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97-99 Homestead

Albany, NY 12203

Pending

$1,199,900

Listing by:
Kevin Clancy
Clancy Real Estate
518-461-9937

Rare opportunity to own an impressive 8-unit investment property consisting of two meticulously maintained brick buildings at 97 and 99 Homestead Avenue. Each building features four spacious apartments, three garage bays, basement storage, and common coin-operated laundry. The properties share a driveway and offer six total garage bays with ample additional off-street parking. The updated apartments feature hardwood floors, open layouts, and attractive finishes, including granite countertops and radiant-heated bathroom floors in select units. Freshly painted exteriors and well-maintained landscaping add to the property's strong curb appeal. Fully occupied and currently generating approximately $129,000 in annual gross rental income, with the potential to increase to approximately $153,600 annually at market rents. Ideally located and truly turnkey, this is an excellent opportunity for an investor looking to add a high-quality asset to their portfolio. Properties like this rarely become available!

$1,199,900
16.0
Bedrooms
8
Bathrooms
6,184
Sq. Ft.
$ 194
$/Sq. Ft.
0.34
Acres
Year Built:
1940
County:
Albany
School District:
Albany
Acres:
0.34
Listing Agent:
Kevin Clancy
Listing Office:
Clancy Real Estate
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BUYER'S AGENT

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Features

Square Feet: 6,184
Town: Albany
Bedrooms: 16
Full Bathrooms: 8
Estimated Taxes: $12,216
Water: Public
Sewer: Public Sewer
Heat: Hot Water, Radiant, Radiant Floor, Natural Gas
Garage: 6
Property Style: Apartment 4 Plus Unit
Exterior: Brick
Exterior Features: Other
Cooling: Window Unit(s)
Parking Spaces: 14

Location



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