3-11 Elberon Pl

16 Unit Apartment Building $2,500,000 ($156,250/Unit) Albany, NY 12203

INVESTMENT HIGHLIGHTS

  • Modern Renovation
  • Very Walkable - next to Washington Square Park
  • Brick Building
  • Parking Lot with Off Street Parking
  • Contiguous Buildings

EXECUTIVE SUMMARY

Package deal, 3, 5, 7, 9 and 11 Elberon beautiful brick row house. Each building right next to each other on this street. Amazing investment, renovations completed and tenant occupied. Coin op washer/dryer in the basement of each building. Vinyl plank flooring, designer finishes, super modern, and a great location make this an ideal investment property. Steps to beautiful Washington Park, local colleges, and some units have a view of the pond! Tax Map Data 3 Elberon 65.70-1-51 5 Elberon 65.70-1-52 7 Elberon 65.70-1-53 9 Elberon 65.70-1-54 11 Elberon 65.70-1-55
3 Elberon Pl (3BD/1BA):
1 - Occupied -1,450.00
2 - Occupied - 1,500.00
3 - Occupied - 1,500.00
5 Elberon Pl (4BD/1BA):
1 - Occupied - 2,000.00
2 - Occupied - 1800.00
3 - Occupied - 1,900.00
7 Elberon
1 - 4BD/1BA - Occupied - 1,700.00
2F - 1BD/1BA - Occupied - 1,100.00
2R - 2BD/1BA - Occupied -1,100.00
3 - 4BD/1BA - Occupied - 1,800.00
9 Elberon (4BD/1BA)
Unit 1 - Occupied - 2,000.00
Unit 2 - Occupied - 1,800.00
Unit 3 - Vacant - 1,800.00
11 Elberon Pl
Unit 1 - Vacant - 2,000.00
Unit 2 - Vacant - 1,950.00
Unit 3 - Occupied - 1,600.00

ATTACHMENTS

Elberon

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

PROPERTY FACTS

Price $2,500,000
Price Per Unit $156,250
Sale Type Investment
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.06 AC
Building Size 18,463 SF
No. Stories 3
Year Built/Renovated 1890/2020
Parking Ratio 1.08/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Heating
  • Kitchen
  • Hardwood Floors
  • Stainless Steel Appliances
  • Basement
  • Double Pane Windows

SITE AMENITIES

  • Fenced Lot
  • Laundry Facilities
  • Trash Pickup - Curbside

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+1 16 - -
Walk Score®
Very Walkable (87)

ZONING

Zoning Code R2B (Commercial)
  • Listing ID: 32888873

  • Date on Market: 8/20/2024

  • Last Updated:

  • Address: 3-11 Elberon Pl, Albany, NY 12203