$580,000
SOLD DEC 30, 2024
13 Beds
12 Baths
6,032 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$96 Per Sq Ft

3% Below List Price

4 Days on Market

Highlights

  • Wood Flooring
  • Chair Railings
  • Electric Baseboard Heater
  • No HOA
  • Bathroom on Main Level
  • Space Heater

About This Home

As of December 2024

Amazing investment opportunity in the City of Albany to own a 12-unit apartment complex. Featuring (9) one-bedroom apts, (2) studio apts and (1) two bedroom apt. Previously rent was approx. $88k/year with vacancies. Projected rent after renovations approx. $140k/year. Solid building with taxes $8k, insurance currently $3,072/year, water, sewer & trash approx. $2,500/year. All units have separate meters & utilities. Sold as-is, cash or hard money only!

Last Agent to Sell the Property

Marisa Moffatt

The Moffatt Group, Inc License #10311208854 Listed on: 11/06/2024

Last Buyer's Agent

Stephen McCormick

Empire Real Estate Managment LLC License #10401377236

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,000

Year Built

  • Built in 1836

Lot Details

  • 2,614 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 6,032 Sq Ft Home
  • Chair Railings
  • Crown Molding
  • Living Room with Fireplace
  • Unfinished Basement
  • Exterior Basement Entry

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 13 Bedrooms
  • Bathroom on Main Level
  • 12 Full Bathrooms

Schools

  • Albany High School

Utilities

  • Space Heater
  • Heating System Uses Natural Gas
  • Electric Baseboard Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for heat, internet, cable TV, electricity, gas
  • Assessor Parcel Number 010100 65.63-1-13

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • Insurance Expense $3,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,000

Year Built

Built in 1836

Lot Details

0

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: 5+ Units
  • Year Built: 1836
  • Directions: Clinton Ave to Robin St
  • Above Grade Finished Sq Ft: 6032.0
  • Architectural Style: Apartment 4 Plus Unit
  • Financial Details General Taxes: 3362.0
  • General Taxes Description: Actual
  • Financial Details School Taxes: 8336.0
  • School Taxes Description: Actual
  • Lot Size Acres: 0.06
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Insurance Expense Description: Estimated
  • Water Sewer Expense Description: Estimated
  • Rental Income: 144000.0
  • Rental Income Description: Yearly
  • Flooring:Hardwood: Yes
  • Flooring:Vinyl: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Hardwood
  • Basement: Exterior Entry, Unfinished
  • Interior Amenities: Chair Rail, Crown Molding
  • Full Bathrooms: 12
  • Total Bedrooms: 13
  • Fireplace Features: Living Room
  • Living Area: 6032.0
  • Bathroom Levels Full Bathroom 1: 1st
  • Bathroom Levels Full Bathroom 10: 2nd
  • Bathroom Levels Full Bathroom 2: 1st
  • Bathroom Levels Full Bathroom 3: 1st
  • Bathroom Levels Full Bathroom 4: 1st
  • Bathroom Levels Full Bathroom 5: 1st
  • Bathroom Levels Full Bathroom 6: 2nd
  • Bathroom Levels Full Bathroom 7: 2nd
  • Bathroom Levels Full Bathroom 8: 2nd
  • Bathroom Levels Full Bathroom 9: 2nd
  • Fireplace: Yes
  • Fireplace Features:Living Room: Yes
  • Basement:Exterior Entry: Yes
  • Interior Features:Chair Rail: Yes
  • Interior Features:Crown Molding: Yes
  • Basement:Unfinished: Yes
  • Unit 1 Owner Furnish Features:Sewer3: Yes
  • Unit 1 Owner Furnish Features:Hot Water4: Yes
  • Unit 1 Owner Furnish Features:Trash2: Yes

Exterior Features

  • Exterior Features: None
  • Construction Type: Brick
  • Waterfront: No
  • Exterior Features:None37: Yes
  • Construction Materials:Brick: Yes

Garage/Parking

  • Open Parking: No
  • Property Detail:Parking YN: No

Utilities

  • Utilities: Cable Available
  • Sewer: Public Sewer
  • Heating: Electric, Space Heater, Natural Gas
  • Water Source: Public
  • Heating Yn: Yes
  • Heating:Electric: Yes
  • Heating:Natural Gas2: Yes
  • Heating:Space Heater: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Parcel Tax HOA:Association YN: No

Fee Information

  • Annual Water Sewer Expense: 2500.0

Schools

  • Junior High Dist: Albany

Lot Info

  • Parcel #: 010100 65.63-1-13
  • Lot Size Sq Ft: 2613.6
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Heat, Internet, Cable TV, Electricity, Gas

Multi Family

  • Insurance Expense: 3000.0
  • Number Of Units Total: 12

Tax Info

  • Tax Annual Amount: 10000.0

MLS Schools

  • HighSchool: Albany

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2024 12/30/24 Sold $580,000 -3.3% $96 / Sq Ft
11/10/2024 11/10/24 Pending -- -- --
11/06/2024 11/06/24 For Sale $599,900 +37.9% $99 / Sq Ft
10/19/2022 10/19/22 Sold $435,000 -24.3% $72 / Sq Ft View Prior Sale
08/19/2022 08/19/22 Pending -- -- --
08/08/2022 08/08/22 Price Changed $575,000 -3.4% $95 / Sq Ft
06/20/2022 06/20/22 For Sale $595,000 0.0% $99 / Sq Ft
06/20/2022 06/20/22 Price Changed $595,000 -7.0% $99 / Sq Ft
04/25/2022 04/25/22 Pending -- -- --
04/18/2022 04/18/22 For Sale $640,000 0.0% $106 / Sq Ft
04/18/2022 04/18/22 Price Changed $640,000 -7.2% $106 / Sq Ft
03/22/2022 03/22/22 Pending -- -- --
03/12/2022 03/12/22 For Sale $690,000 0.0% $114 / Sq Ft
02/18/2022 02/18/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $690,000 +38.1% $114 / Sq Ft
06/04/2021 06/04/21 Sold $499,500 +3.0% $165 / Sq Ft View Prior Sale
04/13/2021 04/13/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $485,000 +55.9% $160 / Sq Ft
02/15/2017 02/15/17 Sold $311,000 -5.5% $100 / Sq Ft View Prior Sale
01/05/2017 01/05/17 Pending -- -- --
12/15/2016 12/15/16 For Sale $329,000 -- $106 / Sq Ft
Source: Global MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202428673

Global MLS