Bought with Joseph Gunther • CM Fox Real Estate
$370,000
$375,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
423 Hamilton Street Albany, NY 12203
8 Beds
2 Baths
3,484 Sqft Lot
Key Details
Sold Price $370,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 202415805
Sold Date 08/02/24
Bedrooms 8
Full Baths 2
HOA Y/N No
Year Built 1905
Annual Tax Amount $4,097
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Duplex
Source Global MLS
Property Description
This is a turn-key student rental property with strong positive cash flow. Using my sample pro-forma your positive cash flow will over $14,000/yr assuming an 80% mortgage at 8%. Cap rate of 13.0%. Text or email seller for the pro-forma.
The 2-family house on a quiet dead-end street is in excellent condition and needs no repairs or improvements. 4 BRs on the 1st floor ($2,420/mo) leased through May ' 25 and 4BRs on the 2nd floor ($1,770) leased through May of '24. The property was fully renovated in 2011. Includes all appliances (Fridges, ranges, DWs, Micros) with Washer/Dryer in the basement. Roof, boilers (2011), water heaters, electric, plumbing, & appliances are all in great shape and nothing is needed. All renovations and maintenance has been done to a very high level.
Location
State NY
County Albany
Direction Quail to the dead end of Hamilton
Interior
Heating Natural Gas
Flooring Tile, Hardwood
Exterior
Exterior Feature Other
Garage Spaces 1.0
Roof Type Slate
Porch Porch
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Schools
School District Albany
Others
Tax ID 010100 65.69-1-36
Special Listing Condition Standard
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