38 Main Ave Albany, NY 12208
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21-Unit Apartment Building, Prime Location
Property Features for 38 Main Ave
General Information
- Property type
- Multifamily properties
Listing Agency: REALTY ONE GROUP KEY Listing Agent: Ryan Mortka
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a 21-unit, five-story apartment building located at 38 S Main Avenue in Albany, New York, 12208. Priced at $2,427,000, this property boasts a strong rental history and is currently 100% occupied, offering immediate cash flow. The building features a convenient elevator and an attractive lobby and common area, enhancing tenant appeal. Its prime location offers easy access to key Albany attractions, including state Capital buildings, SUNY Albany, and major highways. The building's design is reminiscent of classic New York City apartment buildings. Tenants are responsible for their own utilities, while the landlord covers hot water and cable/internet expenses. This well-maintained property represents a compelling investment prospect in a thriving urban setting. The property is classified as both commercial and multifamily, offering a versatile investment opportunity. The building is situated in Albany County and benefits from its proximity to various amenities and transportation networks. This is a rare opportunity to acquire a fully occupied, high-performing multifamily asset in a desirable location. The building's strong occupancy rate and convenient amenities make it an attractive investment for both seasoned and new investors.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Westerly
Apartment Building
Location Insight
- Map
- Local Demand
- City
- Albany
- County
- Albany
- State
- New York
- Longitude
- -73.7905775
- Latitude
- 42.6626095
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FAQs
What type of property is this?
Multifamily property - 21-Unit Apartment Building, Prime Location
Where is this multifamily property located?
The property is located at 38 Main Ave Albany, NY.
What is the asking price?
The asking price for this property is $2,427,000.
What are key features of this property?
This property features: $2,427,000 asking price.; 21-unit, 5-story apartment building in Albany, NY.; Located in a prime location near Capital buildings, SUNY, and major highways.
