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+15185778223
KL Real Estate Services LLC
695 State Street, Albany, NY 12203
- $397,000
- 6
- BD
- 3
- BA
- 1,976
- SqFt
- List Price
- $397,000
- MLS#
- 202628110
- Style
- Traditional
- Bedrooms
- 6
- Bathrooms
- 3
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.
Additional Information
- Taxes
- $5,961
- Acres
- 0.08
- Lot Dimensions
- 25X140
- Lot Description
- Cleared, Road Frontage
- School District
- Albany
- Interior Features
- High Speed Internet
- Heating
- Baseboard
- Cooling
- None
- Construction
- Vinyl Siding
- Garage Spaces
- 2
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Listing courtesy of listing agent Lucas J Weston with KW Platform Brokerage, 518-269-7939.
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