Courtesy: Land and Water Realty LLC
845-807-2630
Welcome to Hill City Student Rentals. This three-property rental portfolio is a complete, buttoned-up investment opportunity with strong immediate cash flow at an exceptional cap rate of around 9.5%. Whether you are a solo investor, an institutional investor, a student or a family member of a student, this is truly a great opportunity. Offered as a package, we have 32 Ford Avenue, 8 Franklin Street, and 16-18 Myrtle Avenue all in Oneonta, NY and all proven and up-to-date, and fully permitted student housing. 32 Ford is a 2-unit with a total of 5 bedrooms. 8 Franklin Street is a single-family 3-bedroom with potential for a 4th bedroom conversion. 16-18 Myrtle is a large duplex with a grandfathered 10-person occupancy rate. This combination of properties creates a very unique, turn-key portfolio with strong NOI. Available furnished and leased for the upcoming school year, this is an investment that will cash flow right out of the gates and is not an opportunity you will want to miss.
Positioned on a desirable corner lot in the heart of Oneonta, this well-maintained 4-unit multi-family property presents a strong opportunity for investors or owner-occupants. The building offers 4- 1-bedroom, 1-bath units, ideal for this steady tenant demographic. Bordering Fox Hospital, this location offers convenient proximity for healthcare professionals and local students. Located just minutes from downtown, colleges, shopping, and dining, this property benefits from Oneonta's consistent rental demand driven by its mix of outdoor recreation, small-town charm and cultural attractions. This asset features recent updates and dedicated off-street parking. Mechanical updates include a newer, high-efficiency natural gas boiler. The current owner provides heat, hot water, and internet, offering a streamlined setup for tenants. A solid income-producing property with a practical layout, simplified utilities, and strong upside in a reliable rental market. A must see!
Courtesy: Oneonta Realty, LLC
607-441-7312
GREAT LOCATION for this 6 UNIT APARTMENT BUILDING CLOSE TO DOWNTOWN, COLLEGES AND BUS ROUTE. There are 4 two bedroom apartments, 1 studio apartment and 1 one bedroom apartment. Each apartment has been TASTFULLY UPDATED. Each apartment has SEPERATE UTLITIES along with easy access to a common area for laundry. Total rents currently are $3750 monthly, $45,000/yr. There are two vacant apartments that are being freshened up for incoming tenants. Income when fully rented $5550/month, $66,600/yr. Rents could be higher! This is a nice building with updated apartments in the perfect location!
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Oneonta is located in New York. Oneonta, New York has a population of 12,764. Oneonta is less family-centric than the surrounding county with 21.07% of the households containing married families with children. The county average for households married with children is 24%.
The median household income in Oneonta, New York is $58,499. The median household income for the surrounding county is $60,523 compared to the national median of $69,021. The median age of people living in Oneonta is 21.9 years.
The average high temperature in July is 78.3 degrees, with an average low temperature in January of 12.1 degrees. The average rainfall is approximately 41.7 inches per year, with 82.6 inches of snow per year.
