39 Exchange Street St

Albany, NY 12205
  • $275,000

    Price
  • 2

    Bed
  • 1

    Bath
  • 1,200

    SqFt

About the Listing o2971B - 31199

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!------ Unlock 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). --------- Dual Income Advantage: Generating $3,200/month in gross income from two separate, secure leases. House Lease: $1,700/month, secured until July 31, 2025. Garage Lease: $1,500/month, secured until December 31, 2025 --------- Tenant-Occupied & Rented: Immediate rental income from day one. --------------- Fully 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. Premium 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.). ------- THE NUMBERS SPEAK FOR THEMSELVES! Review the attached Proforma Sheet for detailed income, expense, and projected cap rate analysis.

Listing Highlights for 39 Exchange Street St

Status Active
Days on Site 0
Property Type Residential
MLS ® 202527323
Year Built 1880
Total Square Footage 1,200
Lot/Acreage 0.19
County Albany
School District South Colonie

Interior Details

  • Bedrooms: 2
  • Bathrooms: 1 Full
  • Appliances: Electric Oven, Electric Water Heater, Washer/Dryer
  • Air Cond: Ductless
  • Heating: Ductless
  • Fireplaces:
  • Floor: Wood,Carpet
  • Above Ground Sq Ft: 1200
  • Below Ground Sq Ft: 0
  • Basement: Slab
  • Other:
  • Water: Public

Exterior Details

  • Garage Capacity: 3 car
  • Parking Spaces: 4
  • Roof:
  • Others:
  • Sewer: Public Sewer
  • Parking Features: Paved,Detached,Driveway,Heated Garage

Financial Details

  • Tax Amount: $3,714
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 012689 54.13-1-24.1
  • Tax Year: N/A

Payment Calculator

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Listing Location

Questions About..

39 Exchange Street St Albany, NY 12205

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Originating MLS: Global MLS

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