Discover a great investment opportunity in Albany's South End with this three-unit property located just minutes from Downtown Albany, the Empire State Plaza, the Albany Waterfront, and major highways. The 2nd-floor unit is vacant, offering an ideal option for an owner-occupant or immediate rental potential. The 1st-floor and 2nd-floor units offer room for cosmetic updates, allowing a new owner to add value and maximize rents, while the basement apartment has been recently updated. The 1st-floor and basement units are tenant-occupied on month-to-month leases, providing built-in cash flow with flexibility for future plans. The current rents being received are below market value. With the right updates, higher rental rates can be achieved. Situated in an area experiencing continued growth and public investment, the South End and Downtown corridors are seeing new development, infrastructure improvements, and community revitalization. Close to local shops, public transit, restaurants, parks, and government offices, this location offers strong long-term rental demand. A solid addition to any investment portfolio with room to add value.
