500 Morris Street, Albany, NY 12208

$220,000 Asking Price

5 beds
2 baths
1,800  sqft
Built in 1900

Looking to cash flow? This 5 bed 2 bath investment property in Pine Hills is an excellent opportunity. Located in a prime area close to universities, shops & all amenities Albany has to offer. The property has a strong rental history, demanding $2,500 per month, which highlights its potential for consistent cash flow. With five bedrooms, it's ideally suited for student tenants or a group of roommates, making it attractive to families as well. Large 12X12 bedrooms. First floor laundry. Pine Hills is known for its proximity to universities, shops, and dining, which further adds to the rental appeal. If you're looking for an investment that provides stability in a highly sought-after location, this could be a perfect choice. Schedule your private showing today!

Features & Amenities

Interior

General:
Other
Appliances:
Dryer, Electric Oven, Microwave, Range, Refrigerator, Washer
Laundry:
Main Level
Basement:
Full, Unfinished
Flooring:
Ceramic Tile
A/C:
true, Window Unit(s)
Heating:
true, Baseboard, Hot Water, Natural Gas

Exterior

Style:
Traditional

Construction

Roofing:
Rubber, Asphalt
General:
Vinyl Siding, Wood Siding

Location

Originating MLS:
Global MLS
School District:
Albany
County:
Albany

Lot

Zoning:
010100 64.76-2-40

Utilities

Utilities:
Cable Available, Cable Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
Global MLS
Ownership:
Colello

This listing courtesy of:
Core Real Estate Team, Patrick Dunn

About Albany, NY

Housing

Number of Units
71,440
Median Home Value
$219,081
Median Rent
$928

52.04% of housing units are renter occupied.

10.06% are vacant.

Commute

Car
61.40%
Public Transportation
8.71%
Walk to Work
5.55%
Work from Home
23.49%
Other
0.37%

The median travel time to work is 16 minutes.

People

Population
151,514
Median Age
36.40
Median Household Size
2.41

Education

High School
20.95%
Associate’s Degree
10.55%
Bachelor’s Degree
22.55%
Graduate Degree
20.77%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

Similar Homes

Message

Interested in this home?

Request more information: