40 Ontario Street
Description
$7,000 month rent,...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
- Listed by David Kellogg • Thomas P Moore
Property Details for 40 Ontario Street
Property Details for 40 Ontario Street
| Status | Active |
|---|---|
| MLS # | 202422277 |
| Days on Market | 108 |
| Taxes | $2,915 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family / Triplex |
| Year Built | 1890 |
| Lot Size | 0.05 AC / 2,178 SF |
| County | Albany County |
Building Information for 40 Ontario Street
Property Information for 40 Ontario Street
- Postal City: Albany
- Directions: turn North off of Clinton onto. Go up 4 blocks, building on the right.
- City: Albany
- State Or Province: NY
- Postal Code: 12206
- County Or Parish: Albany
- Latitude: 42.67
- Longitude: -73.77
- Association Fee: $.00
- Association: No
- Tax Lot: 3.000
- Tax Block: 1
- Parcel Number: 010100 65.39-1-3
- Tax Tract: 65.39
- Tax Annual Amount: $2,915.08
- GarageSpaces: .00
- School District: Albany
- High School: Albany
- Possession: At Closing
- Property Type: MultiFamily
- Property Type Label: MultiFamily
- Year Built: 1890
- Lot Size Acres: 0.05
- Lot Size Area: 0.05
- Lot Size Units: Acres
- Lot Size Square Feet: 2178.0
- Living Area: 0.0
- Water Source: Public
- Separate Utilities : Gas: Yes
- Exterior Features: None
- Heating: Forced Air
- Basement: None
- Construction Materials: Brick
- Heating: Yes
- Attic Features : No Attic Access: Yes
- Bathrooms Total Integer: 3
- Bathrooms Total Decimal: 3.00
- Bathrooms Total Notational: 3.00
- Bedrooms Total: 6
- Bathrooms Full: 3
- Bathrooms Half: 0
- Unit Detail : Total Bedrooms: 2
- Unit Detail : Total Bedrooms: 2
- Unit Detail : Total Bedrooms: 2
Property History for 40 Ontario Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 40 Ontario Street
Schools near 40 Ontario Street
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.
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Listing Courtesy of Thomas P Moore
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