REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by David L White • Owner Entry.com
$ 449,000
Est. payment /mo
New
85 S Lake Avenue Albany, NY 12203
6 Beds
4 Baths
2,036 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,036 sqft
Price per Sqft $220
MLS Listing ID 202628433
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1897
Annual Tax Amount $5,698
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Duplex
Source Global MLS
Property Description
85 South Lake Ave is a unique two-family duplex rowhouse located in one of Albany's best rental corridors - directly on Washington Park. Each apartment has two floors of living space, three bedrooms and two full bathrooms each. The total living space is 2,639 sq. ft. Both units have been renovated and updated. Major improvements include; new water and sewer lines, plumbing, kitchens, updated electrical, new windows, added insulation, newly painted, new exterior stairs, washer and dryer hook-ups, motion senser lighting, new and updated bathrooms. The main roof and furnace are approximately 10 years old. Front porch and kitchen roof are less than two years old. Each unit includes large rooms and closets, comfortable living spaces, ample natural light and functional layouts. The utilities are not split and have never been a cost or convenience issue. The building is incredibly efficient, being a row house with new insulation and windows. This building is a great turn-key investment opportunity - ready to rent or for owner occupied. Gross annual rental revenue is over $51,000. Both units are currently vacant due to renovation, creating the rare opportunity for the owner to place their own tenants at current market rates to maximize cash flow. The prime location makes renting easy - 98% occupancy rate over the last 30 years. On-street parking is readily available at all hours - most of the row houses have off-street parking. Off-street parking is possible with City of Albany approval.
Location
State NY
County Albany
Direction on S Lake Ave, just off of Rte 20
Interior
Heating Hot Water, Zoned
Fireplaces Number 1
Fireplace Yes
Exterior
Exterior Feature Other
Roof Type Rubber,Shingle,Asphalt,Fiberglass
Porch Porch
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Schools
School District Albany
Others
Tax ID 010100 65.70-2-32
Special Listing Condition Standard
Virtual Tour https://app.doaudiotours.com/unbranded?id=32900&lang=en-US
