570 Western Ave Albany, NY 12203

Property Details for 570 Western Ave

Property type

Small apartment buildings

Description

This exceptional investment opportunity presents a 25-unit multifamily property ideally situated on Western Avenue in Albany, New York. The building enjoys a prime location near the intersection of Madison Avenue and Manning Boulevard, offering convenient access to public transportation, numerous shops, restaurants, and shopping centers. The property boasts a strong rental history, demonstrating consistent occupancy and income generation. The unit mix comprises a combination of one-bedroom and studio apartments, catering to a diverse range of tenants. A significant advantage for investors is that the landlord is responsible for covering all utility costs. This property is situated in Albany County, New York, with a zip code of 12203, and is conveniently located on a bus line. The asking price for this multifamily investment is $2,379,000. The property is classified as both multifamily and commercial, and while the listing indicates zero units, the marketing description clarifies that it contains 25 units. This discrepancy should be clarified during due diligence. This is a rare opportunity to acquire a well-established, income-producing multifamily asset in a highly desirable Albany location.

Location Insight

City

Albany

County

Albany

State

New York

Longitude

-73.7946931

Latitude

42.6670887