695 State Street
Property Description
Excellent Albany 3-unit investment opportunity at 695 State Street! This well-maintained property offers three separate apartments with approximately 1,976 square feet of living space plus a full basement. The first-floor 3-bedroom apartment features hardwood floors and a front porch and is currently leased at $1,450/month. The second-floor studio with enclosed porch is leased at $850/month. The second-floor 2-bedroom apartment is currently vacant, offering an immediate opportunity for an owner-occupant or new rental income. Major updates include a 2014 renovation with approximately 90% of the structure gutted and updated, including new electrical wiring, insulation, sheetrock, kitchens, bathrooms, windows, exterior doors, and three heating systems. New siding was installed in 2012 and a new roof in 2023. The property consists of two tax parcels conveyed together under one deed and includes a detached 2-stall garage located at 172 Spring Street. A strong opportunity for an investor looking for income, or an owner-occupant seeking additional rental income. Garage sold As Is. Potential gross rental income when fully occupied: approximately $42,000 annually.
Broker Details
KW Platform (518) 724-5800
MLS ID: 21935 State License Number: 40WE1156530
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $397,000 |
| No. of Units: | 3 |
| Year Built: | 1900 |
| Lot Size: | 1,976.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $132,333 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 3 |
ID: 3yd-CRMLSNY-202628110
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