Johnson Capital Realty, LLC
Johnson Capital Realty, LLC
Email: [email protected]
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listing
1 of 12
MultifamilyFor Sale
$295,000
42 Ontario Street
Albany, NY 12206
Courtesy of Thomas P Moore
MLS: Global MLS
6Beds
3Baths
Est. Mortgage
$1,623/mo

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 40 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

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Information courtesy of Thomas P Moore is subject to verification and is not guaranteed.
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