97-99 Homestead, Albany, NY 12203
- $1,199,900
- 16
- BD
- 8
- BA
- 6,184
- SqFt
- List Price
- $1,199,900
- Status
- ACTIVE
- Days on Market
- 8
- MLS#
- 202625727
- Subtype
- MultiFamily
- Style
- Apartment 4 Plus Unit
- Year Built
- 1940
- Bedrooms
- 16
- Bathrooms
- 8
- Full Baths
- 8
- Living Area
- 6,184
- Lot Size
- 14,810
- Acres
- 0.34
- Subdivision
- Select One
Property Description
Rare opportunity to own an impressive 8-unit investment property consisting of two meticulously maintained brick buildings at 97 and 99 Homestead Avenue. Each building features four spacious apartments, three garage bays, basement storage, and common coin-operated laundry. The properties share a driveway and offer six total garage bays with ample additional off-street parking. The updated apartments feature hardwood floors, open layouts, and attractive finishes, including granite countertops and radiant-heated bathroom floors in select units. Freshly painted exteriors and well-maintained landscaping add to the property's strong curb appeal. Fully occupied and currently generating approximately $129,000 in annual gross rental income, with the potential to increase to approximately $153,600 annually at market rents. Ideally located and truly turnkey, this is an excellent opportunity for an investor looking to add a high-quality asset to their portfolio. Properties like this rarely become available!
Additional Information
- Interior Features
- Ceramic Tile Bath, High Speed Internet, Solid Surface Counters, Built-in Features
- Exterior Features
- Other
- Taxes
- $12,216
- Property Description
- Apartment 4 Plus Unit
- Flooring
- Hardwood, Tile
- Heating
- Hot Water, Radiant, Radiant Floor
- Air Conditioning
- Window Unit(s)
- Exterior Construction
- Brick
- Roof
- Rubber, Flat
- Parking Features
- Detached, Paved, Driveway, Garage
- Garage Spaces
- 6
- School District
- Albany
- High School
- Albany
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Listing courtesy of listing agent Kevin Clancy with Clancy Real Estate Brokerage, 518-461-9937.
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