34-36 Sparkill Call Listing Agent, NY 12208
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1044479
Style Row Dwelling
Rental Info No
Year Built 1929
Annual Tax Amount $22,704
Property Sub-Type Multi Family
Source onekey2
Property Description
Exceptional opportunity to acquire two 5-unit multifamily apartment buildings offering a combined 10 residential units and strong existing income. With a gross annual income of $146,052 and a 7.5% cap rate, this portfolio presents an attractive opportunity for investors looking to expand their holdings with an income-producing multifamily asset.
Sparkill Avenue Property – 6,608 Sq. Ft. | 5 Units
The larger building consists of four spacious two-bedroom apartments and one one-bedroom basement apartment. Tenants pay their own utilities, helping reduce the owner's operating expenses and supporting stronger overall cash flow.
Second Property – 4,209 Sq. Ft. | 5 Units
The second building offers a diversified unit mix consisting of three one-bedroom apartments, one two-bedroom apartment, and one studio apartment, providing rental options that appeal to a broad tenant base.
Together, the properties offer approximately 10,817 square feet, 10 rental units, and an established income stream. The combination of multiple unit sizes, tenant-paid utilities at the Sparkill property, and a 7.5% cap rate makes this an opportunity worth serious consideration for both experienced multifamily investors and buyers looking to grow their real estate portfolio.
10 Units • $146,052 Gross Annual Income • 7.5% Cap Rate • Approximately 10,817 Combined Sq. Ft.
A compelling multifamily investment with immediate income and long-term potential. Add two income-producing properties to your portfolio in one transaction. The other property adress is 287 Mrytle Ave.
Location
State NY
County Albany County
Rooms
Basement Unfinished
Interior
Heating Baseboard, Steam
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Private, Water Connected
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick,Vinyl Siding
Schools
Elementary Schools Delaware Community School
Middle Schools Stephen And Harriet Myers Middle School
High Schools Albany
School District Albany
Others
Special Listing Condition None
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