10 Hurlbut Street, NY 12209
- $259,000
- 6
- BD
- 2
- BA
- 2,040
- SqFt
- List Price
- $259,000
- MLS#
- 202617519
- Style
- Traditional
- Bedrooms
- 6
- Bathrooms
- 2
- Subdivision
- Select One
Property Description
Renovated duplex in Albany's high-demand Delaware Avenue corridor -- primed for immediate income. Both units are vacant and ready for tenants the moment cosmetic finishing is complete. Each unit offers 3 bed / 1 bath with a full living room and dining room across ~1,020 sq ft. Recent renovations include new roof vent, new kitchen cabinets in unit 1 as well as new flooring in kitchen and bathroom. ROP valid through January 2028. Electric and gas are separately metered and fully tenant-paid, keeping owner expenses lean. Taxes ~$4,236/yr. The numbers: List $259,000; Market rent: ~$1,700/unit/month; Gross annual income: ~$40,800; Projected cap rate: 11%+; Gross yield: 15%+ Minutes from Albany Law School, Albany Medical College, and The Sage Colleges -- a reliable, built-in renter base. Short distance to the State Capitol and downtown Albany employment hub. No inherited leases. No utility exposure. Set your rents, choose your tenants, start earning.
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Additional Information
- Taxes
- $4,236
- Acres
- 0.06
- School District
- Albany
- Heating
- Forced Air
- Cooling
- None
- Exterior Features
- None
- Construction
- Aluminum Siding
- Roof
- Rubber
- Parking
- None
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Listing courtesy of listing agent Wendy Towers with Redway Realty LLC Brokerage, 518-337-0256.
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