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Listed by Suzanne I Prezio • Suzanne Prezio Properties, Inc

$468,500

Est. payment - /mo

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5 Beds

3 Baths

2,395 SqFt

New

1 Loralee Drive Colonie, NY 12205

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,395 sqft

Price per Sqft $195

MLS Listing ID 202622149

Bedrooms 5

Full Baths 3

HOA Y/N No

Year Built 1911

Annual Tax Amount $9,627

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Triplex

Source Global MLS

Property Description

An opportunity like this doesn't come along often. This rare three-family property in the Village of Colonie offers exceptional flexibility, whether you're looking for an owner-occupied property, a multi-generational living arrangement, or a strong addition to your investment portfolio. Unit 1 is a first-floor, 2-bedroom, 1-bath apartment with a long-term month-to-month tenant in place and convenient washer/dryer hookups. Unit 2 features 1 bedroom, 1 bath, and an adjoining bonus room that's perfect for a nursery, home office, or walk-in closet. A stackable washer and dryer are already in place. Upstairs, Unit 3 offers 2 bedrooms and 1 bath. Units 2 and 3 will be vacant and ready for immediate occupancy, giving you the flexibility to move right in or select your own tenants. Situated on a level corner lot in the South Colonie School District, with Saddlewood Elementary located at the end of the street, the property is close to shopping, restaurants, Albany International Airport, major highways, hospitals, and the low taxes conveniences Colonie is known for. The property has also been pre-inspected by the sellers, allowing you to move forward with added confidence. A rare Village of Colonie triplex opportunity with outstanding versatility and income potential.

Location

State NY

County Albany

Direction Central to Loralee.

Interior

Interior Features Paddle Fan, High Speed Internet, Built-in Features, Ceramic Tile Bath

Heating Hot Water, Natural Gas

Flooring Carpet, Ceramic Tile, Hardwood, Laminate

Exterior

Exterior Feature Garden

Parking Features Off Street, Paved, Driveway

Utilities Available Cable Available

Roof Type Asphalt

Porch Porch, Patio

Building

Lot Description Level, Corner Lot, Garden

Sewer Public Sewer

Water Public

Architectural Style Traditional

Schools

School District South Colonie

Others

Tax ID 012601 29.11-3-76

Special Listing Condition Standard

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Nearby Locations

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Stefanie Waldron

+1(518) 522-1476