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Listing 1 out of 9
$3,890,000 Pending

228 Western Av
Albany, NY 12203

24 units | Multi Family Home
1 acre - MLS# 201912764
Property Photo
1/12

Description

70 BED STUDENT HOUSING INVESTMENT OPPORTUNITY IN THE HEART OF THE PINE HILLS STUDENT RENTAL MARKET. 12 PROPERTIES ALL WITHIN ONE BLOCK. 24 UNITS. 31 PARKING SPACES. 100% OCCUPANCY WITH PERFECT RENTAL HISTORY. FULL YEAR LEASES WITH PARENTAL GUARANTEES. ALL UNITS SEPARATELY METERED. NO DEFERRED MAINTENANCE. SHORT WALK TO COLLEGE OF ST. ROSE, UALBANY, AND BRAND NEW SUNY POLY CAMPUS. 7.74% CAP. ALWAYS RENTED! SOLID INVESTMENT.

Features

  • Property Type: Multi Family Home
  • Sub Type: 3 Family +
  • Listing Status: Pending
  • County/Area: Albany County
  • Zip Code: 12203
  • Year Built: 1940
  • Subdivision/Neighborhood: PINE HILLS
  • School District: Albany
  • Sq.Ft.: 36,000 sq ft
  • Style: Duplex-Over/Under
  • Units: 24 units
  • Basement: Full
  • Lot Size: 1
  • City/Town - Mailing: Albany
  • Condition: Excellent
  • Cooling Type: Window A/C Unit
  • Heat Fuel: Natural Gas
  • Main Road Frontage: 1
  • Nys Assessment: 1
  • Off-Street Parking Spaces: 31
  • Roof: Asphalt Shingle
  • Selling Agent: Rudy Lynch
  • Selling Office: Carrow Real Est Services Llc
  • Sewer: Municipal
  • Unit 1 # Beds: 3
  • Unit 1 # Full Baths: 1
  • Unit 1 # Rooms: 5
  • Unit 1 Location: 1
  • Unit 2 # Beds: 3
  • Unit 2 # Full Baths: 1
  • Unit 2 # Rooms: 5
  • Unit 2 Location: 2
  • Unit 3 # Beds: 3
  • Unit 3 # Full Baths: 1
  • Unit 3 # Rooms: 5
  • Unit 3 Location: 3
  • Water: Municipal
  • Listing Office: Carrow Real Est Services Llc
Courtesy of Carrow Real Est Services Llc

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Mencarelli Realty, LLC | 518-331-1683 | Contact Me
78 Stock Lane - Rensselaer, NY 12144
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