is the perfect investment opportunity for savvy real estate investors. This newly renovated building contains two to four bedroom flats, making it ideal for families or individuals looking for spacious and comfortable housing. With such a versatile layout, you have the potential to attract a wide range of tenants, ensuring a steady flow of income.
The financial benefits of this investment property are remarkable. The cap rate, which measures the return on investment based on the property’s net operating income, indicates a solid return for investors of 16%. The cash on cash return, which calculates the return on the actual cash invested, is equally impressive at 39%. These figures alone highlight the potential for substantial profits in the long run.
Additionally, the property has a history of being consistently rented, giving you peace of mind when it comes to finding and retaining tenants. The location of this Albany NY investment property is another factor worth considering. Albany is the capital of New York, and its real estate market has shown resilience and growth over the years. This economic stability translates into a strong rental market, with rents of $1,760 and $1,200 per month.
This Albany NY investment property offers a great opportunity for investors looking for a lucrative investment in the real estate market. With its potential to house section 8 tenants, high rental incomes, impressive cap rate, and exceptional cash on cash return, this property is sure to exceed your expectations. Take advantage of this opportunity and secure your financial future in the real estate market. Albany NY Investment Property For Sale