257 Western Avenue, Albany, NY 12203

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Property Description

Excellent opportunity to own a fully renovated 3-unit investment property in one of Albany's strongest rental corridors! 257 Western Ave has been renovated from top to bottom, including major improvements such as rebuilt fire escapes, new plumbing, electric and new hot water tanks. Great opportunity for investors - a turn-key asset with significant upside potential. Two units are currently vacant, and the third unit will be vacated at the end of May, creating the rare opportunity for an owner to place their own tenants at current market rents and maximize cash flow from day one. Separate utilities keep operating expenses streamlined for ownership. Located in a high-demand rental area near colleges, hospitals, restaurants, shopping, public transportation and downtown Albany. Whether you are looking to expand your portfolio or owner occupy while generating income, this property checks all the boxes. Showings begin Saturday 5/9.

257 Western Avenue | MLS# 202616546

This multi-family property located at 257 Western Avenue, Albany, NY 12203 is currently listed for sale with an asking price of $424,900. Western Avenue is located within the Albany 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: Apartment, Exterior Entry, Finished, Walk-Out Access
Heating: Baseboard, Natural Gas
Home Style: Traditional
Lot Size: 0.05 Acres
Roof Type: Rubber
Taxes: $4,850
Year Built: 1890

Feature Descriptions

Days on Site: 2
Exterior: None
Exterior: Brick
Flooring: Ceramic Tile, Hardwood, Laminate
Interior: Paddle Fan, High Speed Internet, Built-in Features, Ceramic Tile Bath, Crown Molding
Laundry: In Basement
Lot: Level
Lot Dimensions: 17.50 x 116
Parcel #: 65.61-5-51
Parking: None
Patio/Porch: Deck
Sewer: Public Sewer
SQFT Above Grade Finished: 2550
SQFT Below Grade Finished: 850
Water: Public

Local Schools

High School: Albany
School District: Albany

Estimate Your Payment

Estimated Payment

$ 1,473.74 per month $945.64 Principal & Interest $404.17 Property Tax $123.93 Homeowner's Insurance

Change Payment Information

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yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Clancy Real Estate
Agency Phone: 1 518-861-7016

Shown By

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

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