$369,000
683 State Street
Details
Property Type Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 1,700
Units 2
Beds 3
Cap Rate 11.38%
NOI $42,000
Tenancy Vacant
Price per SqFt $217
Year Built 1906
Year Renovated 2026
Acreage 0.060
Zoning Multifamily
Investment Type Stabilized
Multifamily | 11.38% CAP | 2 Units
Marketing description
The Work Is Done. Both units are fully renovated and ready to lease at top-of-market rents. In-unit laundry and on-site parking — the two amenities that drive retention and justify premium pricing in this corridor. Pine Hills delivers consistent occupancy through every economic cycle. This is day-one cash flow in one of Albany's most reliable rental markets.
Investment highlights
- Full gut renovation — both units
- New LVP flooring throughout
- Designer marble-look tile bathrooms
- Rainfall shower fixtures
- New windows & doors
- Fresh siding & exterior paint
- Recessed lighting installed
- Forced-air HVAC system
- Updated electrical & plumbing
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$42,000.00
$3,500.00/mo
Valuation Metrics
0
DSCR
11.38%
Cap Rate
11.38%
ROI
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