Albany, NY Excellant Buy & Hold Investment Properties

[Ed McClements]

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Albany.

Purchase price: $219,000
Cash invested: $54,750
Sale price: $219,000

Large 3300 sq. ft., 8 Bedroom 2 Bath, Historic brick 2 family home. Located 1 mile from Albany Med, Albany Law and Delaware Ave commercial strip. Enjoy beautiful views of Lincoln Park from 2 sets of bay windows located in the living room and the dinning room. The property has an ornate facade overlooking the park. The apartment has original woodwork and moldings, a living room fireplace and hardwood floors throughout, recently redone and new painting.
Cash on Cash ROI 19.26%, Pro-Forma Cap Rate 11.03%

What made you interested in investing in this type of deal?

As an Real Estate Investment Consultant, I assist NY & Calif. investors diversify their investment portfolio.

How did you find this deal and how did you negotiate it?

RPR real estate reports on all income properties.

How did you finance this deal?

Investors are using 25% down payments