Are you an investor looking for a lucrative opportunity in the real estate market? Look no further than this incredible Albany NY investment property for sale. With the potential to house section 8 tenants and generate rents of $1,760 and $1,200 per month, this investment is guaranteed to please your bottom line.
The property in question is a newly rehabbed building that boasts 2-4 bedroom flats, making it ideal for families or individuals seeking spacious and comfortable accommodations. With such a versatile layout, you have the opportunity to attract a wide range of tenants, ensuring a consistent cash flow.
One of the most enticing aspects of this investment is its impressive cap rate of 16%. The cap rate, which measures the return on investment based on the property’s net operating income, indicates a solid return for investors. This figure alone highlights the potential for substantial profits in the long run.
If that wasn’t enough, the property also offers an impressive cash on cash return of 39%. This metric, which calculates the return on the actual cash invested, takes into account the initial investment and the potential cash flow generated. With a cash on cash return of this magnitude, you can expect a remarkable return on your investment.
Furthermore, this investment property has a history of being consistently rented. This means you can count on a steady stream of income without worrying about vacancies. As any experienced investor knows, a property that is always rented is a valuable asset that ensures a stable cash flow.
The location of this Albany NY investment property is another factor worth considering. Albany is the capital of New York, and its real estate market has shown resilience and growth over the years. The city offers a diverse economy, with government, education, and healthcare sectors providing stable employment opportunities. This economic stability translates into a strong rental market, giving you peace of mind when it comes to finding and retaining tenants.
If all these reasons have piqued your interest, don’t hesitate to make an appointment to view this investment property today. With its potential to house section 8 tenants, high rental incomes, impressive cap rate, and exceptional cash on cash return, this property is sure to exceed your expectations. Take advantage of this opportunity and secure your financial future in the real estate market.