Discover the charm and potential of this well-maintained historic 19-unit property, with a net income potential of over $180,000. With a strong history of consistent rentals, this property is perfect for investors seeking long-term tenants. Nestled in one of downtown's most desirable neighborhoods—Washington Park/Madison Avenue—this prime location offers unparalleled convenience. Just steps away from Albany Medical Center, Albany Law School, and the State & Legislative buildings, residents will enjoy easy access to all downtown amenities. Plus, the buildings are conveniently located on several public bus routes. The property boasts an array of timeless features, including exquisite original woodwork, decorative fireplaces, oversized windows, high ceilings, and elegant arched doorways complemented by antique hardware. The wood floors throughout add to the warmth and character of these charming units. Recent updates enhance the property's appeal, including a new boiler, water heater, and furnace, ensuring peace of mind for both investors and tenants. The basement features coin-operated laundry facilities, further adding to the convenience for residents. Don’t miss out on this fantastic investment opportunity in a thriving community with a rich history and vibrant future!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
