Bought with Medaiszjah Sims • Realty One Group Key
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708 State Street Albany, NY 12203
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Key Details
Sold Price $329,900
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,024 sqft
Price per Sqft $162
MLS Listing ID 202421527
Sold Date 10/31/24
Bedrooms 6
Full Baths 2
HOA Y/N No
Originating Board Global MLS
Year Built 1920
Annual Tax Amount $8,968
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Duplex
Property Description
This 2 unit was completely renovated in 2022 including new furnace and central air units in each apartment. Currently 1st floor owner occupied second floor AirBNB with monthly average income of $2650. CAP Rate as AirBNB High Market 18.4% Low Market 14.4%. As Long Term Rentals High Market Cap Rate 11.1% Low Market Cap Rate 9.5% (see income expense Sheets) in 2022. The complete renovation included new electrical service, hot water heaters, kitchens and baths. This is a prime investment property or owner occupy one floor and let the other pay most of your mortgage. Check out the virtual tour!!!
Location
State NY
County Albany
Direction 708 State St between Ontario St and Quail St.
Interior
Interior Features Solid Surface Counters, High Speed Internet
Heating Forced Air, Natural Gas
Flooring Carpet, Laminate, Linoleum
Window Features Double Pane Windows
Exterior
Exterior Feature None
Parking Features None
Utilities Available Cable Available
Roof Type Built-Up
Building
Lot Description Level
Sewer Public Sewer
Water Public
Schools
School District Albany
Others
Tax ID 010100 65.61-5-5
Special Listing Condition Standard
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