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Listed by Jeury Lugo • KW Platform

$ 136,000

Est. payment -/mo

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Active

54 Westerlo Street ## 22 Albany, NY 12202

2 Beds

1 Bath

810 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 810 sqft

Price per Sqft $167

MLS Listing ID 202624554

Bedrooms 2

Full Baths 1

HOA Fees $220/mo

HOA Y/N Yes

Year Built 1903

Annual Tax Amount $2,198

Property Sub-Type Condominium

Source Global MLS

Property Description

Welcome to 54 Westerlo St #22, an updated 2-bedroom, 1-bath condo offering approximately 810 square feet in a convenient Albany location. Currently leased for $1,600/month through December 1, 2026, this property offers investors immediate rental income with a tenant already in place.

Recent updates include new flooring throughout the living room, hallway and both bedrooms, new windows in the primary bedroom, updated kitchen lighting, a new refrigerator, oven and faucet, and fresh paint in the common area. The unit also features an in-unit washer and dryer and two parking spaces.

For investors, the property offers approximately $19,200 in scheduled annual rental income at the current lease rate, making it an attractive addition to an existing rental portfolio. DSCR, portfolio and other investment financing may be available, subject to lender guidelines and buyer qualifications.

The location provides convenient access to Downtown Albany, Empire State Plaza, MVP Arena, restaurants, shops, entertainment, government offices and major roadways. The 2-bedroom layout, parking and updated condition also provide strong appeal for a future owner-occupant once the current lease expires.

A solid opportunity to acquire an occupied, income-producing Albany condo with established rental income and recent improvements, while retaining the flexibility to make it a future home.

Location

State NY

County Albany

Direction Take Madison Avenue south toward the South End. Turn onto Green Street. Turn onto Westerlo Street. Continue to 54 Westerlo Street; unit #21 is in that building.

Interior

Heating Baseboard, Natural Gas

Flooring Laminate

Fireplace No

Exterior

Exterior Feature Tennis Court(s)

Parking Features Off Street

Garage Spaces 2.0

Roof Type Rubber

Building

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Albany

Others

Tax ID 010100 76.58-1-42.-22

Special Listing Condition Standard

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+1(518) 882-6236

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