15 North Lake Avenue

Albany, NY 12203

$299,000
Last Sold Price
8
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Seize this fantastic opportunity to own a profitable, two-family property in a prime Albany location. This well-maintained property boasts two spacious units, each offering 4 beds and 2 full baths. With an impressive potential rental income exceeding $57,000 annually, this property promises strong returns. To top it off, the detached 3-car garage provides additional income potential, a perfect bonus for investors looking to maximize earnings. The first-floor unit is fully rented by the room with...Seize this fantastic opportunity to own a profitable, two-family property in a prime Albany location. This well-maintained property boasts two spacious units, each offering 4 beds and 2 full baths. With an impressive potential rental income exceeding $57,000 annually, this property promises strong returns. To top it off, the detached 3-car garage provides additional income potential, a perfect bonus for investors looking to maximize earnings. The first-floor unit is fully rented by the room with reliable tenants. The second-floor unit is strategically left with vacancies, with one room occupied, to allow for convenient showings. With many updates over the years and current ROPs, this property is ready for the next owner to step in and start earning.
  1. Listed by Stela Koeva • Real Broker NY LLC

Property Details for 15 North Lake Avenue

Architectural Style
Other
Waterfront
No
LISTING UPDATED: 11/26/2024 11:00 PM

Property Details for 15 North Lake Avenue

StatusClosed
MLS #202424477
Days on Market19
Taxes$4,665 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Duplex
Year Built1900
Lot Size0.07 AC / 3,049 SF
CountyAlbany County

Building Information for 15 North Lake Avenue

Stories-Residences-Year Built1900Building Size-Lot Size0.07 AC / 3,049 SF

Property Information for 15 North Lake Avenue

Summary
Location and General Information
  • Postal City: Albany
  • Directions: Continue on I-87 S to Albany. Take exit 2 from I-90;Follow Washington Ave to N Lake Ave.
  • City: Albany
  • State Or Province: NY
  • Postal Code: 12203
  • County Or Parish: Albany
  • Latitude: 42.66
  • Longitude: -73.77
Taxes and HOA
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 010100 65.62-2-61
  • Tax Annual Amount: $4,665.14
Parking
  • GarageSpaces: 3.00
School Information
  • School District: Albany
  • High School: Albany
Property
Property and Assessments
  • Possession: At Closing
  • Property Type: MultiFamily
  • Property Type Label: MultiFamily
Lot Information
  • Year Built: 1900
  • Above Grade Finished Area Source: CRS
  • Below Grade Finished Area Source: CRS
  • Lot Size Acres: 0.07
  • Lot Size Area: 0.07
  • Lot Size Units: Acres
  • Lot Size Square Feet: 3049.2
Building Information
  • Living Area: 0.0
Utilities
  • Water Source: Public
  • Separate Utilities : Gas: Yes
Interior and Exterior Features
Interior Features
  • Interior Features: Other
  • Heating: Hot Water
  • Basement: Partial
  • Construction Materials: None
  • Heating: Yes
Room Information
Bathrooms
  • Bathrooms Total Integer: 4
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Notational: 4.00
  • Bedrooms Total: 8
  • Bathrooms Full: 4
  • Bathrooms Half: 0
Unit Information
Unit 1
  • Unit Detail : Total Bedrooms: 2
Unit 2
  • Unit Detail : Total Bedrooms: 2
  • Unit Dining Room Type : None: Yes

Property History for 15 North Lake Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 15 North Lake Avenue

Taxable ValueLand$23,400Additions$93,600Total$117,000
Home Facts
Baths2Total Finished SqFt1,982 SqFtAbove Grade Finished SqFt1,982 SqFtStories2Lot Size3,210 SqFtStyleDuplexYear Built1900ZoningR2BCountyALBANYAPN010100 65.62-2-61

Schools near 15 North Lake Avenue

This home is within Albany City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Philip J Schuyler Achievement Academy
PublicPK to 5

Stephen And Harriet Myers Middle School
Public6 to 12

Albany High School
Public9 to 12

Edmund J O'neal Middle Of Excellence
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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