Listing Provided by Keller Williams Capital District Latham
339 1st St, Albany
Great cash flowing property to add to any investor's portfolio. Or owner-occupy and live for free! This up-and-down style 2F is in Albany's West Hill neighborhood. Convenient location to downtown, UAlbany, highways, and multiple parks. Both units have 3 bedrooms, and are currently rented month to month for $900 each. All tenants paid to date. Separate utilities: tenants pay electric, heat, and hot water. Very low expenses here = huge return. See proforma for 12% Cap Rate and 30% cash on cash return. Double lot provides extra comfort and space for parking and play. Roof 9 years old, replacement windows, solid brick foundation. Get in before it's gone.
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