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423 HAMILTON ST ALBANY, NY 12203
- Townhouse or Condo / Resale (MLS)
Property Details for 423 HAMILTON ST, ALBANY, NY 12203
Features
- Lot Size: 3500 sq. ft.
- Total Rooms: 7
- Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Bathroom 2
- Stories: 200
- Heating: 10
- Exterior Walls: Wood
Facts
- Year Built: 01/01/1910
- Property ID: 877720530
- MLS Number: 202415805
- Parcel Number: 010100 65.69-1-36
- Property Type: Townhouse or Condo
- County: ALBANY
- Legal Description: 2 1/2 WOOD & 1 CAR CON GAR 1305607
- Zoning: R4
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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. nThe 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.
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Property Brokerage:
HOUSEPAD LLP
175 Varick Street
New York
NY
10014
Copyright © 2024 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.