HUGE POTENTIAL ON MADISON AVE - BRING THIS HISTORIC GEM BACK TO LIFE! Calling all seasoned investors and contractors! This is your chance to breathe new life into a classic Albany triplex situated in a prime Madison Avenue location. While this property requires a comprehensive renovation due to significant water damage sustained from a neighboring building fire, the bones of a masterpiece remain. Bring your flashlight and your vision - Look past the current condition and you will find substantial original character waiting to be restored. The units still retain much of their original hardwood flooring, soaring ceilings, marble fireplace mantels, and intricate, period-specific moldings that are impossible to replicate today. This is a true blank canvas allowing for a modern layout within a historic shell. The outdoor space includes a large yard with deck and pergola. Located just steps from Washington Park, Center Square amenities, and the Empire State Plaza, the after-repair value (ARV) and rental demand in this area are exceptional. Property is being sold AS-IS. Cash or 203k/Renovation financing only. Don't miss this chance to build serious equity in one of Albany's most recognizable corridors.
