1 Loralee Drive

Colonie NY 12205

2395 sq. ft.

13068 sq. ft.

Duplex

Currently for sale - view listing

Overview

An opportunity like this doesn't come along often. This rare three-family property in the Village of Colonie offers exceptional flexibility, whether you're looking for an owner-occupied property, a multi-generational living arrangement, or a strong addition to your investment portfolio. Unit 1 is a first-floor, 2-bedroom, 1-bath apartment with a long-term month-to-month tenant in place and convenient washer/dryer hookups. Unit 2 features 1 bedroom, 1 bath, and an adjoining bonus room that's perfect for a nursery, home office, or walk-in closet. A stackable washer and dryer are already in place. Upstairs, Unit 3 offers 2 bedrooms and 1 bath. Units 2 and 3 will be vacant and ready for immediate occupancy, giving you the flexibility to move right in or select your own tenants. Situated on a level corner lot in the South Colonie School District, with Saddlewood Elementary located at the end of the street, the property is close to shopping, restaurants, Albany International Airport, major highways, hospitals, and the low taxes conveniences Colonie is known for. The property has also been pre-inspected by the sellers, allowing you to move forward with added confidence. A rare Village of Colonie triplex opportunity with outstanding versatility and income potential.

Features

5 bedrooms

3 bathrooms

8 carspaces

2395 sq. ft. floor area

13068 sq. ft. lot size

Duplex

Property history for 1 Loralee Drive

2022

Sold

$269,900

26 Aug 2022 by Brian McQueen, of INMO Realty Company, LLC

2008

Sold

$176,900

18 Mar 2008 by Barbara Huba, of Keller Williams Capital Dist

Happy sellers in Colonie

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