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(518) 875-2800
Real Estate Company
95 N Manning Boulevard, Albany, NY 12206
- $600,000
- 11
- BD
- 6
- BA
- 3,456
- SqFt
- List Price
- $600,000
- MLS#
- 202629588
- Style
- Apartment 4 Plus Unit
- Bedrooms
- 11
- Bathrooms
- 6
Property Description
Six unit brick investment property offered together with the adjoining approved buildable parcel at 91 N Manning Boulevard. Combined annual gross income of $94,800 ($7,900/month), representing a 6.33 gross rent multiplier. 95 N Manning includes six residential apartments, four rental garages and two storage sheds. 91 N Manning includes four additional rental garages, one storage shed and additional parking, offering future development potential. Income consists of six apartments ($72,000 annually), eight garages ($16,800), three sheds ($3,600), parking ($1,200) and coin-operated laundry ($1,200). Strong rental history with an average tenancy of 16 years and a 0% vacancy rate over the past decade plus. Tenants pay their own electric. No reported history of water intrusion in the basement apartments. A rare chance to own an established income producing investment with multiple revenue streams. Inquire today!
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Additional Information
- Taxes
- $11,530
- Acres
- 0.46
- Lot Description
- Cleared, Level
- School District
- Albany
- Heating
- Baseboard, Hot Water, Radiant
- Construction
- Brick
- Roof
- Shingle, Asphalt
- Garage Spaces
- 8
- Sewer
- Public Sewer
- Water
- Public
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Listing courtesy of listing agent Nicholas W Miuccio with Miuccio Real Estate Group Brokerage, 518-330-2814.
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