12 units spread across two historic buildings

238-248 Sheridan Ave, Albany,NY

DESCRIPTION

12 units spread across two historic buildings within walking distance to the state capital. The property also includes 6 developable lots which we will develop in the next few years after we stabilize the main buildings. The stabilization includes three apartment built outs, maximizing the bedroom count and increasing rents to market rates, which will increase the rent roll 55% from when we purchased.

Commercial apartment building that produces $6,000 net monthly cash flow

Rooms

44

Bedrooms

14

Bathrooms

12

Area (sq ft)

14,155