181 Elk St, Albany, NY 12210

Real Estate Auction: Fully rented solid brick three unit apartment building located in downtown Albany directly behind the Washington Avenue Armory. This three unit income producing rental property generates $2,200 per month and has separate electric and gas. The first floor unit is a two bedroom apartment with electric heat, gas hot water and hardwood floors. It currently rents for $700 a month. The second floor unit is a three­ bedroom apartment with gas baseboard heat and electric hot water. It has hardwood floors, ceramic tile in the bathroom and rents for $850 a month. The basement unit is a two bedroom apartment with gas heat and gas hot water. It has wall to wall carpet and rents for $650 per month. The building is located within walking distance to Albany's downtown business district, Empire State Plaza, Albany's Capital and City Hall. Selling at auction way below market value.