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Updated about 7 years ago,
2-Family CASH COW in Albany, NY
If you’re looking for an incredible rental property that will yield MASSIVE CASH FLOW, this is it.
This is a 2-family building with combined fair market rents of $2500/mo. You'd expect to pay upwards of $175,000 or more for a property like this. (That is its value with a 12 CAP.)
Instead, you can pick this cash-cow up for just $69,700. It needs about $30,000 in rehab to bring it up to rental standard. – so the whole project is an investment of $100,000.
You’ll have a Net Operating Income of over $20,000.
That's a 20% annual return!
Your monthly cash flow is over $1,500.
Where else can you find a deal like this!!!!
Here are some more details:
It’s located across the street from Swineburne Park and the West Hill Fire House with easy access to public transportation. It’s only six blocks from the College of Saint Rose. All of these features help make it a very marketable property.
To make it even sweeter - it may well qualify for a grant for up to $50,000 through the Albany Vacant Building Rehabilitation Program.
I know some savvy investor is going to pick this up SOON! So, if you are interested, contact me ASAP!!
Gordon Graham, Landmark Homebuyers; [email protected]; 617-312-9833 (C).