On Market

60 School St

Broadalbin, NY 12025, USA

List price

$181,000

3

beds

1

baths

1,500

sq ft

1951-01-01

built

Single Family

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Story

--- Solid 1951-built 3-bed/1-bath in Broadalbin, roof, siding, electrical, and plumbing all recently updated or inspected with no issues found. Cosmetic project only: full bathroom update, paint, and flooring, budgeted at roughly $26,000 based on contractor quotes from an in-person walkthrough, kitchen cabinets are already in good shape. New countertops and appliances needed in the kitchen. Flooring and paint needed throughout. ARV is $260,000, supported by a comparable sale at 20 Spring St, Broadalbin, asking $181,000 (inclusive of closing costs). Seller is relocating out of state and motivated to move quickly, full cleanout needed. For out-of-state investors, we can provide contractor quotes and recommendations from crews who have already walked the property, the same ones behind our repair estimate. ---

Property details

29 details the seller has shared

29 details

Property

· The bones — what the buyer sees first

Bedrooms

3

Full baths

1

Finished sq ft

1,500 sq ft

Above-grade sq ft

1,500 sq ft

Year built

1951

Lot size

0.25 acres

Stories

2

Units

1

Property type

Single Family

Occupancy

Owner-occupied

Condition (1–5)

2

Neighborhood

Broadalbin

County

Fulton

Financials

· What it earns and what it costs to hold

Monthly rent

$2,000 /mo

Annual property tax

$5,200 /yr

Annual insurance

$1,500 /yr

ARV (after repair)

$260,000

Cap rate

3.8%

Cash-on-cash return

8%

Monthly cash flow

$466 /mo

Features

· Comfort, climate, and curb appeal

Heating

Forced air furnace

Parking

Driveway no garage

Garage spaces

0

Basement

Yes

Flooring

riginal/dated, needs replacement (part of repair scope)

Roof

15 years - no known issues

Exterior

Vinyl Siding

Foundation

Full Basement - No known issues

History & terms

· Past sales, updates, and deal mechanics

Reason for sale

Moving

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