On Market
Broadalbin, NY 1202560 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
NOT ELIGIBLE FOR FINANCING THROUGH OFFERMARKET CAPITAL
🏡 60 School St, Broadalbin, NY 12025 | Cosmetic Value-Add Opportunity
💰 List Price: $181,000
📈 Estimated ARV: $260,000
🛏️ 3 Beds | 1 Bath | 1,500 Sq Ft
📐 0.25 Acres
🏠 Single Family | Built 1951
💵 Estimated Rent: $2,000/month
🔨 SOLID PROPERTY WITH COSMETIC REHAB SCOPE
This 3-bedroom, 1-bath Broadalbin property offers an opportunity to acquire a solid home with several major components already updated or inspected. The primary value-add opportunity is cosmetic renovation, with an estimated ~$26,000 rehab budget based on contractor quotes following an in-person walkthrough.
🛠️ Renovation Scope
• Full bathroom update
• New flooring throughout
• Interior paint
• New kitchen countertops
• New kitchen appliances
• Kitchen cabinets already in good condition
• Full property cleanout needed
⭐ Major Components
• Roof approximately 15 years old with no known issues
• Vinyl siding
• Electrical recently updated/inspected with no issues reported
• Plumbing recently updated/inspected with no issues reported
• Full basement with no known foundation issues
• Forced-air furnace
• Driveway parking
💰 Investment Numbers
• Purchase price: $181,000
• Estimated rehab: ~$26,000
• Estimated ARV: $260,000
• Estimated rent: ~$2,000/month
• Projected monthly cash flow: ~$466/month
• Seller-provided cap rate: 3.8%
• Seller-provided cash-on-cash return: 8%
📈 Multiple Exit Strategies
• Fix & Flip: Complete the cosmetic renovation and target the estimated $260K ARV
• Buy & Hold: Renovate and position the property as a long-term rental
• BRRRR: Add value through the renovation and explore refinancing based on the improved value
📍 Broadalbin, NY
The property is located in the Broadalbin area of Fulton County and is being sold as the owner relocates out of state. The seller is motivated to move quickly.
💡 Investor Support
For out-of-state investors, the seller can provide contractor quotes and recommendations from crews who have already walked the property and contributed to the repair estimate.
⚠️ ARV and rental figures are estimates provided with the listing and should be independently verified by the buyer.
Property details
29 property 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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