8 John St - Apartments FOR SALE


Rensselaer, NY 12144
$289,000 USD
518-376-2717
8 John St, Rensselaer, NY for Sale
$289,000 USD
Apartments - FOR SALE
1/16
null | 8.1% Cap Rate

8 John St
Rensselaer, NY 12144


HIGHLIGHTS

  • Rents are under market
  • Beautiful views of the city
  • easy highway access

OVERVIEW

Next cash-flowing asset in one of the Capital Region's most strategically positioned cities. 4-unit multifamily in Rensselaer delivers exactly what savvy investors are hunting-a proven rental market, unbeatable proximity to Albany's CBD, state government, and major employment corridors. Low operating costs, a favorable tax structure, & real value-add upside make this a deal that pencils on day 1 & gets better with execution. Rental demand here doesn't slow down - commuters, state workers, and young professionals keep these units filled. Additional income potential on site with existing garage structures. Two parcels price to create immediate equity. This is the kind of entry point that separates serious portfolio builders from the sidelines. Move fast - opportunity like this don't wait!

FOR SALE DETAILS

PRICE

$289,000 USD

PRICE/SF

$113 USD /SF

# OF UNITS

4

PRICE/UNIT

$72,250

CAP RATE

8.1%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 John Street

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1850

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

Commercial Multifamily

APN/PARCEL ID

1400-144.37-9-1

ASK ABOUT THIS PROPERTY

Philip SabatinoHanna Commercial Real EstateMore Info
518-376-2717

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Philip SabatinoHanna Commercial Real EstateMore Info
518-376-2717

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