Looking for a lucrative investment opportunity in Albany? Look no further than this mixed-use building located at [insert address]. With two apartments, commercial space, and a prime location, this property offers a diverse range of income-generating possibilities. The added benefit of Liberty Mutual being a month-to-month tenant further adds to the appeal of this property.
At a glance, this property boasts a total rental income of $3200, making it an attractive option for both seasoned investors and those new to the real estate market. The two apartments provide stable rental income, while the commercial space offers the potential for additional revenue streams. The mixed-use nature of the building provides a unique opportunity to cater to both residential and commercial tenants, ensuring a steady cash flow.
One of the standout features of this property is its prime location. Situated in Albany, a thriving city in upstate New York, this building benefits from a bustling local community and a steady influx of tourists. The area is known for its vibrant downtown scene, historical landmarks, and a variety of entertainment and cultural venues. This prime location ensures a consistent demand for rental properties, making it an ideal investment for those looking for long-term income potential.
In addition to the desirable location, this property offers five off-street parking spots. Off-street parking is a valuable commodity in urban areas, and having five dedicated spots provides convenience and peace of mind for both tenants and customers of the commercial space. This feature enhances the overall desirability of the property, making it an attractive option for potential renters and buyers.
One of the key advantages of this mixed-use building is the separation of utilities. Each unit has its own separate utilities, reducing the landlord’s expenses and ensuring that tenants are responsible for their own usage. This setup simplifies the management of the property and allows for a more streamlined financial arrangement.
For investors looking to expand their portfolio, this property offers the unique opportunity to purchase in conjunction with 444 Delaware Avenue. Combining these two properties would provide even greater income potential and a larger footprint in the Albany real estate market. The potential for increased rental income and the ability to diversify tenants across multiple properties make this a compelling proposition for investors seeking to maximize their returns.
Whether you are an experienced investor or a first-time buyer, this mixed-use building in Albany offers an enticing opportunity. With two apartments, commercial space, a prime location, and separate utilities, this property has all the ingredients for a successful investment. Don’t miss out on the chance to secure a lucrative asset in a thriving city. Contact [insert contact information] today to arrange a viewing and take the first step towards a profitable real estate venture.