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.
Property Type(s):
Multi Family
|
Last Updated
|
4/24/2024
|
Year Built
|
1905
|
|
Garage Spaces
|
1.0
|
County
|
Albany
|
SCHOOLS
Additional Details
| AIR |
None |
| BASEMENT |
Full, Yes |
| BUYER'S BROKERAGE COMPENSATION |
1.40 |
| CONSTRUCTION |
Vinyl Siding |
| GARAGE |
Yes |
| HEAT |
Natural Gas |
| INTERIOR |
Other |
| LOT |
3485 sq ft |
| SEWER |
Public Sewer |
| STYLE |
Other |
| TAXES |
4097 |
| WATER |
Public |
Location
This listing courtesy of Unreal Estate Brokerage LLC
Listing information is deemed reliable, but not guaranteed.
This IDX solution is (c) Diverse Solutions 2024.
Request More Info
Schedule a Showing
Share
Print
Twitter
Facebook
Email