ATTENTION INVESTORS: This rare fully Occupied & Stabilized 7-Unit Apartment Building is located in Auburn, NY and is a great investment opportunity! All 7 units are currently leased with separate electric meters to provide immediate and stabilized cash flow. The building has undergone extensive CAPEX renovations resulting in low maintenance costs and retention of several 5+ year tenants.
Significant updates include a new roof, modern electrical panels, new PVC plumbing throughout, and new sheetrock/flooring in 5 of the 7 units in 2018. Additional major interior renovations were completed in 2023 including new furnace thermo couplings, valves, and tune-up, plus major renovations in Unit 3 and Unit 7 including modern LVT floors, new interior doors, a fully gutted bathroom, and complete paint out. The property features 8 off-street paved parking spaces, an onsite coin-operated laundry for additional income, and minimal lawn maintenance with only a small curb strip of grass for the entire property. This turnkey property has a current Certificate of Occupancy dated March 2024 and is an excellent opportunity for investors to expand their portfolio
Significant updates include a new roof, modern electrical panels, new PVC plumbing throughout, and new sheetrock/flooring in 5 of the 7 units in 2018. Additional major interior renovations were completed in 2023 including new furnace thermo couplings, valves, and tune-up, plus major renovations in Unit 3 and Unit 7 including modern LVT floors, new interior doors, a fully gutted bathroom, and complete paint out. The property features 8 off-street paved parking spaces, an onsite coin-operated laundry for additional income, and minimal lawn maintenance with only a small curb strip of grass for the entire property. This turnkey property has a current Certificate of Occupancy dated March 2024 and is an excellent opportunity for investors to expand their portfolio
Property Details
Price:
$424,900
MLS #:
R1535008
Status:
Active
Beds:
7
Baths:
0
Address:
111 Osborne Street
Type:
Commercial
Subdivision:
Survey & Pt Title
City:
Auburn
Listed Date:
May 2, 2024
State:
NY
Finished Sq Ft:
7,396
ZIP:
13021
Lot Size:
0 acres
Year Built:
1990
Listing courtesy of RE/MAX Revolution,
© 2024 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-05-18.
© 2024 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-05-18.
111 Osborne Street
Auburn, NY
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Schools
School District:
Auburn
Interior
Appliances
Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Flooring
Carpet, Laminate, Varies, Vinyl
Heating
Gas, Hot Water
Laundry Features
Common Area, Coinoperated
Exterior
Community Features
Laundry Facilities
Construction Materials
Vinyl Siding
Exterior Features
Fence, Gravel Driveway
Parking Features
Threeormore Spaces, Driveway, No Garage
Roof
Asphalt, Shingle
Financial
Buyer Agent Compensation
2%
Taxes
$11,019
Map
Community
- Address111 Osborne Street Auburn NY
- CityAuburn
- CountyCayuga
- Zip Code13021
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