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Picture of Home For Sale in Oneonta, New York, United States

$299,000

114-116 Spruce St
Oneonta, New York, United States

7bd 4ba

Listed By: Realtyww Info

Listed On: 06/13/2023

Listing ID: GL10106490 View More Details

Description

2 UNIT INVESTMENT PROPERTY. Student rental ready. Just renovated and fully furnished! Now showing for the 23-24 school year! 16.59% Cap Rate POTENTIAL GROSS INCOME = $63, 000 EXPENSES = $13, 217 Land and School Taxes = $5, 717 Insurance = $1, 500 Heat/Electric = $3, 500 Cable/Internet = $1, 200 Garbage = $500 Water/Sewer = $800 POTENTIAL NET OPERATING INCOME = $49, 782 Large fully furnished duplex offers 3 bedrooms in Apt. 1 and 4 bedrooms in Apartment 2. Amenities include laundry in each unit, vinyl siding, newly painted, electrical upgrades and brand new vinyl plank floors throughout. Just a short walk to downtown Main Street, restaurants and stores. Close to bus routes and just minutes to colleges. Each apartment has an eat-in kitchen with a table and chairs. Each spacious living room has 2 couches, coffee and end tables, entertainment center, and a 55 flat screen TV! Apt. 1 has one bedroom downstairs, two bedrooms, laundry and two full bathrooms upstairs. Apt. 2 has one bedroom and a full bathroom downstairs. Upstairs there are three bedrooms, laundry, and a full bathroom. Certificate of Compliance in place. Seller is a licensed real estate broker. Nice Cash Cow!

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Listed by: Dudley Realty Inc
Source: The World Property Journal

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