Are you an investor looking for a lucrative opportunity in the real estate market? Look no further, as we have an exciting investment property available for sale in Albany, NY. This property is specifically tailored to attract section 8 tenants, offering a consistent rental income of $1,760 and $1,200 per month. With such promising figures, this investment is bound to bolster your bottom line and provide a stable source of income for years to come.
Situated in a prime location, this recently renovated property is always in high demand among renters. Boasting 2-4 bedroom flats, it caters to a wide range of tenants, ensuring a constant stream of potential occupants. The property’s impressive 16% capitalization rate further adds to its appeal, guaranteeing a substantial return on investment. Additionally, the cash on cash return stands at an impressive 39%, a figure that is hard to come by in the real estate market.
Investing in section 8 properties offers several advantages. The federal government provides rental subsidies directly to landlords, ensuring reliable and timely payments. This eliminates any concerns regarding rent collection and significantly reduces the risk of vacancies or late payments. As a result, investing in section 8 properties offers a level of stability and security that is highly sought after in the real estate market.
Moreover, this investment property has undergone extensive rehabilitation, ensuring it is in excellent condition and attractive to potential tenants. Renovations and upgrades have been carried out to meet the requirements of section 8 housing, guaranteeing compliance with all regulations and standards. This meticulous attention to detail not only enhances the property’s desirability but also minimizes the need for additional investments in the near future.
With its enticing rental income, impressive capitalization rate, and remarkable cash on cash return, this Albany investment property is an opportunity that is sure to not disappoint. By capitalizing on the consistent demand for section 8 housing, you can secure a reliable and profitable investment that will reward you for years to come.
If you are interested in exploring this investment opportunity further, we encourage you to make an appointment today. Don’t miss out on the chance to add this gem to your investment portfolio and enjoy the financial benefits it offers. Act now and secure your place in the thriving Albany real estate market!
273 Second Street, Albany, NY 12206