Courtesy: Oneonta Realty, LLC
607-441-7312
I wanted to share the details on this wonderful 5-unit apartment building! It features five cozy 2-bedroom apartments, each with separate utilities, eat-in kitchens, included appliances, and lovely outdoor spaces like a covered deck and side porch. Tenants handle paying their own utilities with 5 dedicated hot water heaters, 5 heating units, and separate electric panels. There is great potential to increase the current rental income, which is at $1,600 monthly ($19,200 yearly) from two occupied units at $850 and $750. The vacant units are fully move-in ready, as the seller thoughtfully kept them open while the building is for sale. The building has a durable metal roof, mostly vinyl replacement windows, off-street parking, and an over sized 2-car garage with an opener. Plus, it’s in a fantastic location on the bus route, close to downtown, the hospital, and the local elementary school.
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.
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.
