611-620 N Pearl St - Apartments FOR SALE


Albany, NY 12204
$2,795,000 USD
518-489-1000
611-620 N Pearl St, Albany, NY for Sale
$2,795,000 USD
Apartments - FOR SALE
1/10
null | 9.11% Cap Rate

611-620 N Pearl St
Albany, NY 12204


HIGHLIGHTS

  • (2) - 10 unit buildings

OVERVIEW

Over 9% Cap Rate!!!! This 20 unit apartment building is in a prime Menands location and offers a great opportunity for investors. Room to grow rents! The units are all in excellent condition, most with new appliances and renovated bathrooms and kitchens with granite countertops. All units have hardwood floors with the majority having been recently refinished. The building is well maintained and offers a secure and high quality living environment. With a variety of room sizes and amenities, this building offers something for everyone New boilers (2016 & 2024) have been installed for heat efficiency, all separate electric at tenant expense. Brand new laundry with 8 new coin operated machines. Nothing left to do here but collect rent.

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

20

PRICE/UNIT

$139,750

CAP RATE

9.11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R2A

APN/PARCEL ID

010100-065-028-0001-066-000-0000,010100-065-036-0002-001-000-0000

ASK ABOUT THIS PROPERTY

Jennifer KaramHoward Hanna Real Estate ServicesMore Info
518-489-1000

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Jennifer KaramHoward Hanna Real Estate ServicesMore Info
518-489-1000

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