Bought with Samantha M Curry • New Scotland Realty
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Key Details
Sold Price $307,500
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,587 sqft
Price per Sqft $67
MLS Listing ID 202414604
Sold Date 11/06/24
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1900
Annual Tax Amount $7,700
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Quadruplex
Source Global MLS
Property Description
Great chance to acquire a brick 4-unit multifamily in Albany's coveted Pine Hills neighborhood. Symmetrical floor plans feature 1BD/1BA units upfront and 2BD/1BA units at the rear. Rents below market value offer substantial upside potential. With a potential 9.27% cap rate, it's a rare find in today's market. Only showing the first floor units as model units, any offers can be written contingent on seeing the whole building. *Seller willing to do a seller credit for interest rate buy down. Discuss with LA.
Location
State NY
County Albany
Zoning Multi Residence
Direction Head south on I-787 S and take exit 2 for Madison Ave/US-20. Keep left at the fork, merging onto Madison Ave. Drive straight for about 1.5 miles, then turn right onto Ontario St. After 0.2 miles, turn left onto New Scotland Ave. Continue for 0.4 miles, then turn right onto Quail St. Drive for about 0.3 miles, and 318 Quail St, Albany, NY 12208, will be on your right.
Interior
Heating Radiant
Exterior
Exterior Feature None
Porch Porch
Building
Sewer Public Sewer
Water Public
Architectural Style Traditional
Schools
School District Albany
Others
Tax ID 010100 65.77-3-4
Special Listing Condition Standard
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