Bought with Dominick Ieraci • KW Platform
$375,000
$425,000
11.8%For more information regarding the value of a property, please contact us for a free consultation.
5,184 SqFt
SOLD DATE : 09/22/2021
Key Details
Sold Price $375,000
Property Type Multi-Family
Sub Type 5+ Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,184 sqft
Price per Sqft $72
MLS Listing ID 202115586
Sold Date 09/22/21
HOA Y/N No
Originating Board Global MLS
Year Built 1870
Annual Tax Amount $9,865
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 59 x 81 x 59 x 82
Property Description
This property consists of 2 separate tax IDs 195 (corner lot) 64.36-3-6 which has 3 units and 197 (contiguous including basement) 64.36-3-5 which has 2 units. Both 195 and 197 N Allen are equal square footage, but configures differently. 195 main and 197 upper have both been renovated. $35,878 NOI after deducting Taxes, Insurance and 15% $8,505) total at 5% $2,835 each for management, vacancy and maintenance. These numbers provide an Approximately 8.44% CAP Rate at this price. Very Good Condition
Location
State NY
County Albany
Zoning Single Residence
Direction Take Central Ave between Watervliet Ave and Blessed Sacrament Church. Take N Allen St S to property on left. (Corner of West St across from McVeigh Funeral Home)
Interior
Heating Electric, Hot Water
Flooring Vinyl, Carpet, Ceramic Tile, Hardwood, Laminate
Exterior
Garage None
Waterfront No
Waterfront Description None
Roof Type Rubber
Porch Porch
Parking Type None
Building
Lot Description Level, Cleared, Corner Lot
Sewer Public Sewer
Water Public
Architectural Style Apartment 4 Plus Unit
Schools
School District Albany
Others
Tax ID 010100 64.36-3-6
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