718 Bloomingrove Drive, Rensselaer, NY 12144

Fully renovated 4-unit property offers an excellent investment opportunity, generating $56,400 in rental income annually w/ a 7.8% cap rate. Located in a thriving area, it is within walking distance to Stewarts, the CDTA Park + Ride, & many other conveniences. Close to shopping, dining, major highways, and downtown Albany. Two small 1-bed apartments & one large 1-bed apartment on 2nd floor. 1st floor features a spacious 2-3 bedroom unit w/ 2 full baths, office, & laundry room, making it ideal for owner-occupancy. Recent updates include a new roof, septic system, & water treatment system, along with fully renovated kitchens and bathrooms in all units. The property also includes a large 2-car garage w/ extra rental income potential. This is a fantastic opportunity to own in a booming area.