683 State St

Albany NY 12203

1750 sq. ft.

2613.6 sq. ft.

Duplex

Currently for sale - view listing

Overview

A rare find in Albany's Pine Hills: Updated two-unit property that works equally well as a primary home with income offset, or a turnkey cash-flowing investment. For the Home Buyer Live in one unit and let your tenant help pay your mortgage. The first-floor unit is rented - that income starts working for you on day one. Your unit has been fully renovated with vinyl plank flooring, a marble-look tiled bathroom with rainfall shower, recessed lighting, in-unit laundry, new windows, and modern finishes throughout. Move in and enjoy -- everything has already been done. Qualifies for FHA owner-occupied financing. For the Investor True turnkey -- no renovation risk, no capital expenditure queue. Both units feature spacious 3-bedroom layouts with the amenity combination renters actually want: off-street parking and in-unit laundry. Existing income in place with room to optimize rents. Projected pro forma cap rate of 10%+. Strong, durable rental demand from UAlbany students, healthcare workers, and state employees keeps vacancy risk low. The Location Pine Hills is one of Albany's most consistently occupied rental submarkets -- walkable, well-connected, and minutes from UAlbany, major healthcare campuses, state offices, dining, and transit. Agent is the Ownerr

Features

6 bedrooms

2 bathrooms

4 carspaces

1750 sq. ft. floor area

2613.6 sq. ft. lot size

Duplex

Property history for 683 State St

2021

Sold

$152,500

25 Jun 2021 by Adam Nye, of Keller Williams Capital

2017

Sold

$20,000

26 Sep 2017 by Albany County Land Bank, of Albany County Land Bank

2005

Sold

$100,000

11 Mar 2005 by Timothy Kircher, of Century 21 Select

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