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$169990 / 5br - 3 UNIT owner occupied property! No easier way to save and build wealth (albany ny)
5BR / 3Ba apartment available jul 03
THIS IS A TURN KEY RENTAL and MOVE RIGHT IN HOME!!!
This is a 3 unit owner occupied property in move in condition. It has 2 one bedroom apartments and 1 three bedroom apartment. Great for someone that wants to live in one unit and rent the other two.
Currently the apartments are as follows:
1A = one bedroom apartment; rented for $795 a month with a lease until Sept 1 2015.
1B= one bedroom apartment; renter for 825, month to month, but looking to stay until June 2016
2A= three bedroom apartment is owner occupied (the three bedroom can be rented for $1200 a month).
Current total monthly income: $1620
You will not find a 3 unit property in such great shape, great location, and with so many bedrooms at this price in Albany's student rental area. It has a three year old furnace, great looking hardwood floors, 5-6 car fenced in drive way, and good sized back yard.
The only con is that the roof is older and will need work in the next few years. It currently has no know problems. Price is has been reduce to reflex the need of that future work.
It is a must see for anyone that wants to be a homeowner, yet not have to worry about high mortgage payments. Taxes are reasonable for a 3 unit in Albany, just under $5,000 without the STAR program.
Estimated monthly mortgage payments: $1350-$1450
No easier way to save and build wealth.
A MUST SEE
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