Are you an investor looking for a lucrative opportunity in Albany, NY? Look no further! We have an incredible investment property for sale that is sure to please your bottom line. This property is perfect for housing Section 8 tenants and offers rents at $1,760 and $1,200 per month, ensuring a steady stream of income.
This newly rehabbed property features 2-4 bedroom flats, providing ample space for tenants and maximizing rental potential. With a 16% cap rate and an impressive 39% cash on cash return, this investment is a win-win situation. You can expect significant returns on your investment, making it a highly attractive opportunity.
One of the most appealing aspects of this property is its consistent occupancy rate. It is always rented, which means you won’t have to worry about vacancies or loss of income. This stability adds to the overall appeal and reliability of this investment.
The location of this property is also worth noting. Albany, NY, is a vibrant and growing city with a strong rental market. With a steady demand for housing, you can be confident that your investment will continue to generate income for years to come.
The property has recently undergone rehab, ensuring that it is in excellent condition and ready for tenants. This means you won’t have to worry about immediate maintenance or renovation costs, saving you time and money.
Investing in this Albany, NY property is a wise choice for several reasons. Not only does it offer attractive rental rates and consistent occupancy, but it also provides an impressive cap rate and cash on cash return. These financial indicators demonstrate the excellent potential for profitability and long-term success.
If you’re interested in this investment opportunity, don’t hesitate to make an appointment today. With its high demand and proven track record, this property is sure to be in high demand. Seize the chance to boost your investment portfolio and secure a reliable income stream. Don’t miss out on this incredible opportunity – act now!
273 Second Street, Albany, NY 12206