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40 Ontario Street

Albany, NY 12206
  • $295,000
  • STATUS: Active
  • MLS #: 202422277
UPDATED: 22 min ago
$295,000
  • 6
    BEDS
  • 0.05
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1890
County:
Area:

School Information

High School:
School District:

Description

UPDATED INFORMATION. New tax roll shows $7,000 in income between the 2 budlings and half the taxes I calculated for ROI!!!! 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: $7,000 month rent, so $84,000 per year, minus $6,000 taxes leaves $78,000 Both sides for $590,000 gives you a 13.2% 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

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© 2024 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2024-11-04T15:12:40.59.
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40 Ontario Street Albany, NY 12206

  • Price: $295,000
  • Status: Active
  • On Site: Days
  • Updated: 22 min ago
  • MLS #: 202422277
6
Beds
3
Baths
0
½ Baths
0.05
Acres
1890
Built
County:
Albany
Area:
Albany
High School:
Albany
School District:
Albany
Property Description
UPDATED INFORMATION. New tax roll shows $7,000 in income between the 2 budlings and half the taxes I calculated for ROI!!!! 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: $7,000 month rent, so $84,000 per year, minus $6,000 taxes leaves $78,000 Both sides for $590,000 gives you a 13.2% 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
Exterior Features

Architectural Style Traditional Construction Materials Brick Exterior Features None Waterfront YN No

Interior Features

Basement None Heating Forced Air Heating YN Yes

Property Features

Association YN No Property Sub Type Triplex Sewer Public Sewer Special Listing Conditions Standard Water Source Public

Listing information © 2024 Global MLS.
Listing provided courtesy of David Kellogg of Thomas P Moore: 518-894-7768.



© 2024 Global Multiple Listing Service, Inc. The data relating to real estate on this website comes in part from the Internet Data Exchange program of the GMLS. All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. Data last updated 2024-11-04T15:12:40.59.
 
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