611-620 Pearl St, Albany, NY 12204
20 Unit Apartment Building | $2,995,000 ($149,750/Unit) | 8.35% Cap Rate | Albany, NY 12204
For Sale
Active
Asking Price $2,995,000
- Property Type
-
Multifamily
- Square Feet
- 12,696 SF
Listing Contacts
Jennifer Karam
Property Overview
This 20 unit apartment building is in a prime Menands location and offers a great opportunity for investors. 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.
Property Details
- Class
- C
- Year Built/Renovated
- 1930/2023
- Stories
- 3
- Lot Size (sq. ft)
- 6,970 SF
- Units
- 20
Highlights
- (2) - 10 unit buildings
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