Prime Downtown Albany Multifamily | High-Yield 9% Cap Rate | Strong Financial Yield: Operating at a proven 9% Cap Rate, significantly outperforming regional market averages. | Optimal Unit Mix: Five high-occupancy, easily rentable units designed to maximize monthly gross potential rent. | Premium Downtown Location: Steps from State Capitol buildings, SUNY Downtown campuses, major hospitals, and the vibrant Lark Street entertainment district. | High Tenant Demand: Excellent walkability ensures a steady pipeline of young professionals, state workers, and student renters. | Property Highlights: Value-Add Potential: Immediate cash flow with room for organic rent growth as leases renew. Strong Rental History: Low historical vacancy rates with an established, reliable tenant base. Separate Utilities: Each unit has separate metering for gas and electric. Owner pays heat and hot water, so only one boiler and one hot water heater to maintain. All mechanicals are solid. Certificates of Occupancy: All current through 10/2027. Investor Packages Ready: Full rent roll and detailed pro forma available upon request for qualified buyers. | Exceptional opportunity to acquire a high-performing, turnkey 5-unit multifamily property nestled in the heart of Downtown Albany. Delivering an 8.8% capitalization rate on current financials, this asset offers an immediate, robust cash-flow opportunity from Day 1. Offered at $584,000. | Freshly painted, always rented, solid brick 5-family property with current Certificates of Occupancy on a quiet street only a block from Center Square, directly behind the public library on Washington Ave. Owner pays heat and hot water. Tenants pay their own electricity and cooking gas via separate metering. Heating is provided by a boiler in great shape, and the hot water heater is only a few years old. All new replacement windows throughout. | No owner financing. Please no real estate listing agents. Proof of funds equaling 20% down plus 6 months of operating expenses (total $125,000) required for showings. ***** SHOWING REQUESTS & QUESTIONS: https://www.moreinfo.media/26750b03-4783-4c3e-9c6e-fddc65e6ea67
