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About the Listing o1813A - 21757,24684
Turnkey 18-Unit Portfolio - $1,990,000 ($110K/Unit) Rare opportunity to own two adjacent, fully occupied multifamily buildings in Albany's desirable Park South neighborhood. 102 & 106 S Lake Ave feature a combined 18 units across ±10,263 SF on ±0.39 acres, just steps from Washington Park, Albany Medical Center, and the Empire State Plaza. Priced at $1.99M with a 7.01% cap rate based on current rents. Properties are very well maintained with no deferred maintenance. Includes ample off-street parking, a 3-car garage, and coin-operated laundry for additional income. Upside potential through rent increases on below-market units and monetizing parking. Strong rental history makes this a perfect fit for investors seeking stable cash flow and long-term growth in a thriving urban location.
Listing Highlights for 102 S Lake Ave
Interior Details
- Bedrooms: 21
- Bathrooms: 18 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 10263
- Below Ground Sq Ft: 4672
- Basement: Finished
- Other:
- Water: Public
Exterior Details
- Garage Capacity: 3 car
- Parking Spaces: 9
- Zoning: Multi Residence
- Roof: Slate,Rubber
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $20,973
- Taxes w/Assessments: N/A
- Tax/Property ID: 010100 65.77-4-14
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
102 S Lake Ave Albany, NY 12208
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