102 S Lake Ave Albany, NY 12208
Two adjacent, fully occupied multifamily buildings in Albany's Park South.
Source:
Pyramidbrokerage
Listing Agent: Pyramid Brokerage Albany
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Turnkey Multifamily Portfolio in Albany
This is a rare opportunity to own two adjacent, fully occupied multifamily buildings located in the desirable Park South neighborhood of Albany. The properties, situated at 102 & 106 S Lake Ave, comprise a combined 18 units within approximately 10,263 square feet on approximately 0.39 acres. The location is steps from Washington Park, Albany Medical Center, and the Empire State Plaza. The properties are very well maintained with no deferred maintenance. Additional amenities include ample off-street parking, a 3-car garage, and coin-operated laundry, which provides additional income. There is upside potential through rent increases on below-market units and monetizing parking. The strong rental history makes this a suitable investment for those seeking stable cash flow and long-term growth in a thriving urban location.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7778359
- Latitude
- 42.6573278
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two adjacent, fully occupied multifamily buildings in Albany's Park South.
Where is this apartment building located?
The property is located at 102 S Lake Ave Albany, NY.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: - Turnkey 18-unit portfolio in Albany's desirable Park South neighborhood.; - High 7.01% cap rate based on current rents.; - Fully occupied with strong rental history, providing stable cash flow.