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About the Listing o424A - 2420,30830
Offered for the first time in over 40 years, this well-maintained 4-unit property blends classic character with thoughtful updates throughout. The current owner has taken pride in preserving the original charm, featuring beautiful original woodwork and details you don't often find anymore.The building offers a common coin-operated washer and dryer for added tenant convenience, along with a rear deck overlooking Albany perfect for enjoying a great 4th of July fireworks show.Located in the heart of Albany, this property is within walking distance to local parks and is especially convenient for medical students, adding to its strong rental appeal. There is also off-street parking potential, adding further value and flexibility.Two units will be delivered vacant at closing, giving the next owner immediate upside and the ability to bring rents to market value. Current rents are $825 and $825, with projected market rents of $1,450 for the second-floor unit and $1,200 for the split first-floor/basement unit. At full market rents, the property has the potential to generate approximately $51,600 in gross annual income.This is a strong opportunity for investors or owner-occupants looking for a property with solid upside in a prime location.
Interior Details
- Bedrooms: 7
- Bathrooms: 4 Full / 1 Half
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Baseboard,Hot Water,Radiant
- Fireplaces: 2, Dining Room
- Floor: Tile,Carpet,Hardwood
- Above Ground Sq Ft: 4020
- Below Ground Sq Ft: 1000
- Basement: Apartment,Finished,Full,Heated,Walk-Out Access
- Other: Solid Surface Counters,High Speed Internet,Built-in Features,Cathedral Ceiling(s),Ceramic Tile Bath,Crown Molding
- Water: Public
Exterior Details
- Lot Description: Landscaped,Cleared
- Garage Capacity: N/A
- Lot Dimensions: 29.3 X 88
- Roof:
- Others: Garden
- Sewer: Public Sewer
Financial Details
- Tax Amount: $5,107
- Taxes w/Assessments: N/A
- Tax/Property ID: 010100 76.47-2-3
- Tax Year: N/A
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290 Morton Ave Albany, NY 12209
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