4 View Avenue
Property Description
With an estimated market cap rate of approximately 11.3%, and an indicated range of 10.2% to 13%, 4 View Avenue presents an attractive multifamily investment opportunity in Albany. This traditional brick property features three separate units, approximately 3,145 square feet of above-grade living space, and separate utilities. Whether you're an experienced investor or looking to owner-occupy while generating rental income, this property offers flexibility and potential. The property consists of a spacious 3-bedroom first-floor unit and two additional 1-bedroom units, each with a full bathroom. The first-floor unit offers a welcoming entry, comfortable living room, generously sized dining room, kitchen, separate laundry room, full bathroom, and three bedrooms. The kitchen includes a refrigerator, wall oven, and dishwasher. Hardwood floors and approximately 9-foot ceilings add character and a spacious feel to the main living areas. One bedroom features a large walk-in cedar-lined closet, providing excellent storage. A full, unfinished basement with exterior/walk-out access provides additional storage and utility space. The basement is equipped with dual sump pumps, including a backup system. The property is designed with separate utilities, including three gas meters, three electric panels, and three separate gas-fired hot water heating systems serving the units. Each electric panel is approximately 100 amps. Public water and public sewer serve the property. The brick exterior and traditional architecture provide timeless appeal, while the three-unit configuration creates practical income-producing potential. Some asbestos is present and will require appropriate evaluation and handling. Conveniently located in Albany, the property provides easy access to shopping, dining, transportation, employment centers, schools, downtown Albany, and the surrounding Capital Region.
Broker Details
Howard Hanna Real Estate Services (518) 348-7100
MLS ID: 30496 State License Number: 10401290174
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $425,000 |
| No. of Units: | 3 |
| Year Built: | 1927 |
| Lot Size: | 3,145.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $141,667 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 3 |
ID: 3yd-CRMLSNY-202626375
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
15 Jefferson Street
Johnstown, Pennsylvania
405-407 S Cherry Street
Ebensburg, Pennsylvania
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout