Joyce D. Garlock

288 Morton Avenue, Albany, NY 12209

New - 5 Hours Ago
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Property Description

Well-maintained three-unit property located in the City of Albany, offering strong income potential and owner-occupant flexibility. Total current gross rental income is $2,550/month, with additional upside to $3,450/month when the vacant unit is leased.The first-floor unit features 3 bedrooms and 2 full baths, currently rented at $1,350/month. The second-floor unit offers 2 bedrooms(plus bonus room) and 1 full bath, rented at $1,200/month. The third-floor unit includes 1 bedroom and 1 bath and is currently vacant, with an estimated rental value of $900/month. ROPs are current and up to date.Property is in great condition with hardwood floors throughout and a roof approximately 13 years old. Updated electrical adds to the overall value. Tenants have access to washer and dryer in the basement, off-street parking for up to three vehicles, and a private backyard.Conveniently located just off Delaware Avenue, close to shopping, dining, and public transportation. Directly across from Lincoln Park and tennis courts, and minutes from Albany Medical Center and St. Peter's Hospital.Owner currently pays water, sewer, trash, hot water, and internet. Tenants pay electric, gas, and heat. Property offers views of downtown Albany. Excellent opportunity for investors or owner-occupants seeking immediate income with additional upside.

288 Morton Avenue | MLS# 202614021

This multi-family property located at 288 Morton Avenue, Albany, NY 12209 is currently listed for sale with an asking price of $299,000. Morton Avenue is located within the Albany school district. Search Albany real estate on joyce-garlock.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Fenced: Yes
Heating: Forced Air, Hot Water, Natural Gas
Home Style: Traditional
Lot Size: 0.09 Acres
Roof Type: Asphalt
Taxes: $7,277
Year Built: 1921

Feature Descriptions

Exterior: Vinyl Siding
Exterior: None
Fencing: Fenced, Perimeter
Flooring: Tile, Hardwood
Interior: Built-in Features
Laundry: In Basement
Lot: Level, Views
Parcel #: 010100 76.47-2-4
Parking: Off Street, Paved
Parking Total: 3
Parking Total: 3
Sewer: Public Sewer
Special View Info: Downtown
SQFT Above Grade Finished: 2973
Utilities: Cable Available, Cable Connected
Water: Public
Windows: Double Pane Windows

Local Schools

High School: Albany
School District: Albany

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Estimated Payment

$ 1,359.07 per month $665.44 Principal & Interest $606.42 Property Tax $87.21 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: Field Realty
Agency Phone: 1 518-495-1877

Shown By

Agent Name: Joyce D. Garlock
Agent Phone: (518) 265-1837 Cell
Agency Title: Coldwell Banker Prime Properties

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