39 Exchange Street, Colonie, NY 12205
Local realty services provided by:HUNT Real Estate ERA
39 Exchange Street,Colonie, NY 12205
$275,000
- 2 Beds
- 1 Baths
- 1,200 sq. ft.
- Single family
- Active
Listed by: donna c kelly
Office: find advisors
MLS#:202527323
Source:Global MLS
Price summary
- Price:$275,000
- Price per sq. ft.:$229.17
About this home
Investor's Dream: Low-stress management, high-demand updates, and strong, verifiable cash flow make this property a mandatory addition to any serious portfolio. Don't miss this rare chance to acquire a true turnkey asset!------
Unlock immediate cash flow with this exceptional, low-maintenance investment opportunity! This meticulously updated single-family residence is primed for passive income and positioned for long-term appreciation, offering two distinct income streams and a compelling proforma (see attached).
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Dual Income Advantage: Generating $3,200/month in gross income from two separate, secure leases.
House Lease: $1,700/month, secured until July 31, 2026.
Garage Lease: $1,500/month, secured until December 31, 2025
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Tenant-Occupied & Rented: Immediate rental income from day one. ---------------
Fully Updated & Modernized: Minimizes near-term capital expenditures. The house features a desirable open-concept layout, premium granite countertops, new flooring/carpet, updated laundry facilities, and a brand-new Sub-Zero Mini-Split heating/cooling system for efficiency and tenant comfort.
Premium Detached Asset: The oversized 3-Car Heated Garage is a unique, high-demand feature in the rental market, commanding a premium lease rate and attracting a professional/commercial tenant base (contractor, storage, hobbyist, etc.).
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THE NUMBERS SPEAK FOR THEMSELVES! Review the attached Proforma Sheet for detailed income, expense, and projected cap rate analysis.
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Home facts
- Year built:1880
- Listing ID #:202527323
- Added:38 day(s) ago
- Updated:November 15, 2025 at 04:58 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
- Full bathrooms:1
- Living area:1,200 sq. ft.
Heating and cooling
- Cooling:Ductless
- Heating:Ductless
Structure and exterior
- Year built:1880
- Building area:1,200 sq. ft.
- Lot area:0.19 Acres
Schools
- High school:Colonie Central HS
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$275,000
- Price per sq. ft.:$229.17
- Tax amount:$3,713
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