Price $275,000
Status Active
Beds 2
Baths 1 Bath
Home size 1,200 sqft
Lot Size 8,277 sqft
Days on Market 13
Investor's Dream: Low-stress management, high-demand updates, and strong, verifiable cash flow make this property a mandatory addition to any serious portfolio. Don't miss this rare chance to acquire a true turnkey asset!------ Unlock immediate cash flow with this exceptional, low-maintenance investment opportunity! This meticulously updated single-family residence is primed for passive income and positioned for long-term appreciation, offering two distinct income streams and a compelling proforma (see attached). --------- Dual Income Advantage: Generating $3,200/month in gross income from two separate, secure leases. House Lease: $1,700/month, secured until July 31, 2026. Garage Lease: $1,500/month, secured until December 31, 2025 --------- Tenant-Occupied & Rented: Immediate rental income from day one. --------------- Fully Updated & Modernized: Minimizes near-term capital expenditures. The house features a desirable open-concept layout, premium granite countertops, new flooring/carpet, updated laundry facilities, and a brand-new Sub-Zero Mini-Split heating/cooling system for efficiency and tenant comfort. Premium Detached Asset: The oversized 3-Car Heated Garage is a unique, high-demand feature in the rental market, commanding a premium lease rate and attracting a professional/commercial tenant base (contractor, storage, hobbyist, etc.). ------- THE NUMBERS SPEAK FOR THEMSELVES! Review the attached Proforma Sheet for detailed income, expense, and projected cap rate analysis.
Property Type(s): Single Family
Last Updated 10/7/2025 Year Built 1880
Garage Spaces 3.0 County Albany

SCHOOLS

High School Colonie Central HS

Additional Details

AIR ductless
AIR CONDITIONING Yes
APPLIANCES Electric Oven, Electric Water Heater, Washer/Dryer, Water Heater
CONSTRUCTION Vinyl Siding
EXTERIOR None
GARAGE Yes
HEAT Ductless
LOT 8276 sq ft
LOT DIMENSIONS 0.19
PARKING Paved, Detached, Driveway, Heated Garage
SEWER Public Sewer
STYLE Old Style
TAXES 3713.62
UTILITIES Sewer Connected
WATER Public

Location

 

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