708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
708 State Street
VIEW PHOTOS
$329,900

708 State Street

6 Beds 2 Baths 2,024 Sq.Ft.

Description

This 2 unit was completely renovated in 2022 including new furnace and central air units in each apartment. Currently 1st floor owner occupied second floor AirBNB with monthly average income of $2650. CAP Rate as AirBNB High Market 18.4% Low Market 14.4%. As Long Term Rentals High Market Cap Rate 11.1% Low Market Cap Rate 9.5% (see income expense Sheets) in 2022. The complete renovation included new electrical service, hot water heaters, kitchens and baths. This is a prime investment property or owner occupy one floor and let the other pay most of your mortgage. Check out the virtual tour!!!

Share Property

Location

708 State Street, Albany, NY 12203

Status

Sold
Joseph Cardinale

Joseph Cardinale

TITLE

Licensed Real Estate Salesperson

Property Amenities

Interior
Laundry room In Basement
Flooring Carpet, Laminate, Linoleum
Total Bedrooms: 6
Full Bathrooms: 2
Other Interior Features Solid Surface Counters, High Speed Internet
Area & Lot
Lot Area 2,613.6 Sq.Ft.
Living area 2,024 Sq.Ft.
MLS® ID 202421527
Year Built 1920
School District Albany
High School Albany
Type Multi-Family
Status Sold
Exterior
Air conditioning Central Air
Heat type Forced Air, Natural Gas
Water Source Public
Sewer Public Sewer
Other Exterior Features None
Parking None
Lot Features Level
Roof Built-Up
Utilities Cable Available
Finance
Sales Price $329,900
Real Estate Tax $8,968 yearly

360 Virtual Tour

Take a tour of this property

Your Dream Home is Closer Than You Think

The Joseph Cardinale Team is dedicated to providing you with exceptional service and unparalleled expertise. Reach out to us today.