18 Units-Washington Park / Albany Med Multi-Family FOR SALE


Albany, NY - Park South
$1,990,000 USD
518-337-3705
, Albany, NY for Sale
$1,990,000 USD
Multi-Family - FOR SALE
1/68
null | 7.01% Cap Rate

18 Units-Washington Park / Albany Med
Albany, NY
Park South


HIGHLIGHTS

  • Turnkey 18-Unit Portfolio - $1,990,000 ($110K/Unit)
  • Just steps from Washington Park, Albany Medical Center, and the Empire State Plaza
  • Very well maintained with no deferred maintenance
  • Includes ample off-street parking, a 3-car garage

OVERVIEW

Turnkey 18-Unit Portfolio - $1,990,000 ($110K/Unit) Rare opportunity to own two adjacent, fully occupied multifamily buildings in Albany's desirable Park South neighborhood. 102 & 106 S Lake Ave feature a combined 18 units across ±10,263 SF on ±0.39 acres, just steps from Washington Park, Albany Medical Center, and the Empire State Plaza. Priced at $1.99M with a 7.01% cap rate based on current rents. Properties are very well maintained with no deferred maintenance. Includes ample off-street parking, a 3-car garage, and coin-operated laundry for additional income. Upside potential through rent increases on below-market units and monetizing parking. Strong rental history makes this a perfect fit for investors seeking stable cash flow and long-term growth in a thriving urban location.

ASK ABOUT THIS PROPERTY

Rudy LynchCarrow Real Estate ServicesMore Info
518-337-3705

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Rudy LynchCarrow Real Estate ServicesMore Info
518-337-3705

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