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Listed by Suzanne I Prezio • Suzanne Prezio Properties Inc

$ 448,900

Est. payment -/mo

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Active

1 Loralee Drive Colonie, NY 12205

5 Beds

3 Baths

2,395 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,395 sqft

Price per Sqft $187

MLS Listing ID 202622149

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1911

Annual Tax Amount $6,202

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Triplex

Source Global MLS

Property Description

FULLY RENTED 3-FAMILY | $48,600 ANNUAL GROSS INCOME INVESTORS, TAKE NOTICE! Exceptional opportunity to own an established, income-producing three-family property in the desirable Village of Colonie and South Colonie School District! All three apartments are currently rented, generating $4,050 monthly — $48,600 annually in gross rental income! Adding to the property's investment appeal is an 18-year long-term tenant who contributes 50% toward the property's gas heating bill, helping offset an important operating expense. Owner financing may be considered for a qualified buyer with 50% down. Offering approximately 2,395 square feet, this property features three distinct apartments with a total of five bedrooms and three full bathrooms. Unit 1: First-floor two-bedroom apartment occupied by a reliable, long-term tenant of 18 years, featuring washer/dryer hookups. Unit 2: One-bedroom apartment featuring newer appliances, a versatile bonus room ideal for a home office, walk in closet or flexible living space, and a stackable washer and dryer. Unit 3: Two-bedroom upper apartment recently refreshed with new kitchen cabinetry, range hood, updated lighting, and attractive vinyl plank flooring. Situated on a generous 0.30-acre corner lot, the property offers paved off-street parking for up to eight vehicles — an excellent convenience for a multi-family investment. Centrally located near shopping, restaurants, Albany International Airport, hospitals, major highways, and local amenities. Property pre-inspection documentation and current rental information available for buyer review. Whether expanding your investment portfolio or purchasing your first income property, 1 Loralee Drive offers established rental income, a long-term tenancy, recent improvements, and a convenient location. Schedule your private showing today!

Location

State NY

County Albany

Direction Central to Loralee.

Interior

Interior Features Paddle Fan, High Speed Internet, Built-in Features, Ceramic Tile Bath

Heating Hot Water, Natural Gas

Flooring Carpet, Ceramic Tile, Hardwood, Laminate

Exterior

Exterior Feature Garden

Parking Features Off Street, Paved, Driveway

Utilities Available Cable Available

Roof Type Asphalt

Porch Porch, Patio

Building

Lot Description Level, Corner Lot, Garden

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District South Colonie

Others

Tax ID 012601 29.11-3-76

Special Listing Condition Standard

Virtual Tour https://app.doaudiotours.com/unbranded?id=26628&lang=en-US

Marshall Morgan

NYS Licensed Real Estate Salesperson Partner/Owner

+1(716) 863-9620 | marshall@empirerealestatefirm.com

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