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Listed by Ellen Evans • Gendron's Property Management
$285,000
Est. payment /mo
6 Beds
2 Baths
1,820 SqFt
Active
431 Morris Street Albany, NY 12208
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,820 sqft
Price per Sqft $156
MLS Listing ID 202612862
Bedrooms 6
Full Baths 2
HOA Y/N No
Year Built 1900
Annual Tax Amount $5,694
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Duplex
Source Global MLS
Property Description
Great opportunity for Investor or owner occupant, convenient location close to Albany Medical center, Albany Law, 4 bedroom top floor units 3 bedrooms downstairs. Recently renovated kitchen, new floors, new windows, freshly painted. Unit 1 is currently rented at $1,498/month. Unit 2 is currently rented at $1,600/month. Stabilized gross rent is approximately $3,098/month ($37,176/year). Estimated operating expenses are: taxes ($5,473/yr), insurance ($1,600/yr), and water/sewer (~$1,200/yr), for total estimated annual operating expenses of ~$8,273 and estimated NOI of ~$28,903/year (~$2,408/month). Estimated Cap rate is approximately 10.1%.
Location
State NY
County Albany
Direction Off Madison avenue, west to left on Quail right on Morris
Interior
Heating Hot Water, Natural Gas
Flooring Vinyl
Exterior
Exterior Feature None
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Albany
Others
Tax ID 010100 65.69-3-21
Special Listing Condition Standard
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