FOR SALEFOR SALE BY OWNER
611 Myrtle Ave
Albany, NY 12208
Pine Hills
8 Beds
3 Baths
2,200 sqft
- 8 Beds
- 3 Baths
- 2,200 sqft
8 Beds
3 Baths
2,200 sqft
Local Information
© Google
-- mins to
Commute Destination
Description
This is a turn-key student rental property with strong positive cash flow ($11,900 profit assuming a 8% 80%LTV mortgage) and a 12.3% cap rate.
The 2-family house in the desirable Pine Hills neighborhood is in excellent condition and needs no repairs or improvements. 4 BRs on the 1st floor ($2,380/mo) and 4BRs on the 2nd floor ($2,420) both leased through May of 2025. The property was thoroughly renovated to a very high standard in 2014. Includes all appliances (Fridges, ranges, DWs, Micros with W/D in the basement.) Roof (2019), boilers, water heaters, electric, plumbing, & appliances are all in great shape and nothing is needed. It has been rented to students every year, at ever increasing rents with never a vacancy in 10 years.
Seller is a very experienced student landlord and will provide the buyer with all the records, marketing materials, methodologies, and advice to succeed in the student rental market.
The 2-family house in the desirable Pine Hills neighborhood is in excellent condition and needs no repairs or improvements. 4 BRs on the 1st floor ($2,380/mo) and 4BRs on the 2nd floor ($2,420) both leased through May of 2025. The property was thoroughly renovated to a very high standard in 2014. Includes all appliances (Fridges, ranges, DWs, Micros with W/D in the basement.) Roof (2019), boilers, water heaters, electric, plumbing, & appliances are all in great shape and nothing is needed. It has been rented to students every year, at ever increasing rents with never a vacancy in 10 years.
Seller is a very experienced student landlord and will provide the buyer with all the records, marketing materials, methodologies, and advice to succeed in the student rental market.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$170
Listed
5 days ago
Home Details for 611 Myrtle Ave
Interior Features |
|---|
Interior Details BasementAtticCeiling Fan |
Heating & Cooling Heating: Other, GasHeating Fuel: Other |
Levels, Entrance, & Accessibility Stories: 2Floors: Tile, Hardwood |
Appliances & Utilities DishwasherDryerMicrowaveRefrigeratorWasher |
Fireplace & Spa Fireplace |
Windows, Doors, Floors & Walls Double Paned Windows |
Exterior Features |
|---|
Exterior Home Features Roof: AsphaltExterior: Other |
Parking & Garage Parking: On Street |
Days on Market |
|---|
Days on Market: 5 Days on Trulia |
Property Information |
|---|
Year Built Year Built: 1912 |
Property Type / Style Property Type: Multi FamilyArchitecture: Other |
Price & Status |
|---|
Price Price Per Sqft: $170 |
Community |
|---|
Units in Building: 2 |
Lot Information |
|---|
Lot Area: 2697 sqft |
Additional Information |
|---|
On Site Laundry Available |
Price History for 611 Myrtle Ave
| Date | Price | Event | Source |
|---|---|---|---|
| 04/21/2024 | $375,000 | Listed For Sale | N/A |
| 04/05/2016 | $116,000 | Sold | Global MLS #201331785 |
| 12/27/2013 | $116,000 | Sold | N/A |
| 10/29/2013 | $105,000 | Listed For Sale | Agent Provided |
| 09/16/2013 | $193,298 | Sold | N/A |
| 02/10/2008 | $178,500 | Sold | Global MLS #27124301 |
| 01/11/2002 | $85,000 | Sold | Global MLS #2125076 |
| 09/12/2000 | $56,000 | Sold | N/A |
Similar Homes You May Like
Skip to last item
NEW - 2 DAYS AGOListing by: Unreal Estate Brokerage LLC, Active- NEW - 1 DAY AGOListing by: Weichert Realtors-Reliable Properties, Active
- Listing by: South Shore Properties and Real Estate Services, Active
See more homes for sale inAlbanyTake a look
Skip to first item
Skip to last item
Skip to first item
Property Taxes and Assessment
| Year | 2023 |
|---|---|
| Tax | |
| Assessment | $224,481 |
Home facts updated by county records
Comparable Sales for 611 Myrtle Ave
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.13 | Multi-Family Home | $170,000 | 07/19/23 | 6 | 2 | 2,065 | |
0.18 | Multi-Family Home | $265,000 | 04/12/24 | 7 | 3 | 2,210 | |
0.25 | Multi-Family Home | $120,000 | 05/01/23 | 6 | 2 | 2,312 | |
0.04 | Multi-Family Home | $260,000 | 06/13/23 | 6 | 2 | 2,296 | |
0.04 | Multi-Family Home | $260,000 | 06/15/23 | 6 | 2 | 2,296 | |
0.18 | Multi-Family Home | $173,000 | 02/20/24 | 8 | 2 | 2,928 | |
0.17 | Multi-Family Home | $173,000 | 02/20/24 | 8 | 2 | 2,928 | |
0.08 | Multi-Family Home | $190,000 | 06/16/23 | 6 | 2 | 2,160 | |
0.22 | Multi-Family Home | $170,000 | 08/04/23 | 6 | 3 | 3,391 | |
0.27 | Multi-Family Home | $247,200 | 12/26/23 | 10 | 3 | 2,624 |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Pine Hills
- Trulia User
- Resident
- 8mo ago
"Better side of town to live in, safe and sound. Park your car on side streets without being worried about a break in from thieves!"
- Trulia User
- Resident
- 2y ago
"No yards or grass glass and garbage everywhere. No yearns it’s only sidewalk and parking lots. Have to walk to the park to take dogs to the bathroom. "
- Trulia User
- Prev. Resident
- 2y ago
"I live in this neighborhood and worked there, so from Experience it's a wonderful place to live. my Grandchildren go to school there so I would recommend friends and family."
- Trulia User
- Resident
- 3y ago
"Great spots to walk your dog! Several parks in the area. Lots of sidewalks and places to go too. People are friendly and accommodating "
- Wendy O.
- Resident
- 3y ago
"Awesome neighborhood! Great neighbors!! Lots of families! People live in this neighborhood for a long period of time!! Dog friendly and very social neighborhood!! Quiet for being in the city!"
- Justina A.
- Resident
- 4y ago
"This neighborhood has several schools to choose from. Super quiet and quaint. There are public parks tucked into different areas of the neighborhood and a public library. Great spot to raise a family. "
- Forevergrateful710
- Resident
- 4y ago
"It’s a great place to live with a lot of culture the park is a beautiful place to Walk around all year long and the Empire State place is beautiful and you can go ice skating for free during winter it’s beautiful "
- Dee C.
- Resident
- 4y ago
"There is a mix of both college students, young adults, and everything beyond. Theres great bars with great food within walking distance. "
- Quaisha T.
- Resident
- 4y ago
"The area has a big park and is a decent area to live with public transportation very close. The area is kept clean as well and perfect for walking or riding a bike. However, children must be accompanied due to traffic. "
- AshleyC
- Resident
- 5y ago
"I've lived in this neighborhood 2 years now while going to school. It's a nice neighborhood and the walkability is great."
- Mmsmith327
- Resident
- 5y ago
"There is a street fair on Madison Ave in the summer and live music at the Elks Club on South Allen Street on Monday evenings in the summer. "
- Mmsmith327
- Resident
- 5y ago
"I’ve lived in this area for five years and love it. The walkability is very nice and the local restaurants are great. "
- Melissa A. R.
- Resident
- 5y ago
"It is a nice, quiet neighborhood. The houses are well taken care of. And has many restaurants, stores even a cinema. It feels safe. And is very dog friendly."
- Naicha D.
- Resident
- 5y ago
"College and students makes it so this area has stores and restaurants are open late, it also has several bars, and also lots of parks, baseball fields, basketball courts abd plenty of places to walk a dog"
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
This property is for sale by owner and Zillow, Inc. is displaying it at the owner’s request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
611 Myrtle Ave, Albany, NY 12208 is a 8 bedroom, 3 bathroom, 2,200 sqft multi-family built in 1912. 611 Myrtle Ave is located in Pine Hills, Albany. This property is currently available for sale and was listed on Apr 21, 2024.