65-67 Watervliet Ave, Albany, NY 12206

True turn key building, Very well maintained 11 unit building. 9 apartments, all with long term tenants, and 2 retail spaces currently occupied by one tenant with several years left on the lease and 5% bumps annually. An actual 8% cap rate.Many improvements made in the past three years. All apts are month to month. All tenants pay their own utilities. Stairwells are fully sprinkled. Property has cameras. Long term manager who wishes to stay. Preliminary approval to convert current retail space into 5 apartments increasing income an additional $30K