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Albany Student Housing Portfolio, Albany, NY, Albany, NY

Multi Family


228 Western Avenue, Albany, NY

SaleSale Contact: Rudy Lynch

Building Size: 36,000 SF
Economics: For Sale at $3,890,000

Comments:

70 BED STUDENT HOUSING INVESTMENT OPPORTUNITY IN THE HEART OF THE PINE HILLS STUDENT RENTAL MARKET. 12 PROPERTIES ALL WITHIN ONE BLOCK. 24 UNITS. 31 PARKING SPACES. 100% OCCUPANCY WITH PERFECT RENTAL HISTORY. FULL YEAR LEASES WITH PARENTAL GUARANTEES. ALL UNITS SEPARATELY METERED. NO DEFERRED MAINTENANCE. SHORT WALK TO COLLEGE OF ST. ROSE, UALBANY, AND BRAND NEW SUNY POLY CAMPUS. 7.74% CAP. ALWAYS RENTED! SOLID INVESTMENT.

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