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Home For Sale

Picture of Home For Sale in Albany, New York, United States

$317,500

42 Ontario St
Albany, New York, United States

6bd 3ba

Listed By: Realtyww Info

Listed On: 07/29/2025

Listing ID: GL11825368 View More Details

Description

Must be bought together with 42 Ontario. Here is one half of a 6-plex. Information and pictures of 40 and 42 Ontario are the same. If your money isn't making money, it's in the wrong place! This package totals 6 units, about $1, 050 a month per unit. 1 unit left vacant for showings (42 Ontario, 1st floor) Listed at a stellar 10.4% cap rate. Here's the package math: $6, 500 month rent, so $78, 000 per year, minus $12, 000 taxes leaves $66, 000 Both sides for $635, 000 gives you a 10.4% cap rate. It's all about money making money, and it's happening here. Mortgage rates are coming down, rents are going up. What a combo! Won't last, bring us an offer.

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Listed by: David Kellogg
Source: The World Property Journal

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