Bought with Beau Piorkowski • Core Real Estate Team
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Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Square Footage 11,040 sqft
Price per Sqft $58
MLS Listing ID 202329927
Sold Date 06/21/24
Bedrooms 28
Full Baths 12
HOA Y/N No
Year Built 1940
Annual Tax Amount $20,318
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type 5+ Units
Source Global MLS
Property Description
Investment Opportunity in Albany's South End: A rare chance to acquire a strategically positioned portfolio featuring 12 units across two brick abutting properties. Located at 51 Broad Street, there are eight 2BD/1BA units, complemented by an additional four 3BD/1BA units at 49 Broad Street.
These properties present a compelling investment prospect, offering significant potential for increased rental income following thoughtful upgrades to both the individual units and the overall building infrastructure.
Location
State NY
County Albany
Zoning Multi Residence
Direction Exit I-787 toward downtown Albany. Merge onto Broadway north. Continue 0.5 mi to a circle. Take 2nd exit onto S Pearl St. Turn left onto Morton Ave. Arrive at 49 Broad St.
Interior
Heating Forced Air, Hot Water
Flooring Hardwood
Exterior
Exterior Feature None
Building
Sewer Public Sewer
Water Public
Architectural Style Low Rise
Schools
School District Albany
Others
Tax ID 76.65-2-80
Special Listing Condition Standard
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