$119,000

Investor opportunity in Albany's historic Mansion District. 99 Philip St is a two-family property offering approximately 2,800 square feet of living space with significant value-add potential. 2 bedrooms, 1 bathroom, living room, dining area and kitchen on both levels. Features gas heat, vinyl siding, fenced backyard, a full basement, and a substantial multifamily footprint ready for renovation and repositioning. Located minutes from Downtown Albany, the Empire State Plaza, State Capitol, major employment centers, public transportation, and highway access, the property is well positioned for future rental demand or resale. Being sold as part of an estate, this two-unit offers investors an opportunity to improve the existing floor plan, increase rental income potential, and capitalize on the size and location. With the right scope of work, 99 Philip Street offers multiple paths to creating value through renovation, stabilization, and long-term ownership or resale.