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About the Listing o115A - 6776
Well-maintained brick two-family featuring long-term tenants and a recently painted exterior. This property offers excellent income stability with significant upside potential. With town approval and renovations, the building offers the possibility of updating the existing 3rd unit (buyer to perform due diligence) or simply add space to flow from the 1st floor down into the basement for a bi-level unit. The basement is sheet-rocked and includes a framed kitchen (with gas already in place for the stove), living room, bedroom & full bathroom. The is a very strong value-add potential. Current rents are $900 and $900 per month, well below 2026 Fair Market Rent estimates of $1,420/month for a two-bedroom in this zip code, presenting a compelling opportunity for future rent growth. Additional features include coin-operated laundry in the basement, hardwood floors, skylight, gas stoves, dishwashers, private back decks, and a fenced backyard. An ideal investment for both seasoned and first-time investors seeking steady income with long-term upside. Separate utilities, hot air heating systems, and updated electrical add to the property's appeal. ROP's, tax bills, PCD and rent roll are all attached to the MLS or available upon request.
Interior Details
- Bedrooms: 4
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor: Wood,Carpet
- Above Ground Sq Ft: 1750
- Below Ground Sq Ft: 875
- Basement: Apartment,Partial,Sump Pump,Walk-Out Access
- Other:
- Water: Public
Exterior Details
- Lot Description: Level,Road Frontage,Cleared
- Garage Capacity: N/A
- Lot Dimensions: 25 x 100
- Roof: Rubber
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $3,677
- Taxes w/Assessments: N/A
- Tax/Property ID: 010100 76.64-2-67
- Tax Year: N/A
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101 3rd Ave Albany, NY 12202
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