335 1st Street, Albany, NY 12206

$170,000
4
BD
2
BA
1,800
SqFt

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List Price
$170,000
MLS#
202629755
Style
Traditional
Bedrooms
4
Bathrooms
2

Property Description

Excellent Investment Opportunity - Two-Unit Property with a cap rate of 8.18% just off one unit. Don't miss this opportunity to own an income-producing two-unit property with additional upside potential! This property features a long-term tenant currently paying $1,826 per month, with a scheduled rent increase to $1,981 effective January 1, 2027. Recent improvements include a NEW ROOF, NEW SIDING, and NEW HOT WATER TANKS! The second unit is currently vacant and ready for its next owner. Whether you're looking to owner-occupy while collecting rental income from the other unit or lease the vacant apartment to maximize your investment returns, the possibilities are there. INVESTORS TAKE NOTICE! This property offers a current cap rate of 8.18%, with the potential to increase to 9.28% effective January 1, 2027, just off of the one occupied unit. Showing are restricted to M, W, F & Saturdays from 10am -7pm.

Additional Information

Taxes
$2,786
Acres
0.06
Lot Description
Level
School District
Albany
Heating
Other, Hot Water
Cooling
None
Exterior Features
None
Construction
Aluminum Siding
Sewer
Public Sewer
Water
Public

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Listing courtesy of listing agent Shania Holt with Find Advisors Brokerage, 518-956-0208.

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