423 Hamilton Street
423 Hamilton Street
$375,000
8
2
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Description
This is a turn-key student rental property with strong positive cash flow. Using my sample pro-forma your positive cash flow will over $14,000/yr assuming an 80% mortgage at 8%. Cap rate of 13.0%. Text or email seller for the pro-forma. The 2-family house on a quiet dead-end street is in excellent condition and needs no repairs or improvements. 4 BRs on the 1st floor ($2,420/mo) leased through May ' 25 and 4BRs on the 2nd floor ($1,770) leased through May of '24. The property was fully renovated...This is a turn-key student rental property with strong positive cash flow. Using my sample pro-forma your positive cash flow will over $14,000/yr assuming an 80% mortgage at 8%. Cap rate of 13.0%. Text or email seller for the pro-forma. The 2-family house on a quiet dead-end street is in excellent condition and needs no repairs or improvements. 4 BRs on the 1st floor ($2,420/mo) leased through May ' 25 and 4BRs on the 2nd floor ($1,770) leased through May of '24. The property was fully renovated in 2011. Includes all appliances (Fridges, ranges, DWs, Micros) with Washer/Dryer in the basement. Roof, boilers (2011), water heaters, electric, plumbing, & appliances are all in great shape and nothing is needed. All renovations and maintenance has been done to a very high level.
- Listed by Derek Morgan • Unreal Estate Brokerage LLC
Property Details for 423 Hamilton Street
Architectural Style
Other
WaterfrontNo
Parking Total4.00
Location
LISTING UPDATED: 04/25/2024 01:41 PM
Property Details for 423 Hamilton Street
Status | Active |
---|---|
MLS # | 202415805 |
Days on Market | 9 |
Taxes | $4,097 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Duplex |
Year Built | 1905 |
Lot Size | 0.08 AC / 3,484 SF |
County | Albany County |
Location
Building Information for 423 Hamilton Street
Stories-Residences-Year Built1905Building Size-Lot Size0.08 AC / 3,484 SF
Payment Calculator
$2,388 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 423 Hamilton Street
Property History for 423 Hamilton Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 423 Hamilton Street
Taxable ValueLand$19,400Additions$77,600Total$97,000
Home Facts
Baths2Total Finished SqFt2,264 SqFtAbove Grade Finished SqFt2,264 SqFtStories2Lot Size3,500 SqFtStyleDuplexYear Built1910ZoningR4CountyALBANYAPN010100 65.69-1-36
Schools near 423 Hamilton Street
This home is within Albany City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 6 |
Rating | School | Distance |
---|---|---|
Philip J Schuyler Achievement Academy PublicPK to 5 | ||
Stephen And Harriet Myers Middle School Public6 to 8 | ||
Albany High School Public9 to 12 | ||
Thomas S O Brien Academy Of Science And Tech PublicPK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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