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Listed by Nicholas W Miuccio • Miuccio Real Estate Group

$ 600,000

Est. payment -/mo

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95 N Manning Boulevard Albany, NY 12206

11 Beds

6 Baths

3,456 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,456 sqft

Price per Sqft $173

MLS Listing ID 202629588

Bedrooms 11

Full Baths 6

HOA Y/N No

Year Built 1964

Annual Tax Amount $11,530

Lot Size 0.460 Acres

Acres 0.46

Property Sub-Type Multi Family

Source Global MLS

Property Description

Six unit brick investment property offered together with the adjoining approved buildable parcel at 91 N Manning Boulevard. Combined annual gross income of $94,800 ($7,900/month), representing a 6.33 gross rent multiplier. 95 N Manning includes six residential apartments, four rental garages and two storage sheds. 91 N Manning includes four additional rental garages, one storage shed and additional parking, offering future development potential. Income consists of six apartments ($72,000 annually), eight garages ($16,800), three sheds ($3,600), parking ($1,200) and coin-operated laundry ($1,200). Strong rental history with an average tenancy of 16 years and a 0% vacancy rate over the past decade plus. Tenants pay their own electric. No reported history of water intrusion in the basement apartments. A rare chance to own an established income producing investment with multiple revenue streams. Inquire today!

Location

State NY

County Albany

Direction 1. Head south on Everett Road (away from Albany Shaker Rd/Corporate Woods). 2. Move into the left lanes to turn left onto Central Avenue (NY-5 East). 3. Follow Central Avenue for a short distance and turn left onto N Manning Boulevard. 4. 95 N Manning Blvd will be on your left, just past the intersection with 3rd Street.

Interior

Heating Baseboard, Hot Water, Radiant

Flooring Tile, Ceramic Tile, Hardwood

Exterior

Parking Features Detached, Driveway

Garage Spaces 8.0

Utilities Available Cable Available

Roof Type Shingle,Asphalt

Porch Rear Porch, Covered

Building

Lot Description Level, Cleared

Sewer Public Sewer

Water Public

Architectural Style Apartment 4 Plus Unit

Schools

School District Albany

Others

Tax ID 010100 65.30-1-29

Special Listing Condition Standard

Anganese Gomez

NYS Licensed Real Estate Salesperson

+1(518) 941-4341 | anganesegomez@gmail.com

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