Excellent fully stabilized income property with an 9.8% CAP rate. Property consists of ten buildings that were once single family homes and a motel. They have been beautifully renovated into (24) studio, 1, 2 and 3 bedroom apartments. 3.86 acre site offers additional land for further development. Owners are currently repaving and landscaping the site. Contact agent for pro forma and rent roll.
Sale/Lease: | Sale |
MLS#: | 201901012 |
Major Use: | Multi-Unit |
Building Size: | 10,052 ±SF |
Sale Price: | $1,600,000 |
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Pyramid Brokerage Co. of Albany
Real Estate Brokers & Agents