Sharon FronkRealtor® · Howard Hanna
LoadingAlbany, NY 12203 · Albany County
This Pine Hills duplex built in 1900 offers six bedrooms and two bathrooms across 1,750 square feet on a 0.06-acre lot. One unit is currently rented, providing immediate income potential, while the other has been updated with vinyl plank flooring, a marble-look tiled bathroom with rainfall shower, recessed lighting, in-unit laundry, and new windows. Both units feature three-bedroom layouts with in-unit laundry and off-street parking. Located in Albany's Capital Region, the property sits near University at Albany, healthcare facilities, state offices, dining, and public transit, with no HOA fees.
Open House Sun Jun 21 - Appointment Required! Please call host 518 698 7074 for an appointment. A rare find in Albany's Pine Hills: Updated two-unit property that works equally well as a primary home with income offset, or a turnkey cash-flowing investment. For the Home Buyer Live in one unit and let your tenant help pay your mortgage. The first-floor unit is rented - that income starts working for you on day one. Your unit has been fully renovated with vinyl plank flooring, a marble-look tiled bathroom with rainfall shower, recessed lighting, in-unit laundry, new windows, and modern finishes throughout. Move in and enjoy -- everything has already been done. Qualifies for FHA owner-occupied financing. For the Investor True turnkey -- no renovation risk, no capital expenditure queue. Both units feature spacious 3-bedroom layouts with the amenity combination renters actually want: off-street parking and in-unit laundry. Existing income in place with room to optimize rents. Projected pro forma cap rate of 10%+. Strong, durable rental demand from UAlbany students, healthcare workers, and state employees keeps vacancy risk low. The Location Pine Hills is one of Albany's most consistently occupied rental submarkets -- walkable, well-connected, and minutes from UAlbany, major healthcare campuses, state offices, dining, and transit. Agent is the Ownerr
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Albany is in Albany County, NY. There are currently 209 active listings here, ranging from $15,600 to $8,000,000. Listings in this address fall under the Albany school district. Priced 23% above the Albany median of $299,900.
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ADI Real Estate Services LLC · Listed by Pearl W Ha (32038)
Contact: 518-698-7074
MLS #202615320 · Source: Global MLS, Inc.
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