Bought with Faruque Ahmed • Fave Realty Inc
$285,000
$279,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
501 Washington Avenue Albany, NY 12206
9 Beds
2 Baths
2,396 SqFt
Key Details
Sold Price $285,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,396 sqft
Price per Sqft $118
MLS Listing ID 202422287
Sold Date 10/04/24
Bedrooms 9
Full Baths 2
HOA Y/N No
Originating Board Global MLS
Year Built 1907
Annual Tax Amount $5,678
Lot Size 3,920 Sqft
Acres 0.09
Property Sub-Type Duplex
Property Description
Presenting an exceptional two-family residence situated in the desirable Washington Ave in Albany, offering easy access to all city's amenities. This property is an ideal investment opportunity, delivering substantial cash flow, or a perfect choice for an owner-occupant seeking to minimize living expenses.
The 1st-floor unit, intentionally left vacant, has 4 spacious bedrooms and 1 bathroom has been recently painted and refreshed! The 2nd-floor unit, featuring 5 bedrooms and 1 bathroom, is occupied by a reliable long-term tenant who pays $1,700 monthly. This well-maintained property promises impressive returns with estimated annual rental income exceeding $40,000 with both units leased. All separate utilities and low taxes (noted without STAR exemption).
Location
State NY
County Albany
Direction Head northwest on Washington Ave toward N Hawk St; Keep left to stay on Washington Ave; Turn right on Washinton ave, property is located on the right.
Interior
Heating Hot Water
Flooring Hardwood
Exterior
Exterior Feature None
Porch Rear Porch
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Schools
School District Albany
Others
Tax ID 65.54-4-61
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