Turnkey 18-Unit Portfolio - $1,990,000 ($110K/Unit) Rare opportunity to own two adjacent, fully occupied multifamily buildings in Albany's desirable Park South neighborhood. 102 & 106 S Lake Ave feature a combined 18 units across ±10,263 SF on ±0.39 acres, just steps from Washington Park, Albany Medical Center, and the… Read More Empire State Plaza. Priced at $1.99M with a 7.01% cap rate based on current rents. Properties are very well maintained with no deferred maintenance. Includes ample off-street parking, a 3-car garage, and coin-operated laundry for additional income. Upside potential through rent increases on below-market units and monetizing parking. Strong rental history makes this a perfect fit for investors seeking stable cash flow and long-term growth in a thriving urban location. Read Less
Courtesy of Rudy R Lynch (518-337-3705), Carrow Real Estate Services LLC.
Listing Snapshot
Days Online
3
Last Updated
Property Type
Multi Family
Beds
21
Full Baths
18
Lot Size
0.21 Acres
Year Built
1900
MLS Number
202526005
Additional Details
Basement
Basement: "Finished"
Building
Architectural Style: "Apartment 4 Plus Unit", Construction Materials: "Vinyl Siding", Living Area: 10,263, Number Of Units Total: 18, Year Built: 1900
Exterior Features
Features: "Other"
Garage
3 garage spaces
Heating
Heating: "Natural Gas", Heating Included
Lot
0.21 acres, Area: 0.21, 9,148 square feet
Parking
Parking Total: 9
Property
Parcel Number: 010100 65.77-4-14, Property Sub Type: Multi Family, Zoning: Multi Residence
Roof
Roof: "Slate", "Rubber"
Sewer
Sewer: "Public Sewer"
Taxes
Annual Amount: $20,973, Tax Lot: 14.000
Utilities
Water Source: "Public"
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