Investor's Dream: Low-stress management, high-demand updates, and strong, verifiable cash flow make this property a mandatory addition to any serious portfolio. Don't miss this rare chance to acquire a true turnkey asset!------
Unlock immediate cash flow with this exceptional, low-maintenance investment opportunity! This meticulously updated single-family residence is primed for passive income and positioned for long-term appreciation, offering two distinct income streams and a compelling proforma (see attached).
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Dual Income Advantage: Generating $3,200/month in gross income from two separate, secure leases.
House Lease: $1,700/month, secured until July 31, 2025.
Garage Lease: $1,500/month, secured until December 31, 2025
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Tenant-Occupied & Rented: Immediate rental income from day one. ---------------
Fully Updated & Modernized: Minimizes near-term capital expenditures. The house features a desirable open-concept layout, premium granite countertops, new flooring/carpet, updated laundry facilities, and a brand-new Sub-Zero Mini-Split heating/cooling system for efficiency and tenant comfort.
Premium Detached Asset: The oversized 3-Car Heated Garage is a unique, high-demand feature in the rental market, commanding a premium lease rate and attracting a professional/commercial tenant base (contractor, storage, hobbyist, etc.).
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THE NUMBERS SPEAK FOR THEMSELVES! Review the attached Proforma Sheet for detailed income, expense, and projected cap rate analysis.
Active
$275,000
39 Exchange Street, Albany, NY 12205
2beds
1,200sqft
Single Family Residence, Residential
Built in 1880
8,276.4 Square Feet Lot
$268,500 Zestimate®
$229/sqft
$-- HOA
What's special
Open-concept layoutUpdated laundry facilitiesPremium granite countertops
- 23 hours |
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