
Albany, NY 12208
Listing
| Web ID: | 5719253 |
|---|---|
| Website: | https://www.nestseekers.com/5719253 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Multi-Family |
Financials
Price:$1,250,000
Annual Taxes:$22,704
Description
INVESTMENT OPPORTUNITY – TWO 5-UNIT MULTIFAMILY PROPERTIES | 10 UNITS | 7.5% CAP RATE
Exceptional opportunity to acquire two 5-unit multifamily apartment buildings offering a combined 10 residential units and strong existing income. With a gross annual income of $146,052 and a 7.5% cap rate, this portfolio presents an attractive opportunity for investors looking to expand their holdings with an income-producing multifamily asset.
Sparkill Avenue Property – 6,608 Sq. Ft. | 5 Units
The larger building consists of four spacious two-bedroom apartments and one one-bedroom basement apartment. Tenants pay their own utilities, helping reduce the owner's operating expenses and supporting stronger overall cash flow.
Second Property – 4,209 Sq. Ft. | 5 Units
The second building offers a diversified unit mix consisting of three one-bedroom apartments, one two-bedroom apartment, and one studio apartment, providing rental options that appeal to a broad tenant base.
Together, the properties offer approximately 10,817 square feet, 10 rental units, and an established income stream. The combination of multiple unit sizes, tenant-paid utilities at the Sparkill property, and a 7.5% cap rate makes this an opportunity worth serious consideration for both experienced multifamily investors and buyers looking to grow their real estate portfolio.
10 Units • $146,052 Gross Annual Income • 7.5% Cap Rate • Approximately 10,817 Combined Sq. Ft.
A compelling multifamily investment with immediate income and long-term potential. Add two income-producing properties to your portfolio in one transaction. The other property adress is 287 Mrytle Ave.
Amenities
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Trash Collection Private
- Water Connected
Contact
Listing Courtesy of DiMatteo Realty LLC