Turn Key, Very well maintained 11 unit. 9 apartments, all long term tenants, & 2 retail spaces currently occupied by 1 tenant, several years left on the lease & 5% bumps annually.Many improvements made in the 3 years. All apts are m to m. Tenants pay utilities. Stairwells are fully sprinkled. Property has cameras. Rents are low considering condition and amenities. Long term manager willing to stay. Preliminary approval to convert current retail space to 5 apts increasing income by $30K. NOI $80,000 8.25% Cap Rate

Exterior Type AluminumBrickWood Lot Size 55 X 74.6 Roof Asphalt ShingleRubber Style Apartment 4+ Units

Abv Grnd Sq Ft Source Actual Abv Grnd Sq Ft Source1 Crs Air Conditioners 2 Basement FullExterior EntryUnfinished Below Ground Sq Ft 2808 Cooling Type Window A/C Unit Dishwashers 4 Dryers 4 Flooring Ceramic TileConcreteCarpet-Wall/WallHardwoodVinyl Handicap Access See Remarks Heat Fuel Natural Gas Heat System RadiatorBaseboardH/W-Baseboard Refrigerators 10 Stoves 10 Unit Eight Beds 2 Unit Eight Full Baths 1 Unit Eight Rooms 4 Unit Five Beds 0 Unit Five Full Baths 1 Unit Five Rooms 2 Unit Four Beds 2 Unit Four Full Baths 1 Unit Four Rooms 4 Unit One Beds 1 Unit One Full Baths 1 Unit One Partial Baths 0 Unit One Rooms 3 Unit Seven Beds 0 Unit Seven Full Baths 1 Unit Seven Rooms 2 Unit Six Beds 2 Unit Six Full Baths 1 Unit Six Partial Baths 0 Unit Six Rooms 4 Unit Three Beds 0 Unit Three Full Baths 1 Unit Three Partial Baths 0 Unit Three Rooms 2 Unit Two Beds 3 Unit Two Full Baths 1 Unit Two Partial Baths 0 Unit Two Rooms 5 Washers 4

Assumable Mortgage No City Town Taxing Entity Albany General Taxes 6222 General Taxes Description Actual Insurance Exp Description Actual Other Income Description Actual Rental Income 105150 Rental Income Description A School Taxes 9941 School Taxes Description Actual Sewer Public Sewer Expense Desc Actual Special Market Conditions No Special Conditions Total Income Description Actual Total Taxes 16163 Total Taxes Description Actual Unit Eight Location 67-3A Unit Eight Monthly Rent 900 Unit Eight Occupancy Month-To-Month Unit Eight Owner Furnishes Water & SewerTrash RemovalLawn Care Unit Eight Rent Desc Actual Unit Five Location 65-3B Unit Five Monthly Rent 650 Unit Five Occupancy Month-To-Month Unit Five Owner Furnishes Water & SewerTrash RemovalLawn Care Unit Five Rent Desc Actual Unit Four Location 65-3A Unit Four Monthly Rent 925 Unit Four Occupancy Month-To-Month Unit Four Owner Furnishes Water & SewerTrash RemovalLawn Care Unit Four Rent Desc Actual Unit One Location 65-1A Unit One Monthly Rent 825 Unit One Occupancy Month-To-Month Unit One Owner Furnishes Water & SewerTrash RemovalLawn Care Unit One Rent Desc Actual Unit Owner Furnishes Water &Amp; SewerTrash RemovalLawn Care Unit Seven Location 67-2B Unit Seven Monthly Rent 650 Unit Seven Occupancy Month-To-Month Unit Seven Owner Furnishes Water & SewerTrash RemovalLawn Care Unit Seven Rent Desc Actual Unit Six Location 67-2A Unit Six Monthly Rent 900 Unit Six Occupancy Month-To-Month Unit Six Owner Furnishes Water & SewerTrash RemovalLawn Care Unit Six Rent Desc Actual Unit Three Location 65-2B Unit Three Monthly Rent 650 Unit Three Occupancy Month-To-Month Unit Three Owner Furnishes Water & SewerTrash RemovalLawn Care Unit Three Rent Desc Actual Unit Two Location 65-2A Unit Two Monthly Rent 995 Unit Two Occupancy Month-To-Month Unit Two Owner Furnishes Water & SewerTrash RemovalLawn Care Unit Two Rent Desc Actual Water Public Water Expense Description Actual

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Date	Days Ago	Event	New Price
Feb 15, 2021	57 days ago	Price Increased : $20,000 (2.11%)	$969,900
Feb 10, 2021	62 days ago	Price Reduced : $-20,000 (-2.06%)	$949,900
Nov 3, 2020	161 days ago	Price Reduced : $-100 (-0.01%)	$969,900
Oct 8, 2020	187 days ago	Price Reduced : $-25,000 (-2.51%)	$970,000
Jul 9, 2020	278 days ago	New on market	$995,000

65-67 Watervliet Av

Description

School Ratings & Info

Description

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65-67 Watervliet Av Albany, NY 12206

Property Description

Exterior Type	Aluminum Brick Wood
Lot Size	55 X 74.6
Roof	Asphalt Shingle Rubber
Style	Apartment 4+ Units

Abv Grnd Sq Ft Source	Actual
Abv Grnd Sq Ft Source1	Crs
Air Conditioners	2
Basement	Full Exterior Entry Unfinished
Below Ground Sq Ft	2808
Cooling Type	Window A/C Unit
Dishwashers	4
Dryers	4
Flooring	Ceramic Tile Concrete Carpet-Wall/Wall Hardwood Vinyl
Handicap Access	See Remarks
Heat Fuel	Natural Gas
Heat System	Radiator Baseboard H/W-Baseboard
Refrigerators	10
Stoves	10
Unit Eight Beds	2
Unit Eight Full Baths	1
Unit Eight Rooms	4
Unit Five Beds	0
Unit Five Full Baths	1
Unit Five Rooms	2
Unit Four Beds	2
Unit Four Full Baths	1
Unit Four Rooms	4
Unit One Beds	1
Unit One Full Baths	1
Unit One Partial Baths	0
Unit One Rooms	3
Unit Seven Beds	0
Unit Seven Full Baths	1
Unit Seven Rooms	2
Unit Six Beds	2
Unit Six Full Baths	1
Unit Six Partial Baths	0
Unit Six Rooms	4
Unit Three Beds	0
Unit Three Full Baths	1
Unit Three Partial Baths	0
Unit Three Rooms	2
Unit Two Beds	3
Unit Two Full Baths	1
Unit Two Partial Baths	0
Unit Two Rooms	5
Washers	4

Assumable Mortgage	No
City Town Taxing Entity	Albany
General Taxes	6222
General Taxes Description	Actual
Insurance Exp Description	Actual
Other Income Description	Actual
Rental Income	105150
Rental Income Description	A
School Taxes	9941
School Taxes Description	Actual
Sewer	Public
Sewer Expense Desc	Actual
Special Market Conditions	No Special Conditions
Total Income Description	Actual
Total Taxes	16163
Total Taxes Description	Actual
Unit Eight Location	67-3A
Unit Eight Monthly Rent	900
Unit Eight Occupancy	Month-To-Month
Unit Eight Owner Furnishes	Water & Sewer Trash Removal Lawn Care
Unit Eight Rent Desc	Actual
Unit Five Location	65-3B
Unit Five Monthly Rent	650
Unit Five Occupancy	Month-To-Month
Unit Five Owner Furnishes	Water & Sewer Trash Removal Lawn Care
Unit Five Rent Desc	Actual
Unit Four Location	65-3A
Unit Four Monthly Rent	925
Unit Four Occupancy	Month-To-Month
Unit Four Owner Furnishes	Water & Sewer Trash Removal Lawn Care
Unit Four Rent Desc	Actual
Unit One Location	65-1A
Unit One Monthly Rent	825
Unit One Occupancy	Month-To-Month
Unit One Owner Furnishes	Water & Sewer Trash Removal Lawn Care
Unit One Rent Desc	Actual
Unit Owner Furnishes	Water &Amp; Sewer Trash Removal Lawn Care
Unit Seven Location	67-2B
Unit Seven Monthly Rent	650
Unit Seven Occupancy	Month-To-Month
Unit Seven Owner Furnishes	Water & Sewer Trash Removal Lawn Care
Unit Seven Rent Desc	Actual
Unit Six Location	67-2A
Unit Six Monthly Rent	900
Unit Six Occupancy	Month-To-Month
Unit Six Owner Furnishes	Water & Sewer Trash Removal Lawn Care
Unit Six Rent Desc	Actual
Unit Three Location	65-2B
Unit Three Monthly Rent	650
Unit Three Occupancy	Month-To-Month
Unit Three Owner Furnishes	Water & Sewer Trash Removal Lawn Care
Unit Three Rent Desc	Actual
Unit Two Location	65-2A
Unit Two Monthly Rent	995
Unit Two Occupancy	Month-To-Month
Unit Two Owner Furnishes	Water & Sewer Trash Removal Lawn Care
Unit Two Rent Desc	Actual
Water	Public
Water Expense Description	Actual