176 Exchange Street, Albany, NY 12205

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Property Description

Prime Investment or Owner-Occupied Opportunity: 176 Exchange St.2 Single-Family Homes on One Lot (Multi-Unit Setup)Total Monthly Income / Potential: Front house estimated up to $2,500/mo (vacant) + Rear house currently rented at $1,950/mo.Condition: Fully renovated and in excellent condition throughout.**Property Overview**Welcome to 176 Exchange St.-a rare and exceptional dual-property offering featuring two fully renovated, turnkey single-family homes on a single lot. Whether you are an astute investor looking for a strong, income-producing portfolio addition or a buyer wanting to offset your mortgage by living in one home and renting out the other, this property delivers unmatched versatility and value.Front House (Vacant & Move-In Ready)Size: 1,215 sq. ft.Layout: 3 bedrooms, 1 bathroom, plus a flexible bonus room in the basement ideal for an office or additional bedroom.Features: Includes convenient basement laundry hookups.Rental Potential: Estimated up to $2,500 per month, making it ideal for an immediate tenant placement or an effortless owner-occupancy transition.Rear House (Current Income Generator)Layout: 2 bedrooms, 1 bathroom.Current Status: Currently occupied and generating steady rental income at $1,950 per monthUpgrades: Features brand-new Mini-Split HVAC systems for efficient year-round climate control.Mechanicals & HighlightsUpgraded Utilities: Both homes are separately metered for gas and electric, meaning tenants pay their own utilities.Roof: Front house roof is under 8 years old, providing long-term peace of mind.Modern Comforts: Fully renovated from top to bottom with updated plumbing and a brand-new hot water heater.Low Maintenance: Both structures are in pristine, excellent condition, allowing you to move right in or start collecting rent with peace of mind.Don't miss out on this turnkey dual-home property offering stellar cash flow and flexibility!

176 Exchange Street | MLS# 202629739

This multi-family property located at 176 Exchange Street, Albany, NY 12205 is currently listed for sale with an asking price of $459,000. Exchange Street is located within the South Colonie school district. Search Albany real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partial, Slab
Heating: Hot Water
Home Style: Ranch
Lot Size: 0.47 Acres
Roof Type: Asbestos Shingle
Stories: 1.0
Taxes: $8,439
Year Built: 1998

Feature Descriptions

Days on Site: 1
Exterior: Vinyl Siding
Exterior: Other
Foundation: Block
Parcel #: 012689 53.12-1-16
Parking: Driveway
Parking Total: 6
Parking Total: 6
Security: Smoke Detector(s)
Sewer: Shared Septic
SQFT Above Grade Finished: 2176
SQFT Below Grade Finished: 225
Water: Public
Windows: Blinds

Local Schools

High School: Colonie Central HS
School District: South Colonie

Estimate Your Payment

Estimated Payment

$ 1,858.66 per month $1,021.54 Principal & Interest $703.25 Property Tax $133.88 Homeowner's Insurance

Change Payment Information

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(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Weichert Realtors Reliable Properties
Agency Phone: 1 518-312-4800

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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