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.
202415805
Duplex, Multi-Family, Other
8
Albany
2 Full
1905
0.08
Acres
Public
Vinyl siding
Public Sewer
Yes
- 1
space
School Information
Albany
Bathrooms
2
Total:2
Interior Features
- Flooring
- Hardwood, Tile
- Cooling
- None
- Heating
- Gas Heat. .
- Basement
- Full
- Additional Interior Features
- Other
Exterior / Lot Features
- Parking
- 1 Garage Spaces. 4 Parking Spaces.
- Exterior
- Vinyl
- Patio
- Porch
- Roof
- Slate
Financial Considerations
010100 65.69-1-36
$4,097
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