Are you an investor looking for a lucrative opportunity in the real estate market? Well, look no further! We have an exciting investment property for sale in Albany, NY that is sure to capture your attention.
Situated in a prime location, this property offers an excellent return on investment, especially for those housing Section 8 tenants. With rents at $1,760 and $1,200 per month, your bottom line will be pleased with the steady cash flow this property generates.
One of the standout features of this investment is its consistent occupancy rate. This property is always rented, ensuring a continuous stream of income for the savvy investor. Additionally, it has recently undergone a complete rehabilitation, meaning you can expect minimal maintenance costs and a hassle-free ownership experience.
The property consists of 2-4 bedroom flats, providing ample space for tenants and attracting a diverse range of potential renters. This versatility is a great advantage, as it allows for various rental options and ensures a higher likelihood of finding suitable tenants for your investment.
Now, let’s talk numbers. This Albany investment property boasts an impressive 16% cap rate, which is a measure of return on investment. This figure indicates a strong and profitable investment opportunity, far surpassing the average returns in the market.
But that’s not all! The cash on cash return for this property is a whopping 39%. This metric calculates the return on the actual cash invested, rather than the property’s overall value. A 39% cash on cash return is exceptional and clearly demonstrates the immense potential for profitability.
Investing in real estate is all about making smart decisions, and this Albany property checks all the boxes. With its high occupancy rate, recent rehab, and attractive rental income, it is sure to be a reliable and lucrative addition to your investment portfolio.
Opportunities like this don’t come around often, so don’t hesitate to make an appointment to view this property today. Take the first step towards securing your financial future by investing in this Albany NY investment property. Your bottom line will thank you for it!
273 Second Street, Albany, NY 12206