611-620 N Pearl St
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611-620 N Pearl St
20 Unit Apartment Building $4,066,549 CAD ($203,327 CAD/Unit) 8.70% Cap Rate Albany, NY 12204
Investment Highlights
- (2) - 10 unit buildings
Executive Summary
This 20 unit apartment building is in a prime Menands location and offers a great opportunity for investors. Room to grow rents! The units are all in excellent condition, most with new appliances and renovated bathrooms and kitchens with granite countertops. All units have hardwood floors with the majority having been recently refinished. The building is well maintained and offers a secure and high quality living environment. With a variety of room sizes and amenities, this building offers something for everyone New boilers (2016 & 2024) have been installed for heat efficiency, all separate electric at tenant expense. Brand new laundry with 8 new coin operated machines. Nothing left to do here but collect rent.
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- Operating and Financials
Property Facts
| Price | $4,066,549 CAD | Apartment Style | Low Rise |
| Price Per Unit | $203,327 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 8.70% | Building Size | 12,696 SF |
| No. Units | 20 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2023 |
| Property Subtype | Apartment | Parking Ratio | 10/1,000 SF |
| Price | $4,066,549 CAD |
| Price Per Unit | $203,327 CAD |
| Sale Type | Investment |
| Cap Rate | 8.70% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 12,696 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1930/2023 |
| Parking Ratio | 10/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | - |
| 2+1 | 10 | - | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $797,380 CAD | |
| Land Assessment | $23,708 CAD | Total Assessment | $821,088 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$23,708 CAD
Improvements Assessment
$797,380 CAD
Total Assessment
$821,088 CAD
zoning
| Zoning Code | R2A |
| R2A |
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Jennifer Karam -
Howard Hanna Real Estate Services
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611-620 N Pearl St
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