167 Madison Avenue

Albany, NY 12207

$235,000
Price
Beds
1,496 Sq. Ft.
$157 / Sq. Ft.
1,496
Sq. Ft.
$157
per Sq. Ft.

Description

Amazing investment opportunity! Mixed use property on a busy Downtown Albany Street. Turnkey laundromat ready for its new owner to take over and start making money from day one. Self automated locking door and security system make for hands off, passive income. Additional two bedroom apartment upstairs currently rents for $800 a month, tenant pays utilities. Could be great owner occupy unit for new owner or used completely as an investment property.Amazing investment opportunity! Mixed use property on a busy Downtown Albany Street. Turnkey laundromat ready for its new owner to take over and start making money from day one. Self automated locking door and security system make for hands off, passive income. Additional two bedroom apartment upstairs currently rents for $800 a month, tenant pays utilities. Could be great owner occupy unit for new owner or used completely as an investment property.
  1. Listed by Ryan Mortka • Coldwell Banker Commercial Prime Properties
  2. Listed by Leah A Witko • Coldwell Banker Commercial Prime Properties

Property Details for 167 Madison Avenue

Zoning
Commercial
Parking Total
.00
LISTING UPDATED: 10/11/2024 11:46 AM

Property Details for 167 Madison Avenue

StatusActive
MLS #202425767
Days on Market94
Taxes$3,300 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1840
Lot Size0.04 AC / 1,742 SF
CountyAlbany County

Building Information for 167 Madison Avenue

Stories-Residences-Year Built1840Lot Size0.04 AC / 1,742 SF

Property Information for 167 Madison Avenue

Summary
Location and General Information
  • Postal City: Albany
  • Directions: Madison Ave in between Philip St and Grand St
  • City: Albany
  • State Or Province: NY
  • Postal Code: 12202
  • County Or Parish: Albany
  • Latitude: 42.65
  • Longitude: -73.76
Taxes and HOA
  • Association Fee: $.00
  • Tax Lot: 54
  • Tax Block: 2
  • Parcel Number: 010100 76.49-2-54
  • Tax Tract: 76.49
  • Tax Annual Amount: $3,300.00
Parking
  • Attached Garage: No
  • Parking Features: On Street
Property
Property and Assessments
  • Property Type: Commercial Sale
  • Property Type Label: Commercial Sale
  • Current Use: Investment, Laundromat, Mixed Use
Lot Information
  • Year Built: 1840
  • Lot Size Dimensions: 22.3X71.9
  • New Construction: No
  • Lot Size Acres: 0.04
  • Lot Size Area: 0.04
  • Lot Size Units: Acres
  • Lot Size Square Feet: 1562.0
Building Information
  • Business Type: Laundromat
  • Building Area Total: 1496.0
  • Living Area: 1496.0
  • Possible Use : Business: Yes
  • Possible Use : Mixed Use: Yes
Utilities
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Heating: Baseboard, Natural Gas
  • Construction Materials: Brick
  • Cooling: None
  • Cooling: No
  • Heating: Yes
Room Information
Bathrooms
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: .00
  • Bathrooms Total Notational: .00
Rental
Rental Information
  • Tenant Pays: Electricity, Gas

Property History for 167 Madison 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 167 Madison Avenue

Taxable ValueLand$14,000Additions$66,000Total$80,000
Home Facts
Total Finished SqFt1,496 SqFtAbove Grade Finished SqFt1,496 SqFtUnfinished Basement SqFt748 SqFtStories2Lot Size1,562 SqFtStyleOffice BuildingYear Built1840ZoningC1CountyALBANYAPN010100 76.49-2-54

Schools near 167 Madison 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 - PK to 5
Rating
School
Distance
Giffen Memorial Elementary School
PublicPK to 5

Stephen And Harriet Myers Middle School
Public6 to 12

Albany High School
Public9 to 12

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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167 Madison Avenue is a mixed use property for sale in Albany, NY 12207. This property was listed for sale on September 18, 2024 by Coldwell Banker Commercial Prime Properties, it's currently listed at $235,000. It has been on the market for a total of 94 days and was last sold on December 11, 2017. This listing's school district is Albany City School District. Nearby schools include Giffen Memorial Elementary School, Stephen And Harriet Myers Middle School and Albany High School. 167 Madison Avenue is a 0-bed, 0-bath, 1,496 sqft mixed use property built in 1840.

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.

Listing Courtesy of Coldwell Banker Commercial Prime Properties

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