Listing Courtesy of: Jason Maddison - Howard Hanna Real Estate
315-622-2111
$159,900
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103 W EMBARGO ST ROME, NY 13440
Other
Residence
4
Beds
2
Baths
...
Bed/Bath
1,682
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
14%+ CAP RATE! INVESTOR ALERT! CASH-FLOWING 2-UNIT DUPLEX IN THE CITY OF ROME GENERATING $2,300/MONTH IN GROSS RENT, OR $27,600 ANNUALLY. AT THE $159,000 ASKING PRICE, THIS PROPERTY OFFERS AN ATTRACTIVE 14.87% CAP RATE BASED ON ANNUAL RENTAL INCOME LESS PROPERTY TAXES.
EACH UNIT FEATURES 2 BEDROOMS... AND 1 FULL BATH WITH SPACIOUS LAYOUTS. THE LOWER UNIT RENTS FOR $1,200/MONTH AND INCLUDES A THIRD PARTIALLY FINISHED BONUS ROOM IN THE BASEMENT, UPDATED FLOORING, OVEN, REFRIGERATOR, AND A HOT WATER TANK INSTALLED APPROXIMATELY 6 MONTHS AGO. THE UPPER UNIT RENTS FOR $1,100/MONTH AND FEATURES AN UPDATED LAYOUT AND BRAND-NEW HOT WATER TANK.
BOTH UNITS ARE CURRENTLY OCCUPIED, PROVIDING IMMEDIATE RENTAL INCOME FROM DAY ONE. LOW $159,000 PURCHASE PRICE, STRONG RENTAL INCOME, AND SIGNIFICANT UPSIDE MAKE THIS A GREAT OPPORTUNITY FOR INVESTORS LOOKING TO ADD A CASH-FLOWING PROPERTY TO THEIR PORTFOLIO. CONVENIENTLY LOCATED NEAR DOWNTOWN ROME, SHOPPING, RESTAURANTS, AND MAJOR ROUTES SUCH AS ERIE BVLD!
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MLS#
S1710444
Property Type
Other
Bedrooms
4
Bathrooms
2 Full
Year Built
1900
Square Feet
1,682
sq. ft
Price per Sq. Ft.
$1,682.00
Lot Size
0.04
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