NOT LISTED FOR SALE
13 Beds
12 Baths
6,032 Sq Ft
2,614 Sq Ft Lot

Sale Details

Date Sold: December 30, 2024

Last sale price $580,000 $96 Per Sq Ft

4 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Bathroom on Main Level
  • Albany High School Rated A-
  • Chair Railings
  • Electric Baseboard 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

Tier One Real Estate Pros LLC License #10491214014

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

2,614 Sq Ft Lot

Listing Details

  • Property Type: MultiFamily
  • Property Sub Type: Multi Family
  • 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

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2024
Closed on
Dec 30, 2024
Sold by
Bought by
Seller's Agent
Marisa Moffatt
The Moffatt Group, Inc
Buyer's Agent
Stephen McCormick
Tier One Real Estate Pros LLC
List Price
$599,900
Sold Price
$580,000
Premium/Discount to List
-$19,900
-3.32%
Views
16

Purchase Details

Listed on
Jun 20, 2022
Closed on
Oct 19, 2022
Sold by
Bought by
Seller's Agent
Kevin Boutot
Exit Realty Empire Associates
Buyer's Agent
Joseph Policastri
Howard Hanna
List Price
$595,000
Sold Price
$435,000
Premium/Discount to List
-$160,000
-26.89%
Views
45

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.97%
Original Mortgage
$534,883
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2005
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$580,000 Legacy Title
-- --
-- Rex Ruthman
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $560,000
Previous Owner $534,883
Previous Owner $374,625
Previous Owner $255,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,930 $190,000 $5,000 $185,000
2024 $11,930 $190,000 $5,000 $185,000
2023 $4,083 $82,500 $3,600 $78,900
2022 $4,537 $82,500 $3,600 $78,900
2021 $4,440 $82,500 $3,600 $78,900
2020 $6,110 $82,500 $3,600 $78,900
2019 $3,248 $82,500 $3,600 $78,900
2018 $6,279 $82,500 $3,600 $78,900
2017 $3,874 $82,500 $3,600 $78,900
2016 $6,312 $82,500 $3,600 $78,900
2015 $5,724 $82,500 $5,100 $77,400
2014 -- $97,800 $5,100 $92,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Global MLS

MLS Number: 202428673

Global MLS
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