708 State Street, Albany, NY 12203

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$300,000
Active for Sale
 
Listing ID 11323859
Property Type Multi-Unit (2-4)
County Albany
Township Albany
Neighborhood Pine Hills
School ALBANY CITY SCHOOL DISTRICT
Total Tax $8,967
Tax ID 65.61-5-5
FEMA Flood Map fema.gov/portal
Year Built 1920
Virtual Tour
This 2 unit was completely renovated in 2022 including new furnace and central air units in each apartment. Currently 1st floor owner occupied second floor AirBNB with monthly average income of $2650. CAP Rate as AirBNB High Market 18.4% Low Market 14.4%. As Long Term Rentals High Market Cap Rate 11.1% Low Market Cap Rate 9.5% (see income expense Sheets) in 2022. The complete renovation included new electrical service, hot water heaters, kitchens and baths. This is a prime investment property or owner occupy one floor and let the other pay most of your mortgage. Check out the virtual tour!!!
Property Details
  • 6 Total Bedrooms
  • 2 Full Baths
  • 2024 SF
  • 0.06 Acres
  • Built in 1920
  • 2 Stories
  • Available 7/16/2024
  • Federal Style
  • Lower Level: Unfinished
Interior Features
  • Eat-In Kitchen
  • Oven/Range
  • Refrigerator
  • Microwave
  • Carpet Flooring
  • Laminate Flooring
  • Linoleum Flooring
  • 10 Rooms
  • Dining Room
  • Family Room
  • Primary Bedroom
  • Kitchen
  • Laundry
  • Forced Air
Exterior Features
  • Vinyl Siding
  • Municipal Water
Community Details
  • Duplex (Bldg. Style)
  • Laundry in Building
Taxes and Fees
  • $5,246 School Tax
  • $3,721 County Tax
  • $8,967 Total Tax
Listed By
HOWARD HANNA CAPITAL INC
Office: 518-755-2064
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