54 Westerlo Street ## 22 Albany, NY 12202
2 Beds
1 Bath
810 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 810 sqft
Price per Sqft $167
MLS Listing ID 202624554
Bedrooms 2
Full Baths 1
HOA Fees $220/mo
HOA Y/N Yes
Year Built 1903
Annual Tax Amount $2,198
Property Sub-Type Condominium
Source Global MLS
Property Description
Recent updates include new flooring throughout the living room, hallway and both bedrooms, new windows in the primary bedroom, updated kitchen lighting, a new refrigerator, oven and faucet, and fresh paint in the common area. The unit also features an in-unit washer and dryer and two parking spaces.
For investors, the property offers approximately $19,200 in scheduled annual rental income at the current lease rate, making it an attractive addition to an existing rental portfolio. DSCR, portfolio and other investment financing may be available, subject to lender guidelines and buyer qualifications.
The location provides convenient access to Downtown Albany, Empire State Plaza, MVP Arena, restaurants, shops, entertainment, government offices and major roadways. The 2-bedroom layout, parking and updated condition also provide strong appeal for a future owner-occupant once the current lease expires.
A solid opportunity to acquire an occupied, income-producing Albany condo with established rental income and recent improvements, while retaining the flexibility to make it a future home.
Location
State NY
County Albany
Direction Take Madison Avenue south toward the South End. Turn onto Green Street. Turn onto Westerlo Street. Continue to 54 Westerlo Street; unit #21 is in that building.
Interior
Heating Baseboard, Natural Gas
Flooring Laminate
Fireplace No
Exterior
Exterior Feature Tennis Court(s)
Parking Features Off Street
Garage Spaces 2.0
Roof Type Rubber
Building
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Albany
Others
Tax ID 010100 76.58-1-42.-22
Special Listing Condition Standard
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