PUBLIC ONLINE AUCTION: BRICK TWO FAMILY HOUSE PUS VACANT LOT

Exceptional Investment Opportunity in Vibrant Pine Hills: Two-family house, plus a vacant city lot that you can build another two-family on. This solid brick two-family home boasts 3,062 sq. ft. of total living space in Albany's highly sought-after Pine Hills neighborhood. Each spacious unit offers approximately 1,525 sq. ft., featuring three comfortable bedrooms, a formal dining room, and a full bathroom, ideal for renters or potential owner-occupants. Enjoy charming outdoor spaces, including a welcoming covered front porch and a private, enclosed rear porch. The property offers convenient off-street parking for one car and a fenced rear yard. Separate utilities include gas heat and hot water, complemented by a full basement providing excellent storage.

Unprecedented Value Add: A Rare Find in the City of Albany! This property can be sold separately or together with 555 Warren St., a 31' x 115' (0.08-acre) vacant City lot located directly behind the building offering potential for expanded outdoor space, additional parking, or future development (subject to municipal approvals). This incredible package is being sold at auction ''as is.''

This is a reserve Auction. The sale is subject to a 5% buyer's premium, as outlined in the Auction Terms & Conditions (minimums may apply).

* Pre-auction bids are highly encouraged and, if accepted, will result in the immediate cancellation of the auction.

The property is being sold subject to seller confirmation. The seller must approve your auction bid before the sale can be finalized.
The auction purchase contract for this property contains No financing contingency. The accepted form of payment is cash only. Hard money loans and lines of credit will not be accepted. See the auction purchase and sale agreement for details.
The buyer will be charged a 5% Buyer's Premium for this property. The Buyer’s Premium is calculated based on the successful high bid and added to the property's purchase price, paid at the time of auction.
In addition to the Buyer's Premium, a 10% Earnest Money Deposit is required upon acceptance and approval of your bid, for a total of 15% due at the time of auction. Proof of funds is required before bidding.
The buyer must close no later than 30 days after receiving a fully executed purchase contract. “Time is of the essence.”
The property is being sold free and clear of any liens.
Any liens, delinquent taxes, and assessments will be paid in accordance with the applicable auction purchase and sale agreement.
Property is being sold "as is," where is.
Property may be withdrawn or modified without notice at any time before the auction's start date.
The seller reserves the right to accept an early bid and declare the property sold at any time before the auction's start date.
Agency Disclosure. The listing broker acting as auctioneer/agent is an agent for the seller only.
A 2% broker co-op fee, calculated on the winning bid, will be paid to a properly registered and licensed buyer's agent at closing, contingent on the buyer paying the buyer's premium.

Disclaimer: The information contained herein was derived from sources deemed reliable but is not guaranteed. Most of the information provided was obtained from third-party sources and not independently verified. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or representation. Any information presented is subject to inspection and verification by all parties relying on it. It is the responsibility of the buyer and/or the buyer’s broker to confirm the accuracy and completeness of all components of the sale and property. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property, including, without limitation, the environmental and physical condition of the property. All prospective bidders are urged to conduct their own due diligence prior to participating in the auction. Sellers, their representatives, listing broker, agent, and auctioneer 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 canceled at any time without notice. Any projections, opinions, assumptions, or estimates used are for example purposes only and do not represent the current value or future performance of the property. The value of this transaction to you depends on tax and other factors, which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. All real estate advertised herein is subject to the US Federal Fair Housing Act of 1968, which makes it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. RealEstateAuction.com is a licensed real estate broker in the State of New York, license ID 104912065630. RealEstateAuction.com is solely acting in the capacity of a marketing and technology provider for all properties located outside of the State of New York. Sending unsolicited commercial offers (spam) to any of the contacts listed on this Website is strictly prohibited. Please contact the listing agent only if you have an interest in this specific property. Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.

AUCTION STARTS IN

ONLINE AUCTION DETAILS

LISTING BROKER

PROPERTY INSPECTIONS

PROPERTY DETAILS

AUCTION TERMS (Summary)

PHOTO GALLERY

VIDEO TOUR

STREET VIEW

GOOGLE MAP

REAL ESTATE AUCTION ALERTS

SHARE