Property Description
Renovated duplex in Albany's high-demand Delaware Avenue corridor -- primed for immediate income. Both units are vacant and ready for tenants the moment cosmetic finishing is complete. Each unit offers 3 bed / 1 bath with a full living room and dining room across ~1,020 sq ft. Recent renovations include new roof vent, new kitchen cabinets in unit 1 as well as new flooring in kitchen and bathroom. ROP valid through January 2028. Electric and gas are separately metered and fully tenant-paid, keeping owner expenses lean. Taxes ~$4,236/yr. The numbers: List $259,000; Market rent: ~$1,700/unit/month; Gross annual income: ~$40,800; Projected cap rate: 11%+; Gross yield: 15%+ Minutes from Albany Law School, Albany Medical College, and The Sage Colleges -- a reliable, built-in renter base. Short distance to the State Capitol and downtown Albany employment hub. No inherited leases. No utility exposure. Set your rents, choose your tenants, start earning.
Property Details 10 Hurlbut Street, Albany, NY 12209
General
- {{Item.Label}}: {{Item.Value}}
Interior Features
- {{Item.Label}}: {{Item.Value}}
Exterior Features
- {{Item.Label}}: {{Item.Value}}
Additional Features
- {{Item.Label}}: {{Item.Value}}
Schools
- {{Item.Label}}: {{Item.Value}}
Agent Compensation
- {{Item.Label}}: {{Item.Value}}
Financial Considerations
- {{Item.Label}}: {{Item.Value}}
Financial Considerations
- {{Item.Label}}: {{Item.Value}}
Size & Lot
- {{Item.Label}}: {{Item.Value}}
Utilities
- {{Item.Label}}: {{Item.Value}}
Activity
- {{Item.Label}}: {{Item.Value}}
Estimated Monthly Mortgage Calculator
This calculator is provided by Burrow Services, Inc. for informational purposes. You should not make any decisions based simply on the information provided. Values indicated are estimates and may not be accurate and are only to be used as a guide. This calculator should not be relied upon in any way as the sole source of information. Please consult your financial, tax, or legal advisers for an accurate assessment of your mortgage payments and any advice relating to your personal circumstances.