Are you an investor looking for a lucrative opportunity in the real estate market? Look no further than this incredible Albany NY investment property that is now available for sale. With section 8 tenants already in place, generating rents of $1,760 and $1,200 per month, this investment is guaranteed to please your bottom line.
One of the most attractive features of this property is its consistent occupancy rate. It is always rented, ensuring a steady stream of rental income for the savvy investor. With a recent rehabilitation, the property is in excellent condition and requires minimal maintenance, allowing you to focus on maximizing your returns.
The property boasts 2-4 bedroom flats, providing ample space for tenants and making it an attractive option for families. This diversity in unit sizes also allows for flexibility in setting rental rates, ensuring that you can optimize your cash flow.
Now let’s talk numbers, shall we? With a 16% cap rate and a whopping 39% cash on cash return, this investment property is truly a gem. A 16% cap rate indicates that the property’s net operating income is 16% of its purchase price, offering a significant return on investment. The 39% cash on cash return demonstrates how much cash you will earn on your initial investment, considering both the rental income and expenses. These numbers speak for themselves and showcase the incredible profit potential of this investment.
Investing in real estate is all about making smart financial decisions, and this Albany NY investment property checks all the boxes. With its high rental income, consistent occupancy, and impressive return on investment, this property will undoubtedly add value to your investment portfolio.
If you’re interested in taking advantage of this incredible opportunity, don’t wait! Make an appointment today to see this property for yourself and secure your place in the thriving Albany real estate market. With its attractive features and promising financial returns, this investment property is sure to not disappoint. Don’t miss out on the chance to boost your bottom line and make a smart investment move.
273 Second Street, Albany, NY 12206