10 Hurlbut Street

Albany NY 12209

2040 sq. ft.

2613.6 sq. ft.

Duplex

Currently for sale - view listing

Overview

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.

Features

6 bedrooms

2 bathrooms

2040 sq. ft. floor area

2613.6 sq. ft. lot size

Duplex

Property history for 10 Hurlbut Street

2022

Sold

$171,000

25 Aug 2022 by Todd Drake, of Empire Real Estate Mgmt, LLC

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