423 Hamilton Street Albany, NY 12203
Multi-Family (2-4 Units)
MLS #: 202415805
Courtesy Of HOUSEPAD LLP
Property InformationDescription
This is a turn-key student rental property with strong positive cash flow. Using my sample pro-forma your positive cash flow will over $14,000/yr assuming an 80% mortgage at 8%. Cap rate of 13.0%. Text or email seller for the pro-forma.
The 2-family house on a quiet dead-end street is in excellent condition and needs no repairs or improvements. 4 BRs on the 1st floor ($2,420/mo) leased through May ' 25 and 4BRs on the 2nd floor ($1,770) leased through May of '24. The property was fully renovated in 2011. Includes all appliances (Fridges, ranges, DWs, Micros) with Washer/Dryer in the basement. Roof, boilers (2011), water heaters, electric, plumbing, & appliances are all in great shape and nothing is needed. All renovations and maintenance has been done to a very high level.
The 2-family house on a quiet dead-end street is in excellent condition and needs no repairs or improvements. 4 BRs on the 1st floor ($2,420/mo) leased through May ' 25 and 4BRs on the 2nd floor ($1,770) leased through May of '24. The property was fully renovated in 2011. Includes all appliances (Fridges, ranges, DWs, Micros) with Washer/Dryer in the basement. Roof, boilers (2011), water heaters, electric, plumbing, & appliances are all in great shape and nothing is needed. All renovations and maintenance has been done to a very high level.
Features
- Age: Over 50 Years Old
- Amenities: Porch
- Architecture Style: Other
- Exterior Type: Vinyl Siding
- Floor Covering: Hardwood, Tile
- Lot Size: 0.08 Acres
- Roof Type: Slate
- Rooms: Bedroom, Full Bath
MAP & DIRECTIONS
School Information
423 Hamilton Street, Albany, NY 12203
Elementary School
Grades PK-5 |
Public School
PHILIP J. SCHUYLER ACHIEVEMENT ACADEMY
Albany, NY 12206
676 Clinton Ave
518.475.6700
Distance: 0.8 mi
School Rating
D-
Student:Teacher Ratio
13:1
Total Students
272
Middle School
Grades 6-8 |
Public School
NORTH ALBANY MIDDLE SCHOOL
Menands, NY 12204
570 N Pearl St
518.475.6800
Distance: 2.1 mi
Student:Teacher Ratio
9:1
Total Students
199
High School
Grades 9-12 |
Public School
ALBANY HIGH SCHOOL
Albany, NY 12203
700 Washington Ave
518.475.6200
Distance: 0.5 mi
School Rating
C-
Student:Teacher Ratio
14:1
Total Students
2607
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Brighter Choice Charter School For Girls | 0.4 mi | Public | KG-5 | B- |
| Lasalle School | 0.5 mi | Private | 6-12 | |
| La Salle School | 0.5 mi | Private | 7-12 | |
| Castle Island Bilingual Montessori | 0.5 mi | Private | PK-KG | |
| Brighter Choice Charter School For Boys | 0.5 mi | Public | KG-5 | C |
| Sheridan Preparatory Academy | 0.6 mi | Public | PK-5 | D- |
| St Catherine's Center For Children R & E May School | 0.6 mi | Private | KG-6 | |
| Maimonides Hebrew Day School | 0.7 mi | Private | PK-12 | |
| William S. Hackett Middle School | 0.8 mi | Public | 6-8 | B- |
| Neil Hellman School/parsons Child & Family Center | 0.8 mi | Private | 3-12 | |
| New Scotland Elementary School | 0.8 mi | Public | PK-5 | C- |
| Pine Hills Elementary School | 0.9 mi | Public | PK-5 | D- |
| St Anne Institute | 0.9 mi | Private | 7-12 | |
| Albany Leadership Charter High School For Girls | 0.9 mi | Public | 9-12 | D- |
| Hebrew Academy Of The Capital District | 0.9 mi | Private | KG-8 | |
| Blessed Sacrament School | 1.0 mi | Private | PK-8 | |
| Thomas S O'brien Academy Of Science & Technology | 1.0 mi | Public | PK-6 | B- |
| Albany Academy For Girls | 1.0 mi | Private | PK-12 |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Albany, NY 12203
| Median Age: | 35.8 |
|---|---|
| Married: | 34% |
| Number of Households: | 11,393 |
| Households with Children: | 18.1% |
Albany, NY 12203
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
Copyright © 2024 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
