Attention Investors: Albany NY Investment Property For Sale
Are you looking for a lucrative investment opportunity in the real estate market? Look no further than this exceptional Albany NY investment property for sale. With housing section 8 tenants currently renting at $1,760 and $1,200 per month, this property guarantees a steady stream of income that is sure to please your bottom line.
This newly rehabbed property offers an excellent opportunity to capitalize on the high demand for rental housing in Albany. Boasting 2-4 bedroom flats, this property caters to the needs of various tenant sizes, ensuring a diverse pool of potential renters. The property’s prime location in Albany also ensures a consistent influx of tenant inquiries, making it an ideal investment opportunity.
One of the most attractive aspects of this investment property is its impressive financial performance. With a cap rate of 16%, investors can expect a solid return on their initial investment. Additionally, the property boasts an astounding 39% cash on cash return, indicating its potential to generate substantial profits. These figures make it clear that this investment is not one to be overlooked.
Furthermore, the property’s consistent occupancy rate is a testament to its desirability. With a history of always being rented, investors can rest assured that their investment will not sit vacant, resulting in a loss of potential income. This reliability is invaluable in the real estate market, where vacant properties can quickly erode profits.
Investing in this Albany NY investment property is a smart move for any investor looking to diversify their portfolio and secure a reliable income stream. The combination of high rental rates, consistent occupancy, and impressive financial returns make this property an attractive proposition that is sure to not disappoint.
To fully appreciate the potential of this investment property, we encourage you to make an appointment for a viewing today. Our team will be more than happy to guide you through the property and provide you with all the necessary information you need to make an informed investment decision.
Don’t miss out on this exceptional opportunity to enter the Albany real estate market and enjoy the financial rewards it offers. Contact us today to schedule your appointment and take the first step towards a successful investment journey.