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185 Lancaster Street
Albany, NY 12210

$283,900

Information

MLS#: 201811014
Property Type: 3 Family
County: Albany
School District: Albany
Bedrooms: 1
Bathrooms: 3
Halfbaths: 0

Property Notes

Well maintained 3 family income property in the heart of Albany's Center Square neighborhood! Garden and 1st floor apartments have access to outdoor space (deck/patio). Portable air conditioners provided for tenant use, if desired. Garden level has new sleeping nook, flooring and fresh paint.

Directions

East on Washington Avenue. Right on Dove Street. Right on Lancaster Street. #185 Lancaster Street is on the right between Dove and Lark Streets.

Features

  • Excellent condition
  • ~1,716 square feet of living space
  • Age: ~167 years old (built in 1851)
  • All units have up-to-date ROP's (Residential Occupancy Permits)
  • Owner pays heat/hot water ($981/year), water/sewer ($278/year) and trash removal ($312/year) for building
  • Tenants pay own electric and cooking gas
  • Three (3) vintage, ornamental fireplace mantles - one in each apartment
  • Refinished hardwood floors - 1st and 2nd floor apartments
  • Laminate flooring and ceramic tile - Garden apartment
  • Rental Income: Garden Apartment - $800/month, First Floor Apartment - $900/month, Second Floor Apartment - $950/month
  • Apartment Availability: Garden - Leased until 8/1/2019, First Floor - Leased until 6/1/2019, Second Floor - Leased until 8/1/2019
  • Heat: Radiators. Newer power-vented gas boiler
  • Hot Water: Natural gas
  • Plumbing: Updated
  • Electrical: Updated
  • Water/Sewer: Public
  • Roof: EPDM (exact age unknown)
  • Lot Size: 22' X 55'
  • Taxes (based on Assessed Value of $199,000): Property - $2,906.60 & School - $4,611.31 (w/o STAR exemption)