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Listed by Donna C Kelly • Find Advisors

$ 275,000

Est. payment -/mo

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Active

39 Exchange Street Colonie, NY 12205

2 Beds

1 Bath

1,200 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,200 sqft

Price per Sqft $229

MLS Listing ID 202527323

Bedrooms 2

Full Baths 1

HOA Y/N No

Year Built 1880

Annual Tax Amount $3,713

Lot Size 8,276 Sqft

Acres 0.19

Property Sub-Type Single Family Residence

Source Global MLS

Property Description

Investor's Dream: Low-stress management, high-demand updates, and strong, verifiable cash flow make this property a mandatory addition to any serious portfolio. Don't miss this rare chance to acquire a true turnkey asset!------

Unlock immediate cash flow with this exceptional, low-maintenance investment opportunity! This meticulously updated single-family residence is primed for passive income and positioned for long-term appreciation, offering two distinct income streams and a compelling proforma (see attached).
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Dual Income Advantage: Generating $3,200/month in gross income from two separate, secure leases.

House Lease: $1,700/month, secured until July 31, 2026.

Garage Lease: $1,500/month, secured until December 31, 2025
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Tenant-Occupied & Rented: Immediate rental income from day one. ---------------

Fully Updated & Modernized: Minimizes near-term capital expenditures. The house features a desirable open-concept layout, premium granite countertops, new flooring/carpet, updated laundry facilities, and a brand-new Sub-Zero Mini-Split heating/cooling system for efficiency and tenant comfort.

Premium Detached Asset: The oversized 3-Car Heated Garage is a unique, high-demand feature in the rental market, commanding a premium lease rate and attracting a professional/commercial tenant base (contractor, storage, hobbyist, etc.).
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THE NUMBERS SPEAK FOR THEMSELVES! Review the attached Proforma Sheet for detailed income, expense, and projected cap rate analysis.

Location

State NY

County Albany

Direction route 90 to exit 5, Everett Road, take a right on to Exchange street house is on the left.

Interior

Heating Ductless

Flooring Wood, Carpet

Exterior

Exterior Feature None

Parking Features Paved, Detached, Driveway, Heated Garage

Garage Spaces 3.0

Building

Sewer Public Sewer

Water Public

Architectural Style Old Style

New Construction No

Schools

School District South Colonie

Others

Tax ID 012689 54.13-1-24.1

Special Listing Condition Standard

Traci Cornwell

Broker

+1(518) 334-3444

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Albany, NY