Walking distance from St Rose and SUNY Albany downtown campus. This is a two unit home that has been updated. It is make up of 2 units with three bedroom and one bathroom each apartment. Current rental income is $2550, with opportunity for more. All units have signed leases until June 2023, with great tenants that have never missed a payment. First floor unit has separate electric and gas. Second floor owner covers the electric cost. Monthly Rents: Unit 1: $1275 Unit 2: $1275 Total Monthly Rent: $2,550 Total Annual income: $30,600 Annual Expenses: Taxes: $4665.14 Insurance: $1,297 Trash: $180 Water: 683.94 National Grid: $1380 Potential 3% Vacancy: $918 Potential 3% repairs: $918 Total Annual Expenses: $9596.08 Annual Gains: $21,003.92 Building: - updated bathrooms - washer and dryer in basement - hardwood floors - many newer appliances - newer hot water heaters - newer heating systems - Apartments are rented fully furnished. Furniture would be included in the purchase price. We are doing private showing to per-approval party's that show they have 25% down payment. One of the owners is a real estate agent. Please no calls asking for the listing.
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