$317,500
Active
New Listing
5 Beds3 Baths0 SQFT
Active

40 Ontario Street Albany, NY 12206

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Must be bought together with 42 Ontario. Here is one half of a 6-plex. Information and pictures of 40 and 42 Ontario are the same. If your money isn't making money, it's in the wrong place! This package totals 6 units, about $1, 050 a month per unit. 1 unit left vacant for showings (42 Ontario, 1st floor) Listed at a stellar 10.4% cap rate. Here's the package math: $6, 500 month rent, so $78, 000 per year, minus $12, 000 taxes leaves $66, 000 Both sides for $635, 000 gives you a 10.4% cap rate. It's all about money making money, and it's happening here. Mortgage rates are coming down, rents are going up. What a combo! Won't last, bring us an offer.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyAlbany
  • Taxes$2,915
  • HOA/Condo/Coop Fees$0
  • Days on Site0 Days
  • MLS StatusActive
  • MLS ID Number202422277
  • Home Size Source N/A
  • Year Built1890
  • Lot Size0.05 Acres
  • Full Baths3
  • Partial BathsN/A

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Schools

School District
Albany
Elementary School
Unknown Elementary School
Middle School
Unknown Middle School
High School
Albany High School

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Monthly Payment (Est.)

$1,653
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