31 Riverside Avenue

Description

This rare Hudson Riverfront three-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 and 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, and included central AC and heat, keep the property fully occupied and enjoyed by well paying, long-term tenants. Generating $48,000 gross yearly rents and having even more upside profit potential, makes this a desirable for any investor. All units have incredible views of the river and downtown Albany, and the property is close to all major highways and 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 and has two large bedrooms and 2.5 bathrooms, each bedroom with their own private bathroom AND an extra half bathroom for guests! The primary bedroom and living area each have sliding glass doors leading to a huge 4 season bonus room with a custom wood bar and sliding glass doors that lead to a private L-shaped raised deck. ($1600 exp 8/26, leaving owner occupancy possibilities if desired). Unit 2 is an adorable two bedroom & also has TWO private bathrooms off each bedroom, plus a walkout 3 season room leading to the yard ($1420 exp 2/27). Unit 3 has one large bedroom and 1 bathroom with their own walkout 3 season room with a cozy patio under the deck. ($1050 exp 11/26). Adding this amazing property to your portfolio is a win-win for years to come! Don't wait.