1. New York
2. Colonie
3. 39 Exchange Street

39 Exchange Street, Colonie, NY 12205

• 2 beds |
• 1 bath |
• 1,200 sqft

Property Description

Investor's Dream: Low-stress management, high-demand updates, and strong, verifiable cash flow make this property a mandatory addition to any serious portfolio. Don't miss this rare chance to acquire a true turnkey asset!------ Unlock immediate cash flow with this exceptional, low-maintenance investment opportunity! This meticulously updated single-family residence is primed for passive income and positioned for long-term appreciation, offering two distinct income streams and a compelling proforma (see attached). --------- Dual Income Advantage: Generating $3,200/month in gross income from two separate, secure leases. House Lease: $1,700/month, secured until July 31, 2025. Garage Lease: $1,500/month, secured until December 31, 2025 --------- Tenant-Occupied & Rented: Immediate rental income from day one. --------------- Fully Updated & Modernized: Minimizes near-term capital expenditures. The house features a desirable open-concept layout, premium granite countertops, new flooring/carpet, updated laundry facilities, and a brand-new Sub-Zero Mini-Split heating/cooling system for efficiency and tenant comfort. Premium Detached Asset: The oversized 3-Car Heated Garage is a unique, high-demand feature in the rental market, commanding a premium lease rate and attracting a professional/commercial tenant base (contractor, storage, hobbyist, etc.). ------- THE NUMBERS SPEAK FOR THEMSELVES! Review the attached Proforma Sheet for detailed income, expense, and projected cap rate analysis.

Listing Status:

Active

Date Added:

October 8, 2025 at 05:00AM

Listing Office:

Find Advisors : 518-831-5442

Listing Agent:

Donna C Kelly : 518-368-4959

MLS ID:

202527323

Interior

• Appliances: Electric OvenWasher/DryerElectric Water Heater
• Laundry: Main LevelLaundry Room
• Basement: Slab
• Flooring: CarpetWood
• A/C: Ductless
• Heating: Ductless

Exterior

• General: Shed(s)Garage(s)
• Style: Old Style
• Other Structures: Shed(s)Garage(s)
• Parking: DetachedHeated GaragePavedDrivewayParking spaces: 4

Construction

• General: Vinyl Siding

Location

• Originating MLS: Global MLS
• School District: South Colonie
• County: Albany

Lot

• Zoning: 012689 54.13-1-24.1

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: Global MLS

This listing courtesy of Donna C Kelly, Find Advisors