This two building (287 Myrtle & 34-36 Sparkill Ave ) 10-unit portfolio offers a great opportunity for investors. These units are all in excellent condition, most with new appliances, renovated bathrooms and kitchens. Most units have hardwood floors with the majority having been recently refinished. The buildings are well maintained and offer a secure and high quality living environment. Most units have new windows for heat efficiency, Brand new laundry with 2 new coin operated machines in each building. Excellent long-term tenants and great location walkable to hospitals and schools. Nothing left to do here but collect rent and enjoy an 8.8% cap rate which is almost unheard of in this market.
- Price:
- $1,249,500
- Bedrooms:
- 13
- Full Baths:
- 10
- Acreage:
- 0.14
- Year Built:
- 1929
- Listing ID #:
- 202312044
- Street Address:
- 34 Sparkill Ave
- City:
- Albany
- State:
- New York
- Postal Code:
- 12209
- County:
- Albany
- Listing Status:
- Pending
- Listing Type:
- MultiFamily
- Basement Description:
- Apartment, Full
- Building Condition:
- Updated/Remodeled
- Construction Description:
- Brick, Wood Siding
- Flooring:
- Vinyl, Hardwood
- Patio Description:
- Front Porch
- Style:
- 2 Story
- Type Of Roof:
- Flat, Asphalt
- Year Built:
- 1929
- Lot Square Footage:
- 6098.4
- Days On Market:
- 108
- On Market Date:
- 2023-02-16
- Originating Mls:
- Global Mls
- Property Taxes:
- $16,564
- Property Taxes:
- 16564
- Parking Description:
- Driveway, Garage
- Parking Spaces:
- 8
- Existing Water:
- Public
- Heating:
- Baseboard, Hot Water, Natural Gas
- 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 Jennifer L Karam with Howard Hanna
