113 S Lake Ave - Apartments FOR SALE


Albany, NY 12208- Park South
$549,000 USD
518-764-2180
113 S Lake Ave, Albany, NY for Sale
$549,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

113 S Lake Ave
Albany, NY 12208
Park South


OVERVIEW

Proudly Family Owned since 1982 & nestled in the heart of Albany, 113 S Lake Avenue is a well maintained four unit property offering 'Old Charm' & excellent long term investment potential. The spacious first floor apartment features 2 bedrooms & 1 1/2 baths ideal for an owner occupant or a premium rental. The upper levels include 3 additional one bedroom, one bathroom apartments, each thoughtfully maintained & consistently rented. Tenants pay their own heat & electric keeping operating costs low & management simple. Outside, a freshly paced driveway & parking lot provide exclusive off street parking for 8+ vehicles, a rare find for this desirable location. Conveniently situated near major hospitals, medical colleges & city amenities, this property attracts steady demand & thus, boasts a long track record of reliable tenants & consistent income. Call now!

FOR SALE DETAILS

PRICE

$549,000 USD

PRICE/SF

$146 USD /SF

# OF UNITS

4

PRICE/UNIT

$137,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R2A

APN/PARCEL ID

010100-065-077-0002-019-000-0000

ASK ABOUT THIS PROPERTY

Robert BradleyMiuccio Real Estate GroupMore Info
518-764-2180

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Robert BradleyMiuccio Real Estate GroupMore Info
518-764-2180

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.