BEDS16
BATHS8 full
SQUARE FEET6,184
MLS#202625727
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SCHOOLAlbany
Property Description
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!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Window Unit(s)
Garage: 6
Heating: Hot Water, Radiant, Radiant Floor, Natural Gas
Home Style: Apartment 4 Plus Unit
Lot Size: 0.34 Acres
Roof Type: Flat, Rubber
Taxes: $12,216
Year Built: 1940
Feature Descriptions
Days on Site: 42
Exterior: Brick
Exterior: Other
Flooring: Tile, Hardwood
Interior: Solid Surface Counters, High Speed Internet, Built-in Features, Ceramic Tile Bath
Parcel #: 010100 64.42-2-85 01
Parking: Paved, Detached, Driveway, Garage
Parking Total: 14
Parking Total: 14
Patio/Porch: Rear Porch
Sewer: Public Sewer
SQFT Above Grade Finished: 6184
Structures: Garage(s)
Water: Public
Local Schools
High School: Albany
School District: Albany
Listed By / Shown By
Listing By
Agency Name: Clancy Real Estate
Agency Phone: 1 518-861-7016
Shown By
Agency Title: CKM Team Realty
Agency Phone: 518.395.2568
Estimate Your Payment
Estimated Payment
$ 4,038.43 per month $2,670.46 Principal & Interest $1,018.00 Property Tax $349.97 Homeowner's Insurance
97-99 Homestead | MLS# 202625727
This multi-family property located at 97-99 Homestead, Albany, NY 12203 is currently listed for sale with an asking price of $1,199,900. 97-99 Homestead is located within the Albany school district. Search Albany real estate on www.ckmteamrealty.com today.