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Call Listing Agent,NY 12206
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY825042
Originating Board onekey2
Rental Info No
Year Built 1900
Property Sub-Type Multi Family
Property Description
We are pleased to present an exceptional investment opportunity—a fully leased, turnkey student housing portfolio in Albany, NY's desirable Pine Hills neighborhood. Priced at $10,500,000, this portfolio consists of 29 properties, 55 units, and 201 beds, strategically located between the University at Albany's main and downtown campuses. With a proven rental income stream, one-year leases secured by personal guarantees (PGs), and recent capital improvements such as new roofs, high-efficiency Navien hot water systems, and gas boilers under 10 years old, this offering provides investors with a stable, low-maintenance asset in a high-demand student rental market. The properties are within walking distance to restaurants, bars, retail, and entertainment, making them highly desirable for students.
Albany's off-campus student housing market continues to thrive due to limited new supply and increasing enrollment, positioning this portfolio as a highly competitive option. The financials will be provided only upon execution of a Non-Disclosure Agreement (NDA) and proof of funds submission.
Location
State NY
County Albany County
Rooms
Basement See Remarks
Interior
Heating Forced Air
Cooling Central Air,Separate Meters
Fireplace No
Exterior
Utilities Available Electricity Available,Natural Gas Available
Building
Sewer Public Sewer
Water Public
Structure Type Other
Others
Special Listing Condition None