Albany Homes with Chair Rail Interior

Albany Homes with Chair Rail Interior

Welcome to Albany, New York, a vibrant city nestled in the heart of Albany County, where rich history meets modern living. Known for its charming neighborhoods, Albany is not just a place to call home; it’s a community that thrives on education, culture, and connectivity.

One of the standout features of Albany is its highly regarded school district. The Albany City School District is dedicated to providing quality education and fostering an environment where students can excel. With a commitment to academic excellence, the district offers a diverse curriculum, innovative programs, and a range of extracurricular activities that cater to the interests and talents of every student. Families in Albany can take pride in knowing their children are receiving an education that prepares them for future success.

For those seeking homes with character and charm, Albany boasts an array of residences featuring exquisite chair rail interiors. These elegant design elements add a touch of sophistication and timeless appeal to living spaces, making them perfect for both entertaining guests and enjoying quiet family moments. Imagine hosting dinner parties in a dining room adorned with chair rail molding, or creating a cozy reading nook in a sunlit corner accentuated by this classic detail.

Whether you're drawn to the educational opportunities or the beautiful homes with chair rail interiors, Albany offers a unique blend of community spirit and aesthetic charm. Explore the possibilities of making this delightful city your new home, where every day feels like a new adventure in learning and living.

Newest Albany Homes with Chair Rail Interior

$329,000
4 Beds 4 Baths 202619848 MLS
Opportunity meets character at 427 S Pearl St, a fully remodeled mixed-use building featuring one of Albany's last historic bar spaces paired with two income-producing apartments. The commercial space offers a fully renovated bar/lounge, complete with a stunning custom bar, dining area, kitchen, office, and one ADA-compliant bathroom and one standard bathroom, along with a mop/broom closet. RESTAURANT EQUIPMENT CONVEYS WITH THE SALE OF THE PROPERTY! With USB-integrated outlets, updated systems, and a brand-new high-efficiency gas heater (2025), this space is turnkey and ready for its next concept. Currently generating $1,500/month with upside to ~$2,000/month upon liquor license approval. Upstairs, two spacious 2-bedroom apartments feature updated layouts, large bathrooms, and strong rental history; both currently occupied (month-to-month) at $1,300 and $1,400/month. Major improvements include new roof (2018), full electrical service update (2023), new sewer line to street (2024), updated plumbing with PEX throughout, and newer hot water tanks--offering peace of mind for years to come. Tenants pay utilities, keeping operating expenses low and returns strong. Whether you're an investor seeking cash flow or an owner-user looking to operate a business while collecting residential income- this is a rare find in the City of Albany! Current Income: Bar: $1,500/mo = $18,000/year Apts: $2,700/mo = $32,400/year Total Gross = $50,400/year Expenses: Taxes: $9,963 Insurance: $2,568 Water/Sewer: ~$675 Total Expenses ≈ $13,206 NOI (Net Operating Income): $50,400 - $13,206 = $37,194 CAP Rate (Current): *11.3%* 11%+ cap rate, built-in income, and serious upside...this is the deal investors wait for!!!!

427 S Pearl Street

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