Price REDUCED; Cash Flows $1500+/mo.; Albany, NY

[Gordon Graham]

NOI=$21,329+/yr. Cash-on-Cash return=50%. Cash Flow=$1,500+ per month.

This is a great deal for an investor!!  It's in an area that's good to market to: across street from park, fire dept. and new school.  Plus it's close to St. Rose College and public transportation.  RentometerPro shows several comps within 1/2 mile that get $1,300-$1,365/mo. for 3BR/1Ba.  But none have the size of these apartments!  There is a ton of space!!  Rehab estimate is $30,000.  For more info and pics, contact: Gordon Graham, Landmark Homebuyers, 617-312-9833, or [email protected].