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$275,000
Listing Price2beds
1baths
1,625sqft
8,276sqft lot
39 Exchange St, Albany, NY 12205
Member Features
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Full foreclosure details
Home value, equity and ownership info
Find homes priced below market
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
Investor's Dream: Low-stress management, high-demand updates, and strong, verifiable cash flow make this property a mandatory addition to any serious portfolio. Don't miss this rare chance to acquire a true turnkey asset!------nnUnlock immediate cash flow with this exceptional, low-maintenance investment opportunity! This meticulously updated single-family residence is primed for passive income and positioned for long-term appreciation, offering two distinct income streams and a compelling proforma (see attached).n---------nDual Income Advantage: Generating $3,200/month in gross income from two separate, secure leases.nnHouse Lease: $1,700/month, secured until July 31, 2026.nnGarage Lease: $1,500/month, secured until December 31, 2025 n---------nTenant-Occupied & Rented: Immediate rental income from day one. ---------------nnFully Updated & Modernized: Minimizes near-term capital expenditures. The house features a desirable open-concept layout, premium granite countertops, new flooring/carpet, updated laundry facilities, and a brand-new Sub-Zero Mini-Split heating/cooling system for efficiency and tenant comfort.nnPremium Detached Asset: The oversized 3-Car Heated Garage is a unique, high-demand feature in the rental market, commanding a premium lease rate and attracting a professional/commercial tenant base (contractor, storage, hobbyist, etc.).n-------nTHE NUMBERS SPEAK FOR THEMSELVES! Review the attached Proforma Sheet for detailed income, expense, and projected cap rate a
Interior Details
1625
2
1
Has Heating:
Yes
Heating Type:
Hot Water
Has Cooling:
No
Cooling Type:
N/A
Has Fuel:
Yes
Fuel Type:
Gas
Has Basement:
No
Basement Type:
No Basement
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
8276
Yes
Yes
Type:
Garage, Detached
Location:
N/A
Status:
N/A
Number of Spaces:
4
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Traditional/old
Aluminum/vinyl
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2020
$3,295
$15,200
$60,800
--%
$76,000
2018
$3,207
$15,200
$60,800
--%
$76,000
2017
$2,019
$15,200
$60,800
--%
$76,000
2016
$3,157
$15,200
$60,800
--%
$76,000
2015
$4,123
$15,200
$60,800
--%
$76,000
2013
$2,004
$15,200
$60,800
--%
$76,000
2011
$2,814
$15,200
$60,800
--%
$76,000
Average Home Price in 12205
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Bed
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Sqft
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Sold Date
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