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$468,500
5 Beds ⋅ 3 Baths ⋅ 202622149 MLS
Two vacant units. Immediate income potential. Flexibility from Day One. This Village of Colonie three-family offers something that can be hard to find in a multi-family property: the opportunity to put your own plan in place from the start. With projected rents of approximately $1,650 for Unit 2 and $1,200 for Unit 3, plus $1,300 in existing monthly rent from Unit 1, the property offers potential gross rental income of approximately $4,150 per month / $49,800 annually.* Units 2 and 3 are vacant and ready for immediate occupancy, giving a new owner the flexibility to choose their own tenants and rental terms, live in one unit while collecting rent from the others, create a multi-generational living arrangement, or establish their own rental strategy without inheriting a fully occupied property. Sellers have also had the property pre-inspected, providing buyers with valuable information upfront, removing some of the guesswork. Unit 1 is a 1st flr 2 BR, 1-bath apartment with a long-term month-to-month tenant and washer/dryer hookups. Unit 2 offers 1 BR, 1 bath, new appliances, an adjoining bonus room ideal for an office, nursery or walk-in closet, plus a new stackable washer and dryer. Upstairs, Unit 3 has been freshly painted and professionally cleaned and offers 2 BRs and 1 bath. Outside, the property sits on a corner lot with paved off-street parking for up to 8 vehicles. Located in the South Colonie SD with Saddlewood Elementary at the end of the street, the property is convenient to shopping, restaurants, Albany Airport, hospitals and major highways. Owner financing may be considered for qualified buyers with 50% down. Whether you're looking for an investment property, a way to offset your own housing costs, or space for a multi-generational living arrangement, 1 Loralee Drive gives you something many multi-family properties don't: the ability to decide what happens next. *Projected rents are estimates only and are not guaranteed.

1 Loralee Drive
$500,000
7 Beds ⋅ 4 Baths ⋅ 202621537 MLS
Whether you're looking for multigenerational living, hoping to offset your mortgage with rental income or searching for an investment property with exceptional income potential, this versatile South Colonie property has so much to offer. Located in the South Colonie School District with low Colonie taxes, this rare three-family home offers flexibility that's hard to find. The spacious owner's unit features 3 bedrooms and 1.5 bathrooms, while the additional apartments include a 2-bedroom unit and a 1-bedroom unit. There's also a flex bedroom that could easily be incorporated into any of the units for additional living space or rental value. The large, partially finished garden-level basement offers exciting potential for additional finished living space or the possibility of creating a future fourth unit (subject to any required approvals and permits). Outside, you'll find a massive, private backyard with a patio that's perfect for relaxing, entertaining or giving tenants plenty of outdoor space to enjoy. Parking and storage are a breeze with both an attached one-car garage and a detached one-car garage. The detached garage has both electricity and water run to it. Conveniently located with easy access to a major bus route, shopping, restaurants and everyday amenities, this property combines location, flexibility and long-term value. Whether you're planning to live in one unit while generating income from the others or expanding your investment portfolio, this is a property packed with possibilities. *Photos limited for tenant privacy.*

2187 Central Avenue
$299,000
3 Beds ⋅ 1 Baths ⋅ 202617803 MLS
Welcome to this beautifully maintained home on a quiet street featuring a double buildable lot and plenty of space inside and out. Enjoy a spacious living room, generously sized bedrooms, and a large kitchen complete with a pantry, perfect for everyday living and entertaining. The expansive outdoor space is ideal for gatherings, relaxation, and enjoying the outdoors. Conveniently located close to highways, shops, and shopping while situated in the highly desirable South Colonie School District with low taxes. The home also offers a garage and an oversized driveway with room to park multiple vehicles.

6 Tennessee Avenue
$229,000
2 Beds ⋅ 1 Baths ⋅ 202617790 MLS
Welcome to this charming and affordable 2-bedroom, 1-bath home--an excellent opportunity for first-time buyers, downsizers, or anyone looking for a comfortable home in a convenient location! Freshly painted throughout, this home offers a bright, clean, and inviting feel from the moment you walk in. The spacious outdoor area provides plenty of room for entertaining, recreation, gardening, boats, multiple vehicles, or simply enjoying your own private space.

7 Maryland Avenue

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