Vacant Legal 4 family, in Albany NY, Needs TLC $249,000 Albany NY

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This Handyman or Investors Special property, is a legal 4 family house, located on Alexander Street in the South End-Groesbeckville Historic This house is completely vacant, and needs TLC. The siding & roof were just redone, and each it has its own separate heating system (electric baseboard). The building configured with 2 apartments of 2 bedroom each, and the another 2 its of 1 bedroom each. The House is selling As-Is, and the Owner prefers an all cash deal, but the house may be qualified for a standard mortgage too. Great investment, the ARV should be arod $450,00 and as an income property the CAP rate can be very high, close to 10%. Other brokers are welcome, but please no “whole sellers” & contract flippers. Please contact Jay for more info & showing.