Lucrative investment property with guaranteed 10+ year triple-net lease. All rent is an absolute net to the landlord. Currently, rent payments are made at $6,120 per month with annual increase of 2%. The Tenant pays for all interior and exterior maintenance, all taxes, all upgrades, all code compliance, all utilities, all insurance and all tenant liability. Long-term rental arrangement with a national Sorority organization. This is an excellent location in the growing and thriving college town of Oneonta which functions as the main hub for shopping, education, and healthcare for Otsego and Delaware County residents. The property is near Hartwick College and the State University of NY – Oneonta and a short walk to the bus stop, Main Street, and downtown local attractions. With easy access to I- 88, a 60 minute drive East or West will take you to Albany or Binghamton. The property has a city permit for up to 21 residents. It has 9 bedrooms and 5 bathrooms. It is outfitted with a commercial sprinkler system, commercial appliances, and fire escapes from the 2nd and 3rd floors.
Property Details
Price:
$1,150,000
MLS #:
R1515799
Status:
Active
Beds:
9
Baths:
0
Address:
17 Maple Street Street
Type:
Commercial
Subtype:
RoomingHouse
City:
Oneonta-City
Listed Date:
Jan 5, 2024
State:
NY
Finished Sq Ft:
6,240
ZIP:
13820
Lot Size:
0 acres
Year Built:
1976
Listing courtesy of Keller Williams Upstate NY Properties,
© 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.
17 Maple Street Street
Oneonta-City, NY
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Schools
School District:
Oneonta
Interior
Appliances
Free Standing Range, Gas Water Heater, Oven, Refrigerator
Flooring
Hardwood, Tile, Varies
Heating
Gas, Baseboard
Exterior
Community Features
Other, Storage Facilities, See Remarks
Construction Materials
Wood Siding
Exterior Features
Blacktop Driveway
Parking Features
One Space, No Garage
Roof
Asphalt
Financial
Buyer Agent Compensation
2%
Taxes
$13,676
Map
Community
- Address17 Maple Street Street Oneonta-City NY
- CityOneonta-City
- CountyOtsego
- Zip Code13820
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