Multi Family homes for sale & real estate in 12240, NY

Multi Family Home for sale in 12240, NY:

Opportunity awaits at 528 1st Street in Albany! This two-family property offers 2,640 square feet of living space, featuring a total of 6 bedrooms and 2 full bathrooms. Both units generate $750 per month, providing a combined rental income of $1,500 monthly or $18,000 annually. Tenants are responsible for gas and electric, while the owner covers water. Built in 1890, this property presents an excellent opportunity for investors looking to expand their portfolio or add value through improvements. The property could benefit from cosmetic updates, giving the next owner the opportunity to make improvements and potentially increase rental income over time. Whether you're an experienced investor

Multi Family Home for sale in 12240, NY:

Great investment or owner-occupant opportunity! This corner-lot property is currently a legal two-family with potential to convert to a three-family with the addition of a required fire escape . The vacant first floor offers 2 bedrooms, the tenant-occupied second floor has 3 bedrooms, and the third floor features 1 bedroom. An additional lot is included, adding even more possibilities! Property needs some TLC, and the seller is offering a $5,000 credit at closing toward repairs or improvements. Great opportunity to build equity and maximize rental potential. Buyer to verify all requirements for three-unit conversion with the Building Department.

Multi Family Home for sale in 12240, NY:

Charming Albany Brownstone Triplex - Excellent Investment Opportunity! Own a beautiful brownstone triplex in a convenient downtown Albany location! Ideal for investors or owner-occupants, this property features three units, each with its own unique charm, hardwood floors, and eat-in kitchens. Unit 3 is vacant and ready for an owner-occupant or new tenant. Units 1 and 2 are occupied, with the Unit 2 tenant wishing to remain. Recent updates include a newer rubber roof and hot water heaters. All units have separate electric meters and electric heat, with tenants responsible for their own electric costs. Conveniently located on a bus line and near Washington Park, local shops, restaurants, the

Multi Family Home for sale in 12240, NY:

85 South Lake Ave is a unique two-family duplex rowhouse located in one of Albany's best rental corridors - directly on Washington Park. Each apartment has two floors of living space, three bedrooms and two full bathrooms each. The total living space is 2,639 sq. ft. Both units have been renovated and updated. Major improvements include; new water and sewer lines, plumbing, kitchens, updated electrical, new windows, added insulation, newly painted, new exterior stairs, washer and dryer hook-ups, motion senser lighting, new and updated bathrooms. The main roof and furnace are approximately 10 years old. Front porch and kitchen roof are less than two years old. Each unit includes large rooms