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!
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!
Property Details
Price:
$279,900
MLS #:
R1507849
Status:
Pending
Beds:
6
Baths:
4
Address:
12 Academy Street
Type:
Single Family
Subtype:
Duplex
City:
Oneonta-City
Listed Date:
Nov 15, 2023
State:
NY
Finished Sq Ft:
2,084
ZIP:
13820
Lot Size:
0 acres
Year Built:
1925
Listing courtesy of Dudley Realty Inc,
© 2024 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-05-09.
© 2024 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-05-09.
12 Academy Street
Oneonta-City, NY
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Schools
School District:
Oneonta
High School:
Oneonta High
Interior
Appliances
Electric Water Heater
Bathrooms
3 Full Bathrooms, 1 Half Bathroom
Flooring
Carpet, Varies, Vinyl
Heating
Electric, Baseboard
Exterior
Architectural Style
Duplex
Construction Materials
Frame, Vinyl Siding
Parking Features
Twoor More Spaces
Roof
Asphalt, Shingle
Financial
Buyer Agent Compensation
3%
Taxes
$4,329
Map
Community
- Address12 Academy Street Oneonta-City NY
- CityOneonta-City
- CountyOtsego
- Zip Code13820
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