New Listing34-36 Sparkill,Call Listing Agent, NY 12208
Call Listing Agent, NY 12208
Description
INVESTMENT OPPORTUNITY - TWO 5-UNIT MULTIFAMILY PROPERTIES | 10 UNITS | 7.5% CAP RATE Exceptional opportunity to acquire two 5-unit multifamily apartment buildings offering a combined 10 residential units and strong existing income. With a gross annual income of $146,052 and a 7.5% cap rate, this portfolio presents an attractive opportunity for investors looking to expand their holdings with an income-producing multifamily asset.Sparkill Avenue Property - 6,608 Sq. Ft. | 5 UnitsThe larger building consists of four spacious two-bedroom apartments and one one-bedroom basement apartment. Tenants pay their own utilities, helping reduce the owner's operating expenses and supporting stronger overall cash flow.Second Property - 4,209 Sq. Ft. | 5 UnitsThe second building offers a diversified unit mix consisting of three one-bedroom apartments, one two-bedroom apartment, and one studio apartment, providing rental options that appeal to a broad tenant base. Together, the properties offer approximately 10,817 square feet, 10 rental units, and an established income stream. The combination of multiple unit sizes, tenant-paid utilities at the Sparkill property, and a 7.5% cap rate makes this an opportunity worth serious consideration for both experienced multifamily investors and buyers looking to grow their real estate portfolio.10 Units $146,052 Gross Annual Income 7.5% Cap Rate Approximately 10,817 Combined Sq. Ft.A compelling multifamily investment with immediate income and long-term potential. Add two income-producing properties to your portfolio in one transaction. The other property adress is 287 Mrytle Ave.
Details
| MLS # | 1044479 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1929 |
| Days On Site | 4 |
| Listing Provided By | DiMatteo Realty LLC | Jean M DiMatteo |
Features
| SQ Feet | 10,817 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 10 |
| Building(s) | 2 |
Interior
| Cooling | None |
|---|---|
| Heating | Baseboard, Steam |
Exterior
| Construction Materials | Brick, Vinyl Siding |
|---|
Parking
| Parking Features | Driveway |
|---|
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Private, Water Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 1929 |
|---|---|
| Tax Annual Amount | 22704 |
Area Information
| State | NY |
|---|---|
| County | Albany County |
| City | Call Listing Agent |
| Zip Code | 12208 |
| School District | Albany High School |
| Elementary School | Delaware Community School |
| High School | Albany High School |
| Listing VS Median (in 12208) | |
Price: $1,250,000 low | high Med: $780,000 sqft: 10,817 low | high Med: 6,478 $ / sqft: $116 low | high Med: $130 On site: 4 low | high Med: 52 | |
Market Activity 12208
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Learn More About This Property
| State | NY |
|---|---|
| County | Albany County |
| City | Call Listing Agent |
| Zip Code | 12208 |
| School District | Albany High School |
| Elementary School | Delaware Community School |
| High School | Albany High School |
| Listing VS Median (in 12208) | |
Price: $1,250,000 low | high Med: $780,000 sqft: 10,817 low | high Med: 6,478 $ / sqft: $116 low | high Med: $130 On site: 4 low | high Med: 52 | |