Historic 3 unit building

247 Park Avenue, Albany

DESCRIPTION

Historic 3 unit building built in the 1870’s in the Center Square neighborhood of Albany, NY. The property has 4 total bedrooms, 3 bathrooms, a large back yard and is directly across the street from Lincoln Park. Once renovated and stabilized, the property will generate over $53,000 in gross rent. Best yet, the property was purchased below market value, allowing us to add $75,000 in equity with only a small renovation.