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(c): 518.937.1970
Compass
238 Ontario Street, Albany, NY 12203
- $239,000
- 6
- BD
- 3
- BA
- 2,244
- SqFt
- List Price
- $239,000
- Price Change
- ▼ $10,000 1772577697
- MLS#
- 202610430
- Style
- Traditional
- Bedrooms
- 6
- Bathrooms
- 3
- Subdivision
- Select One
Property Description
Cash-flowing, fully occupied three-unit property located in a prime college rental area. Each unit features a 1-bedroom, 1-bath layout with a strong and consistent rental history spanning the past seven years. The property is currently operating at a 9.37% + cap rate, making it an excellent opportunity for investors seeking reliable income. The basement unit is currently vacant, offering immediate upside potential or flexibility for an owner-occupant. Conveniently located just eight minutes from the nearest bus stop, providing easy access to campus and surrounding amenities. A solid investment opportunity with proven performance in a high-demand rental market. First floor vacant, second floor lease 12/19/24 - 12/29/26, top floor lease 7/1/22 - 6/27/26 Can be packaged with 3-unit 558 Washington Ave or sold separately.
Additional Information
- Taxes
- $6,741
- Acres
- 0.04
- School District
- Albany
- Heating
- Baseboard, Hot Water
- Exterior Features
- None
- Construction
- Vinyl Siding
- Sewer
- Public Sewer
- Water
- Public
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Listing courtesy of listing agent Daniel Odabashian with New Scotland Realty Brokerage, .
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