75 N Main Avenue, Albany is a great investment well maintained filled with updates


75 N Main Avenue

$225,000

Whether you are looking for an investment or a chance to reduce your monthly mortgage payments this three unit is a great opportunity. Centrally located, the apartments are spacious and filled with charm. Many updates including replacement windows, new electrical service, upgraded kitchens, refinished wood floors, roof (2007) ensure that upkeep will be minimal. Tenants pay own utilities. 

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A classic Albany multifamily, 75 North Main Avenue sits on a lovely corner lot with a fenced and grassy backyard. The first floor unit runs the length of the building and features two bedrooms, an office, a lovely enclosed and heated porch, a large living room with dining area, and a well-appointed kitchen (including a dishwasher!). The floors are gleaming and the woodwork adds to the appeal. Off the office is a sliding glass door to a small deck and the fenced and grassy backyard. There is a washer and dryer in the basement available exclusively for this unit.

The second floor front unit boasts both an open porch off the foyer as well as an enclosed and heated one inside the apartment. The living room is spacious and bright. There is one bedroom, an updated kitchen and an eating area. The bathroom features attractive ceramic tile and the floors were recently refinished.

The second floor rear apartment has one bedroom with an efficiently designed kitchen (complete with a built-in dining nook) and access to a small back deck/exterior stairway.

All the units have access to the basement for storage as well as the partially finished attic. Tenants pay for their own utilities (with the exception of water and sewer). Don't miss this great opportunity!

Bedrooms: 4
Baths: 3
Square Footage: 2336
Age: 87
Lot Size: 27 x 85
Garage:
Heating system/fuel: Hot water/ natural gas
Sewer and water: Public
Cooling:
Amenities: Wood floors, 2 enclosed porches, ceramic tile
Appliances: 3 refrigerators, 3 stoves, 1 dishwasher, 1 washer and 1 dryer
Exterior features: Fenced, grassy yard, 2 front porches
Taxes: $6500 w basic STAR
Utility Costs: Gas and electric paid by tenants
School District: Albany

Home Improvements

  • New Roof – 30 year shingle, 2007
  • Back yard access and new porch: 2011
  • Floor 1 Refinished Floors: 2007
  • Floor 2F Refinished Floors: 2014
  • New Electrical Service all units: 2014
  • Washer/Dryer Floor 1: 2011
  • Floor 1 Kitchen Updated in 2010
  • Floor 2F Kitchen Updated 2010

Exterior Features

Fenced, grassy yard, 2 front porches

Notes

Current Rents:

  • Floor 1: $975
  • Floor 2 Front: $625
  • Floor 2 Rear: $585
  • Total: $2185

Expenses:

  • Insurance: approx. $1200 a year
  • Water/sewer: approx. $145 3 x a year

75 North Main Ave, Albany


75 N Main Avenue, Albany

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