Both need rehab, but it's well worth the investment. This is prime downtown Albany. Lots of office space, brand new hotels, the Palace Theatre, the Capital Building, all right there. There are concrete plans directly across the street from these buildings for a brand new retail/office complex. A brand new hotel just went in right down the street. The Palace Theatre is right around the corner.
Directly behind these buildings is the Capital. State Office buildings are walking distance. This is an unbelievable opportunity to grab these beauties now before construction starts.
Rents NOW are $1,000 per unit for office/retail space in the buidling right next door which was just rehabbed. With five units in these two buildings, that's $5,000 per month income. And you are dealing with BUSINESS TENANTS - not families. WOW!
Don't delay on this. Call Babs Wagner, Area Homeowner Solutions, 518-466-7127 NOW!!!