Listing Courtesy of: (607) 431-8181 - Timothy Sagasti - Dudley Realty Inc
607-431-8181
$279,900
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12 Academy St Oneonta, NY 13820
Duplex
Residence
6
Beds
4
Baths
...
Bed/Bath
2,084
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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2 UNIT INVESTMENT PROPERTY. Apt 1 Fully rented through May 2024. Apt 2 fully rented through May 2025. GROSS INCOME = $46,200/year (Apt 1 $2,655/month Apt 2 $1,200/month) and 13.27% Cap Rate. EXPENSES = $9,050.40. Land & School Taxes = $4,330.40. Insurance = $1,500. Heat/Electric = $2,000 (downstairs... apt included only). Garbage = $500. Water/Sewer = $720. NET OPERATING INCOME = $37,149.60. Short term baseball rental area allowed and potential income of $36,000 additional income! Potential Gross of $80k+/year! Fully renovated duplex in 2021 offers 3 bedrooms / 2 full baths in Apt. 1 and 3 bedrooms / 1.5 baths in Apartment 2. Amenities include ample parking in the back, large deck, laundry in each unit, wood clapboard siding, new kitchens, bathrooms, freshly painted interior and exterior, new electrical and plumbing, and brand new vinyl plank floors throughout the first floor (carpeted second floor). Just a short walk to downtown Main Street, restaurants and stores. Close to bus routes and just minutes to colleges. Each apartment has a dining area / room, spacious living rooms and bedrooms. Certificate of Compliance in place. Nice Cash Cow!
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MLS#
R1507849
Property Type
Duplex
Bedrooms
6
Bathrooms
3 Full/1 Half
Year Built
1925
Square Feet
2,084
sq. ft
Lot Size
0.19
Sewer
Sewer Connected
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