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Listed by Alicia C Everett • Keyology Realty

$ 225,000

Est. payment -/mo

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4 Homestead Avenue Colonie, NY 12304

3 Beds

2 Baths

1,020 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,020 sqft

Price per Sqft $220

MLS Listing ID 202625818

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1930

Annual Tax Amount $3,925

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Duplex

Source Global MLS

Property Description

Opportunity and flexibility come together in this legal two-family bungalow, ideal for an owner-occupant, multi-generational living, or an investor building their rental portfolio. The first-floor apartment offers 2 bedrooms and 1 bath, while the second-floor apartment features 1 bedroom and 1 bath. Each unit has its own deck, separate electric meter, and mini-splits for heating and air conditioning. Estimated rents of approximately $1,300/month for the lower unit and $1,000/month for the upper unit, plus taxes and insurance, offer potential for $2,300 a month in income and a 10% cap rate. Live in one and rent the other to help offset your housing costs, rent both, or create a comfortable setup for extended family. A detached one-car garage adds parking and storage. With some personal touches and updates, this property offers an opportunity to make it your own while adding value over time. Conveniently located on a pleasant residential street close to shopping, dining, services, and everyday conveniences.

Location

State NY

County Albany

Zoning Multi Residence

Direction Take Central Ave to Homestead North on Homestead House on RIght

Interior

Heating Ductless, Electric

Flooring Vinyl

Exterior

Exterior Feature None

Parking Features Paved, Driveway, Garage

Garage Spaces 1.0

Porch Rear Porch, Composite Deck, Front Porch

Building

Sewer Public Sewer

Water Public

Architectural Style Other

New Construction No

Schools

School District South Colonie

Others

Tax ID 012689 16.8-2-17

Special Listing Condition Standard

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Erin Sipowicz

Licensed Real Estate Salesperson

+1(518) 307-6348

4 Homestead Avenue Colonie, NY 12304

Key Details

Location

Interior

Exterior

Building

Schools

Others

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4 Homestead Avenue