176 Exchange Street, Albany, NY 12205

Property Description

Prime Investment or Owner-Occupied Opportunity: 176 Exchange St. 2 Single-Family Homes on One Lot (Multi-Unit Setup) Total Monthly Income / Potential: Front house estimated up to $2,500/mo (vacant) + Rear house currently rented at $1,950/mo. Condition: Fully renovated and in excellent condition throughout. **Property Overview** Welcome to 176 Exchange St.—a rare and exceptional dual-property offering featuring two fully renovated, turnkey single-family homes on a single lot. Whether you are an astute investor looking for a strong, income-producing portfolio addition or a buyer wanting to offset your mortgage by living in one home and renting out the other, this property delivers unmatched versatility and value. Front House (Vacant & Move-In Ready) Size: 1,215 sq. ft. Layout: 3 bedrooms, 1 bathroom, plus a flexible bonus room in the basement ideal for an office or additional bedroom. Features: Includes convenient basement laundry hookups. Rental Potential: Estimated up to $2,500 per month, making it ideal for an immediate tenant placement or an effortless owner-occupancy transition. Rear House (Current Income Generator) Layout: 2 bedrooms, 1 bathroom. Current Status: Currently occupied and generating steady rental income at $1,950 per month Upgrades: Features brand-new Mini-Split HVAC systems for efficient year-round climate control. Mechanicals & Highlights Upgraded Utilities: Both homes are separately metered for gas and electric, meaning tenants pay their own utilities. Roof: Front house roof is under 8 years old, providing long-term peace of mind. Modern Comforts: Fully renovated from top to bottom with updated plumbing and a brand-new hot water heater. Low Maintenance: Both structures are in pristine, excellent condition, allowing you to move right in or start collecting rent with peace of mind. Don't miss out on this turnkey dual-home property offering stellar cash flow and flexibility!