This blog will highlight rental properties in the Albany/Troy region of New York.
These rental properties are overseen by professional management- we listen to the tenant's needs and respond quickly.
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Wednesday, April 2, 2014
Excellent Lansingburg Two Family house on the Hudson
This property is 2500 square feet, sits on a double-lot, and has direct Hudson river views.
It is in an area of Troy, NY, characterized by a high percentage of owner-occupied homes. A new roof was installed in 2009. The utilities were separated after purchase, such that each unit has a new furnace, each unit has its own electric meter. The property currently has an annual rent roll of $19,800. Due to the excellent condition of the house, and its location and proximity to the river, the value of this property is higher than those without water views. Imagine waking up to views of the Hudson river!
There are two units- an owner's duplex, and a second apartment which is on the second floor(adjacent to the owner's duplex and with a private entrance.) The owner's duplex has 3 bedrooms and two baths, W/D hookup, and currently rents for $925/month plus utilities(and has rented for that price for 3 years. The rate will likely rise to $950-$975 over the coming weeks, market rate is likely around $1,000/month.) There is also a huge dry basement accessible from only the owner's unit- great for storage.
The second unit has two bedrooms and one bath, a large kitchen, W/D hookup and currently rents for $725/month plus utilities.
The asking price is $159,000 and this is for sale by owner. Get it now before I hire a broker and the price goes up to account for the broker's commission.
For a showing, please email me from the craigslist ad that brought you here, or direct message me on Twitter @Troy_Rentals.
Legal disclaimer: All information above must be verified by the prospective purchaser, no warranties or representations are made by this blog post.
The interior of the owner's duplex, prior to the floor being redone, along with a water view from one of the second floor bedrooms.
Two bedrooms overlook the Hudson River.
The stairway as seen through the pocket-doors on the first floor.
The porch, with direct access from the owner's unit(off of the living room.)
Living room and dining room photos.
Prefer to rent instead? Here's what we have available: