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113 S Lake Ave 4 Unit Apartment Building $549,000 ($137,250/Unit) Albany, NY 12208
Executive Summary
Proudly Family Owned since 1982 & nestled in the heart of Albany, 113 S Lake Avenue is a well maintained four unit property offering 'Old Charm' & excellent long term investment potential. The spacious first floor apartment features 2 bedrooms & 1 1/2 baths ideal for an owner occupant or a premium rental. The upper levels include 3 additional one bedroom, one bathroom apartments, each thoughtfully maintained & consistently rented. Tenants pay their own heat & electric keeping operating costs low & management simple. Outside, a freshly paced driveway & parking lot provide exclusive off street parking for 8+ vehicles, a rare find for this desirable location. Conveniently situated near major hospitals, medical colleges & city amenities, this property attracts steady demand & thus, boasts a long track record of reliable tenants & consistent income. Call now!
Property Facts Under Contract
| Price | $549,000 | Building Class | C |
| Price Per Unit | $137,250 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,760 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 1.6/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2A | ||
| Price | $549,000 |
| Price Per Unit | $137,250 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,760 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | R2A |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1.5 | 1 | - | - |
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 010100-065-077-0002-019-000-0000 | Improvements Assessment | $174,000 |
| Land Assessment | $77,000 | Total Assessment | $251,000 |
Property Taxes
Parcel Number
010100-065-077-0002-019-000-0000
Land Assessment
$77,000
Improvements Assessment
$174,000
Total Assessment
$251,000
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