83 Beaver St - Apartments FOR SALE


$1,599,999 USD
203-910-3314
83 Beaver St, Albany, NY for Sale
$1,599,999 USD
Apartments - FOR SALE
1/65
null | 8.7% Cap Rate


HIGHLIGHTS

  • Fully remodeled (2013), charming, spacious 9-unit building walkable to everything.
  • 8.7% current cap rate with a proforma cap rate of 9.1% by mid-2027.
  • Assumable financing at 3.7%
  • Seven 2bed/2ba, one 2bed/1ba, and one 1bed/1ba. Average unit size is 1,200 SF.
  • Tenants pay electric, gas, and cable; the owner pays trash, water, and sewer.
  • There are in-unit washers and dryers, central air, and 9 total parking spaces (5 garage spots and 4 outdoor spots).

OVERVIEW

Fully remodeled (2013), charming, spacious 9-unit building walkable to everything. 8.7% current cap rate with a proforma cap rate of 9.1% by mid-2027. Assumable financing at 3.7%. Seven 2bed/2ba, one 2bed/1ba, and one 1bed/1ba. Average unit size is 1,200 SF. Tenants pay electric, gas, and cable; the owner pays trash, water, and sewer. There are in-unit washers and dryers, central air, and 9 total parking spaces (5 garage spots and 4 outdoor spots).

FOR SALE DETAILS

PRICE

$1,599,999 USD

PRICE/SF

$76 USD /SF

# OF UNITS

9

PRICE/UNIT

$177,778

CAP RATE

8.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beaver Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,802 SF

ZONING

C-3

APN/PARCEL ID

010100-076-042-0001-020-000-0000

ASK ABOUT THIS PROPERTY

Connor DunnNew Scotland Development CompaniesMore Info
203-910-3314

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Connor DunnNew Scotland Development CompaniesMore Info
203-910-3314

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