$272,000
$299,000
9.0%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
2 Baths
1,976 SqFt
SOLD DATE : 03/28/2025
Key Details
Sold Price $272,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,976 sqft
Price per Sqft $137
MLS Listing ID R1570009
Sold Date 03/28/25
Style Duplex
Bedrooms 6
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $3,282
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 50X69
Property Sub-Type Duplex
Property Description
2 UNIT - 6 BEDROOM INVESTMENT PROPERTY. Student Rental. Currently LEASED for the 2024-2025 and 2025-2026 school years.
This recently renovated and fully furnished duplex features 3 bedrooms and 1 full bath along with laundry in each unit. It has new kitchens, baths, electrical, plumbing, sheetrock, interior and exterior paint and vinyl plank flooring throughout. Conveniently located near downtown, the campus, and bus routes. A Certificate of Compliance just issued, and the seller is a licensed real estate broker. This is an excellent opportunity for cash flow!
2024-2025 School Year: GROSS INCOME: $40,100. Currently advertising for one open bedroom for the spring semester, potential $3,500 more (discounted).
24-25 NET OPERATING INCOME = $ 29,318
2025-2026 School Year: GROSS INCOME: $47,125. Currently advertising for one open bedroom for the spring semester, potential $3,875 more (discounted).
25-26 NET OPERATING INCOME= $36,343
TOTAL EXPENSES: $10,782:
Land & School Taxes = $3,282, Insurance = $1,500, Heat/Electric = $3,500, Cable/Internet = $1,200, Garbage = $500, Water/Sewer = $800
Location
State NY
County Otsego
Area Oneonta-City-361200
Direction Travel West on Main St, take a right onto Chestnut St. Take second right onto Church St. House is on the right (corner of Reynolds Ave and Church)
Rooms
Basement Walk-Out Access
Interior
Heating Gas, Forced Air
Flooring Varies, Vinyl
Furnishings Furnished
Fireplace No
Appliance Gas Water Heater
Exterior
Utilities Available High Speed Internet Available, Sewer Connected, Water Connected
Building
Lot Description Corner Lot, Near Public Transit
Story 2
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Level or Stories Two
Structure Type Wood Siding
Construction Status Existing
Schools
School District Oneonta
Others
Senior Community No
Tax ID 361200-300-005-0003-018-000-0000
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Dudley Realty Inc
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Staff / Co-Owner | License ID: 10401385142