423 Hamilton Street, Albany, NY 12203
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423 Hamilton Street, Albany, NY 12203
423 Hamilton Street, Albany, NY 12203
423 Hamilton Street, Albany, NY 12203
423 Hamilton Street, Albany, NY 12203
Listed by Derek Morgan • Unreal Estate Brokerage LLC
Bought with Joseph Gunther • CM Fox Real Estate

$370,000

Est. payment /mo

$375,000

1.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

423 Hamilton Street Albany, NY 12203

8 Beds

2 Baths

3,484 Sqft Lot

SOLD DATE : 08/02/2024

Key Details

Sold Price $370,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 202415805

Sold Date 08/02/24

Bedrooms 8

Full Baths 2

HOA Y/N No

Year Built 1905

Annual Tax Amount $4,097

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type Duplex

Source Global MLS

Property Description

This is a turn-key student rental property with strong positive cash flow. Using my sample pro-forma your positive cash flow will over $14,000/yr assuming an 80% mortgage at 8%. Cap rate of 13.0%. Text or email seller for the pro-forma.
The 2-family house on a quiet dead-end street is in excellent condition and needs no repairs or improvements. 4 BRs on the 1st floor ($2,420/mo) leased through May ' 25 and 4BRs on the 2nd floor ($1,770) leased through May of '24. The property was fully renovated in 2011. Includes all appliances (Fridges, ranges, DWs, Micros) with Washer/Dryer in the basement. Roof, boilers (2011), water heaters, electric, plumbing, & appliances are all in great shape and nothing is needed. All renovations and maintenance has been done to a very high level.

Location

State NY

County Albany

Direction Quail to the dead end of Hamilton

Interior

Heating Natural Gas

Flooring Tile, Hardwood

Exterior

Exterior Feature Other

Garage Spaces 1.0

Roof Type Slate

Porch Porch

Building

Sewer Public Sewer

Water Public

Architectural Style Other

Schools

School District Albany

Others

Tax ID 010100 65.69-1-36

Special Listing Condition Standard

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Joseph Gunther
Joseph Gunther

NYS Licensed Real Estate Associate Broker License ID: 10401377220

+1(518) 227-3000 | jgunther@empirerealestatefirm.com

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