176 Exchange Street Colonie, NY 12205
5 Beds
2 Baths
2,176 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,176 sqft
Price per Sqft $210
MLS Listing ID 202629739
Bedrooms 5
Full Baths 2
HOA Y/N No
Year Built 1998
Annual Tax Amount $8,439
Lot Size 0.470 Acres
Acres 0.47
Property Sub-Type Duplex
Source Global MLS
Property Description
2 Single-Family Homes on One Lot (Multi-Unit Setup)
Total Monthly Income / Potential: Front house estimated up to $2,500/mo (vacant) + Rear house currently rented at $1,950/mo.
Condition: Fully renovated and in excellent condition throughout.
**Property Overview**
Welcome to 176 Exchange St.—a rare and exceptional dual-property offering featuring two fully renovated, turnkey single-family homes on a single lot. Whether you are an astute investor looking for a strong, income-producing portfolio addition or a buyer wanting to offset your mortgage by living in one home and renting out the other, this property delivers unmatched versatility and value.
Front House (Vacant & Move-In Ready)
Size: 1,215 sq. ft.
Layout: 3 bedrooms, 1 bathroom, plus a flexible bonus room in the basement ideal for an office or additional bedroom.
Features: Includes convenient basement laundry hookups.
Rental Potential: Estimated up to $2,500 per month, making it ideal for an immediate tenant placement or an effortless owner-occupancy transition.
Rear House (Current Income Generator)
Layout: 2 bedrooms, 1 bathroom.
Current Status: Currently occupied and generating steady rental income at $1,950 per month
Upgrades: Features brand-new Mini-Split HVAC systems for efficient year-round climate control.
Mechanicals & Highlights
Upgraded Utilities: Both homes are separately metered for gas and electric, meaning tenants pay their own utilities.
Roof: Front house roof is under 8 years old, providing long-term peace of mind.
Modern Comforts: Fully renovated from top to bottom with updated plumbing and a brand-new hot water heater.
Low Maintenance: Both structures are in pristine, excellent condition, allowing you to move right in or start collecting rent with peace of mind.
Don't miss out on this turnkey dual-home property offering stellar cash flow and flexibility!
Location
State NY
County Albany
Direction I-90 to Everett Road to Exchange Street.
Interior
Heating Hot Water
Fireplace No
Window Features Blinds
Exterior
Exterior Feature Other
Parking Features Driveway
Roof Type Asbestos Shingle
Building
Sewer Shared Septic
Water Public
Architectural Style Ranch
New Construction No
Schools
School District South Colonie
Others
Tax ID 012689 53.12-1-16
Special Listing Condition Other
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