Multiple Bids. Best and Final 4/19 @ 6pm. This rare Hudson Riverfront 3 family home, owned by the same family since construction, is being offered for sale for the first time! The property features distinctive handcrafted elements throughout, including striking leaded & hammered stained glass, custom woodwork, copper-clad & bronze metals, rare period lighting & artisan detailing that reflect a level of craftsmanship rarely seen in modern construction. According to the seller, some of these features have been salvaged from historic structures. Recent research may point to the early 1900's high quality, Tudor/Arts and Crafts revival style buildings, likely from the Albany area. Additional ammenties like off-street parking, washer & dryers & included central AC and heat, keep the property fully occupied & enjoyed by well paying, long-term tenants. Generating $48,000 gross yearly rents but has even more upside profit potential, makes this desirable for any investor. All units have incredible views of the river & downtown Albany. Close to all major highways & is a quick 5 minute drive to Regeneron Pharmaceuticals, creating even higher rental demand than the area already has. Unit 1 is on the raised 2nd level & has two LARGE bedrooms & 2.5 bathrooms, each bdrm w/their own private bathroom AND a nee extra half bathroom for guests! The primary bedroom & living area each have sliding glass doors leading to a huge 4 season bonus room w/a custom wood bar & sliding glass doors that lead to a private L-shaped raised deck. W/D & dishwasher ($1600 exp 8/30/26, leaving owner occupancy possibilities if desired). See notes. Unit 2 is an adorable two bedroom & TWO new private bathrooms, off each bdrm, plus a walkout 3 season room leading to the yard. New GE all-in-one w/d. ($1420 exp 2/27). Unit 3 has 1 large bedroom & 1 bathroom w/their own walkout 4 season room & a patio under the deck. ($1050 exp 11/26)
Investors! There are slim pickings in the City of Rensselaer for investment properties. Here it is! Turn-key investment property waiting for its new owner(s)! Very spacious units. Total square footage for both units is just under 2600 sq ft. 1st floor features 2 bedrooms , 2nd floor features 3 bedrooms. Roof only 5 years old. Newer boiler and hot water tank for one of the units. Slam dunk investment!
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Rensselaer is located in New York. Rensselaer, New York has a population of 9,330. Rensselaer is less family-centric than the surrounding county with 19.95% of the households containing married families with children. The county average for households married with children is 24.39%.
The median household income in Rensselaer, New York is $66,136. The median household income for the surrounding county is $76,731 compared to the national median of $69,021. The median age of people living in Rensselaer is 37.3 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 14.5 degrees. The average rainfall is approximately 39.5 inches per year, with 51.4 inches of snow per year.
