Rare DUPLEX located in the Guilderland School District/town of Altamont! Two absolutely amazing Section 8 tenants currently pay $1100 and $1075 per month, with a portion of that sent directly from the district office. This side by side duplex features 1432 sqft of living space in each unit - 3 bedrooms and 1 bath (one unit uses the downstairs bedroom as a laundry room). Each unit has 2 levels. This property is within walking distance to the "downtown" area, which includes popular shops and restaurants. This is an "As Is" purchase with plenty of work to do, but its priced aggressively at just over $100/sq ft. Investors could hit the 1% rule (rents equate to 1% of purchase easily as comps have 3 BR's at $1800 in this area and rents considerably under market. If you house hack (live in one unit, while you rent the other), you won't have to worry about paying your taxes/insurance and part of your mortgage! Investment properties that pencil out are tough to find this day and age but I need to sell due to an opportunity to scale. Also - check out the financing available to house hackers...many institutions require just 5% down! Happy to work with agents but buyer is responsible for fees.
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