555 Washington Avenue, Albany, NY 12206

555 Washington Ave & Ontario St, Albany, NY 12206

Don't miss this incredible value add opportunity! This Mid-Town Albany property is a 3,724 +/- square foot, three story mixed-use building ideally located with frontage on Washington Ave and Ontario St. in the city of Albany. This busy intersection benefits the ground floor retail unit, and close proximity to bus line, schools, shopping, hospitals and major employers are a major plus for the residential tenants. The building consists of 1,000 +/- square foot retail space on the first floor with a long term tenants that has been in the building for over 10 years and just signed a new 2 year lease. The second and third floors are three bedroom apartments and are intentionally vacant to allow for renovations and there is also a small parking area for one car in the rear of the property. Listed at a blended cap rate of 10.02% and cash on cash return of almost 15% this turn key investment would complement a steady cash flow to any investors portfolio.