Basics
- Date added: Added 6 days ago
- MLS ID: 202527323
- List Office Name: Find Advisors
- List Agent Email: DKelly@FindRealEstate.com
- List Agent Office Phone: 518-368-4959
- Days On Market: 6
- County: Albany
- Living Area sqft: 1200
- Lot Size Acres: 0.19 acres
- Category: Residential
- Type: Single Family Residence
- Status: Active
- Total Rooms: 6
- Bedrooms: 2
- Bathrooms: 1
- Half baths: 0
- Year built: 1880
Description
-
Description:
Investor's Dream: Low-stress management, high-demand updates, and strong, verifiable cash flow make this property a mandatory addition to any serious portfolio. Don't miss this rare chance to acquire a true turnkey asset!------
Unlock immediate cash flow with this exceptional, low-maintenance investment opportunity! This meticulously updated single-family residence is primed for passive income and positioned for long-term appreciation, offering two distinct income streams and a compelling proforma (see attached).
---------
Dual Income Advantage: Generating $3,200/month in gross income from two separate, secure leases.House Lease: $1,700/month, secured until July 31, 2026.
Garage Lease: $1,500/month, secured until December 31, 2025
---------
Tenant-Occupied & Rented: Immediate rental income from day one. ---------------Fully Updated & Modernized: Minimizes near-term capital expenditures. The house features a desirable open-concept layout, premium granite countertops, new flooring/carpet, updated laundry facilities, and a brand-new Sub-Zero Mini-Split heating/cooling system for efficiency and tenant comfort.
Premium Detached Asset: The oversized 3-Car Heated Garage is a unique, high-demand feature in the rental market, commanding a premium lease rate and attracting a professional/commercial tenant base (contractor, storage, hobbyist, etc.).
Show all description
-------
THE NUMBERS SPEAK FOR THEMSELVES! Review the attached Proforma Sheet for detailed income, expense, and projected cap rate analysis.
Directions
- Directions: route 90 to exit 5, Everett Road, take a right on to Exchange street house is on the left.
Building Details
- Construction Materials: Vinyl Siding
- Garage Spaces: 3
- Basement: Slab
- Property Condition: Updated/Remodeled
- Architectural Style: Old Style
Interior Features
Exterior Features
- Parking: Detached, Driveway, Heated Garage, Paved
- Exterior Features: None
- Lot Size Units: Acres
- Lot Size Area: 0.19
Amenities & Features
- Sewer: Public Sewer
- Water: Public
Financial
- Possession: At Closing
- Special Listing Conditions: Standard
- Tax Annual Amount: $3,713.62
School Information
- High School: Colonie Central HS
- High School District: South Colonie