If you’re an investor or a family in search of a great real estate opportunity, look no further than Albany, as two properties have just hit the market and they are perfect for those seeking rental income. However, it’s important to note that the buyer must be willing to take both properties as they will not be sold separately. Let’s take a closer look at what these properties have to offer.
The first property is a charming 3-bedroom house that is currently occupied by tenants. Located at 1 Frost Street, this house is a great investment opportunity as it comes with a steady rental income. With the property already tenant-occupied, you can start earning rental income immediately upon purchase. This is a major advantage for investors looking to generate cash flow right from the start.
Additionally, the house at 1 Frost Street is being sold alongside another property listed separately as 1054 Central Ave (MLS 202316410). The combination of these two properties presents an even more enticing opportunity for potential buyers. By purchasing both properties, you not only secure a rental income from the 3-bedroom house but also gain access to a huge back parking lot that is currently utilized by tenants in both buildings.
The back parking lot is a valuable asset as it provides convenience for tenants and potential for additional income streams. Whether it’s offering parking spaces for rent or using the space for other purposes such as events or storage, the possibilities are endless. This extra space adds versatility and potential for maximizing your investment.
Now, let’s talk about the financial aspect. The 3-bedroom house at 1 Frost Street is listed for $250,000. However, if you seize the opportunity to purchase both properties together, you can secure the deal for $500,000. This bundled offer provides an attractive discount and opens up even greater potential for return on investment.
Investing in real estate, especially when it comes to rental properties, has always been a smart move. Albany, with its growing economy and demand for housing, presents a promising market for those looking to capitalize on rental income. With the combination of these two properties, you not only gain a well-maintained 3-bedroom house but also a valuable parking lot that can enhance your investment.
Whether you’re an investor seeking a profitable venture or a family looking to secure rental income, this opportunity in Albany should not be missed. Act fast and make an offer for both properties and start reaping the rewards of rental income and the added potential of the back parking lot. Don’t delay, as this deal won’t last long. Contact the listing agent today and secure your future in Albany real estate.
1 Frost Place, Albany, NY 12205