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