Incredible opportunity to own 15 units with potential to value add a 16th unit in one of the buildings close to downtown and the Capital. Nine units are 2B/1BA and the remaining six are 1BD/1BA. Walking distance to bus stop, street parking is never an issue, and the property includes ample parking in the back. All ROPs up to date including sprinkler inspection. Many units vacant (12) and walkable with ample opportunity for new owner to raise rents and upside potential of 11% cap and 20% cash on cash return. Make your mark in the Capital Region with this new asset today!
- Price:
- $950,000
- Bedrooms:
- 15
- Full Baths:
- 15
- Square Footage:
- 11,750
- Acreage:
- 0.20
- Year Built:
- 1880
- Listing ID #:
- 202230462
- Street Address:
- 16-22 Trinity Place
- City:
- Albany
- State:
- New York
- Postal Code:
- 12202
- County:
- Albany
- Listing Status:
- Pending
- Listing Type:
- MultiFamily
- Approximate Total Liveable Area:
- 11750
- Basement Description:
- Apartment
- Finished Above Ground Square Footage:
- 11750
- Flooring:
- Vinyl
- Foundation:
- Brick/Mortar
- Style:
- Apartment 4 Plus Unit
- Type Of Roof:
- Flat
- Year Built:
- 1880
- Lot Square Footage:
- 8712
- Days On Market:
- 118
- On Market Date:
- 2022-11-23
- Originating Mls:
- Global Mls
- Price Per Square Foot:
- 80.85
- Property Taxes:
- 24436
- Tenant Pays:
- Hot Water, Heat, Electricity
- Fence:
- Vinyl
- Parking Spaces:
- 10
- Existing Water:
- Public
- Heating:
- Electric, Baseboard
- Sewage Type:
- Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided by Samantha M Curry with New Scotland Realty
