274 Morton Avenue, Albany, NY 12209
274 Morton Avenue, Albany, NY 12209
274 Morton Avenue, Albany, NY 12209
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Qiu Qin Zheng • Gilcrest Properties
$439,000
Est. payment /mo
9 Beds
3 Baths
3,699 SqFt
Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,699 sqft

Price per Sqft $118

MLS Listing ID 202629205

Bedrooms 9

Full Baths 3

HOA Y/N No

Year Built 1925

Annual Tax Amount $8,504

Lot Size 2,178 Sqft

Acres 0.05

Property Sub-Type Triplex

Source Global MLS

Property Description

PRICE IMPROVEMENT! Strong-performing 3-family in Albany — pro-forma cap rate of 9.5%+ at the new price. First and third floor units are rented at $1,500/month each ($36,000/year in place). The second-floor unit is delivered VACANT — perfect for an owner-occupant to live in while the other two units cover the mortgage, or lease it at market rent ($1,600-$1,700/month) to maximize income. Total pro-forma gross income of approx. $55,000+/year against total annual expenses of only approx. $13,306. Nine bedrooms total across 3,699 sq ft, three full baths, spacious layouts in every unit. All three units have been renovated within the past 2-3 years — just collect the rent. Great location — directly across from the park and just minutes from Albany Medical Center, Turnkey investment or owner-occupant opportunity — bring your buyers!

Location

State NY

County Albany

Direction Delaware to 1st block of Morton

Interior

Heating Forced Air, Natural Gas

Flooring Hardwood, Laminate

Exterior

Exterior Feature None, Garden

Roof Type Flat,Rubber

Building

Sewer Public Sewer

Water Public

Architectural Style Traditional

New Construction No

Schools

School District Albany

Others

Tax ID 010100 76.47-2-9

Special Listing Condition Standard

Virtual Tour https://app.doaudiotours.com/unbranded?id=33733&lang=en-US

Read Less Info

Nearby School & Business

Get More Information

Erin Steinbach

Erin Steinbach

+1(518) 222-6031

Lic. Associate R. E. Broker License ID: 10301217507

Lic. Associate R. E. Broker License ID: 10301217507

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Julie & Co. Realty LLC, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Quick Search