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316 Hudson Avenue
Albany, New York 12210
$405,000
Information
| MLS#: | 202312069 |
|---|---|
| Property Type: | 4 Family |
| County: | Albany |
| School District: | Albany |
| Bedrooms: | 2 |
| Bathrooms: | 4 |
| Halfbaths: | 0 |
Property Notes
Great 4 unit property in the City of Albany's Historic Hudson/Park Neighborhood! Same owner for 38 years! Fully rented with tenants paying most utilities (ask for details). Legal Conforming Use Approval Letter (Zoning Compliance Certificate) and up-to-date ROPs (Residential Occupancy Permits) for 4 apartments from the City of Albany. 2nd Floor Front apartment newly remodeled within the past 12 months. Private back yard easily accessed by Apt #2 and #4. Turn key property!
Directions
East on Washington Avenue. Right on Dove Street. Right on Hudson Avenue. #316 is on the left between Dove and Lark Streets.
Features
- Year Built: 1910 (from CRS data)
- Living Area: 3,200 square feet (from CRS data)
- Lot Size: 20.8' X 106' (from CRS data)
- Acres: 0.05 (from CRS data)
- Exterior: Brick and Wood
- Roof: Rubber (~18 years old, coated 4/2022 and twice previous to 4/2022)
- Basement: Full, Unfinished (Accessible from sidewalk and first floor common hallway) (Has 4 hot water tanks and ample room for storage if desired)
- Heating System: 4 Rinnai heaters and electric baseboard
- Heat Fuel: Natural gas and electric
- Water: Public
- Sewer: Public
- Washer/Dryer: Coin-op, located in first floor rear hallway (Accessible to Apt #2 and #4 only)
- Apt #1 - 1st Floor Front - (Studio) Leased until 7/31/2024 for $675/month w/ electric included. Tenant pays own heat and cooking gas
- Apt #2 - 1st Floor Rear - (1 BR) Leased until 9/30/2024 for $1,250/month. Tenant pays own heat, hot water, cooking gas and electric
- Apt #3 - 2nd Floor Front - (Studio) Leased until 12/31/2023 for $975/month. Tenant pays own heat, hot water, cooking gas and electric
- Apt #4 - 2nd Floor Rear - (1 BR) Leased until 8/31/2024 for $1,250/month. Tenant pays own heat, hot water, cooking gas and electric
- Total income: $49,800/year
- Insurance: $2,324.00/year
- Electric: $1,192.00/year (Owner pays common space electric and Apt #1 electric and hot water)
- Water/Sewer: $271.00/year
- Taxes (based on Assessed Value of $286,000.00): Total: $13,792.81 (Property: $5,411.27 - includes City of Albany Waste Collection Fee of $360.00 & School: $8,381.54 - w/o STAR exemption)