FULLY RENTED 3-FAMILY | $48,600 ANNUAL GROSS INCOME INVESTORS, TAKE NOTICE! Exceptional opportunity to own an established, income-producing three-family property in the desirable Village of Colonie and South Colonie School District! All three apartments are currently rented, generating $4,050 monthly — $48,600 annually in gross rental income!… Read More Adding to the property's investment appeal is an 18-year long-term tenant who contributes 50% toward the property's gas heating bill, helping offset an important operating expense. Owner financing may be considered for a qualified buyer with 50% down. Offering approximately 2,395 square feet, this property features three distinct apartments with a total of five bedrooms and three full bathrooms. Unit 1: First-floor two-bedroom apartment occupied by a reliable, long-term tenant of 18 years, featuring washer/dryer hookups. Unit 2: One-bedroom apartment featuring newer appliances, a versatile bonus room ideal for a home office, walk in closet or flexible living space, and a stackable washer and dryer. Unit 3: Two-bedroom upper apartment recently refreshed with new kitchen cabinetry, range hood, updated lighting, and attractive vinyl plank flooring. Situated on a generous 0.30-acre corner lot, the property offers paved off-street parking for up to eight vehicles — an excellent convenience for a multi-family investment. Centrally located near shopping, restaurants, Albany International Airport, hospitals, major highways, and local amenities. Property pre-inspection documentation and current rental information available for buyer review. Whether expanding your investment portfolio or purchasing your first income property, 1 Loralee Drive offers established rental income, a long-term tenancy, recent improvements, and a convenient location. Schedule your private showing today! Read Less
Courtesy of Suzanne I Prezio (518-577-6571) Suzanne Prezio Properties Inc
Listing Snapshot
Days Online
117
Last Updated
Property Type
Triplex
Beds
5
Full Baths
3
Square Ft.
2,395
Lot Size
0.3 Acres
Year Built
1911
MLS Number
202622149
Additional Details
Basement
Partial
Building
Built in 1911, Living area: 2395.0, Construction Materials: Aluminum Siding
Cooling
None
Doors
Atrium Door
Exterior Features
Patio/Porch Features: Porch, Patio, Garden
Fence
None
Floors
Carpet, Ceramic Tile, Hardwood, Laminate
Heating
Hot Water, Natural Gas
Interior Features
Paddle Fan, High Speed Internet, Built-in Features, Ceramic Tile Bath
Lot
0.3 acres, Level, Corner Lot, Garden
Owner Pays
Snow Removal, Water, Gas, Grounds Care, Heat
Parking
8 total parking spaces, Off Street, Paved, Driveway
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