Investor alert! This 5-unit multi-family property in the Village of Newark Valley offers solid income potential with a total monthly rental income of $4,830 and an estimated net operating income (NOI) of approximately $52,956 annually. The building features a mix of two- and three-bedroom units, all currently rented, providing strong cash flow from day one. While the property could benefit from some cosmetic updates and general maintenance, it offers a great foundation for future value growth and higher returns! Conveniently located near local amenities. A rare opportunity to acquire a fully rented, income-generating property—perfect for both new and seasoned investors!
Discover this unique low-maintence investment property in the rural hamlet of Newark Valley. Situated along the scenic Owego Creek, this mobile home park features four spacious pads—one home owned by the seller, and three tenant-owned units, providing steady income from day one. Just a short stroll from the center of town, you'll enjoy the convenience of nearby shops, schools, and community amenities—without sacrificing the quiet charm of country living. City water is a bonus!
Newark Valley is located in New York. Newark Valley, New York has a population of 3,681. Newark Valley is more family-centric than the surrounding county with 35% of the households containing married families with children. The county average for households married with children is 25.66%.
The median household income in Newark Valley, New York is $69,918. The median household income for the surrounding county is $64,987 compared to the national median of $69,021. The median age of people living in Newark Valley is 40.8 years.
The average high temperature in July is 79.2 degrees, with an average low temperature in January of 12 degrees. The average rainfall is approximately 39.2 inches per year, with 61.6 inches of snow per year.
