Center Square Four-Unit with Strong Potential Albany, NY

Property Location MAP

52 Philip Street
Albany, NY 12207

Property #: AP26012

Contact Agent

Michael Foster, CAI
Tranzon Auction Properties

716-507-9009 mfoster@tranzon.com
Excellent investment opportunity at 52 Philip Street in Albany's desirable Center Square neighborhood. This four-apartment building, consisting of four one-bedroom units, offers strong potential for value-add investors. The property reflects areas of deferred maintenance, but its classic architecture, walkable location, and proximity to Washington Park, downtown, and major employers make it a compelling project. With updates, this building can become a solid income-producing asset in one of Albany's most sought-after historic districts.
 
Michael Foster, Broker | NY #49F00966562 | 16 Warren Ave., Kenmore, NY 14217
 
Broker's Procedures: Please be advised that prior to showing a purchaser a property: (1) we do not require identification from a prospective purchaser, (2) we do not require a purchaser to sign an exclusive brokerage agreement and (3) we do not require a pre-approval for a mortgage loan in order to show a purchaser properties.

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Michael Foster, CAI

Michael Foster, CAI: Tranzon Auction Properties

716-507-9009 mfoster@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

Print Terms and Conditions

  • Buyer's Premium: None
  • Closing: 30-day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: Twenty percent (20%) of purchase price due within twenty-four (24) hours of seller's acceptance of the high bid.
  • Buyer Agent Compensation: 2% of the high bid will be paid to a properly registered buyer's agent at settlement.
  • Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
  • Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

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