347 Pearl StAlbany, NY 12202

This exceptional investment opportunity presents a mixed-use property located at 347 S Pearl Street in Albany, New York, 12202. The offering includes a street-level commercial space featuring newly installed luxury vinyl tile (LVT) flooring and a renovated bathroom. This space is currently vacant, presenting immediate potential for lease income. Above the street level are two to four bedroom apartments, each boasting renovated kitchens and bathrooms. These apartments currently generate a gross annual income of $16,500. The building is equipped with on-demand hot water and heat. Adding significant value to this offering are two vacant lots located at 74 and 76 Broad Street, included in the sale. The total asking price for this entire package is $179,000. The property is being sold "as is." The square footage of the building is not currently available. This presents a unique chance to acquire a multi-faceted property in a desirable Albany location with immediate income potential and significant upside through lease-up of the vacant commercial space and potential development of the vacant lots. This is an ideal opportunity for investors seeking a strong return on investment in a growing market.