Updated about 10 years ago on .
16 Unit Multi-Family In Albany, NY (Near Troy and Schenectady area) $126k+ Gross Rent
Building generates $126,960/yearly rental income, with a net cap rate of 8.3%,
Nice 16 Unit investment property that includes :
2 - Studio
5 - 2 BR
9 - 1 BR
a new furnace has been recently installed, also new lighting to bring it up to code etc.
Size: 8,988 SF
NOI: $81,345 (projection 2015)
Sale Price: $980.000 CASH
Cap Rate: 8.3%
* Approximately 5 Blocks From Albany Medical Hospital
Offering