OFF MARKET - Albany Outskirts Near State University

[Chris Terborg]

570 Western Avenue, Albany

PROPERTY DESCRIPTION

25 units largely occupied on Western Avenue in Albany. Property is located in the Pine Hills section of Albany and has private off street parking. Located near bus line, highways, employment and dining.

PROPERTY HIGHLIGHTS

Pine Hills Area

Off Street Parking

Largely occupied

Taxes Approx $27,000.00

85% occupied

Number of Units: 25

Lot Size: 8,626 SF

Building Size: 8,440 SF

38 S Main Avenue, Albany

PROPERTY DESCRIPTION

21 units NYC style apartments. 5 story walk up building, non-working elevator in place. Street parking. Great Albany neighborhood near St Rose Campus. Near bus line, restaurants

and places of employment. Little vacancy with quick turnover of

tenancy.

PROPERTY HIGHLIGHTS

Pine Hills area of Albany

Near St Rose Campus

Walk up building

1-2 bedroom units

Taxes Approx $36,000.00

100% occupiedNumber of Units: 21

Lot Size: 7,371 SF

Building Size: 14,780 SF

Asking Price: $4.5M Cap Rate: 9.9% Cap NOI: $440K