186 2nd Avenue

Prime Investment Opportunity: High-Yield Multi-Family in Albany Attention investors! This vacant, turnkey-ready multi-family property is a high-yield asset waiting to be added to your portfolio. Situated in a high-demand rental pocket of Albany, this property offers the perfect blend of immediate cash flow potential and value-add opportunity. The Highlights Strategic Layout: Each spacious apartment features a flexible 3-bedroom floor plan specifically designed to qualify for 4-bedroom HUD/Section 8 rent subsidies. This unique configuration allows you to maximize your monthly rental income significantly. Vacant & Ready: No need to navigate existing leases or tenant relocations. This property is delivered vacant, allowing you to place your own screened tenants at current market rates immediately. Value-Add Potential: The building is in solid condition but requires minor TLC. A simple cosmetic ''refresh''—paint, minor flooring, and appliances—will easily bridge the gap to top-tier rental premiums. Excellent Cash Flow: Between the HUD-friendly layout and the low entry price point, the ROI on this property outpaces many others in the Capital Region. Property Features Type: Multi-Family Investment Units: Large, versatile apartments Status: Vacant on transfer Location: Conveniently located near public transit, local amenities, and major commuter routes in Albany. Investor Note: Properties with 4-bedroom subsidy potential are in extremely high demand and short supply. This is a rare chance to capture higher-than-average vouchers with a very manageable ''light lift'' renovation. Don't miss out on this high-performing asset. --- Unit Configuration Estimated Market Rent HUD Payment Standard (2026) 3-Bedroom Unit $1,827 / mo 4-Bedroom Unit $2,013 / mo