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Price $339,900

56-58 East Street, Oneonta-City, New York 13820

  • Bedrooms : 7
  • Bathrooms : 3
  • Square Footage : 1,926 Sqft
  • Visits : 28 in 92 days
$339,900
Features
Heating System :
Electric, Zoned, Gas, Forced Air
Cooling System :
Zoned
Basement :
Full
Fence :
Partial
Security :
Radonmitigationsystem
Furnished :
Furnished
Appliances :
Gas Water Heater
Parking Features :
Common, Twoormorespaces
Pool Expense : $0
Roof :
Shingle
Sewer :
Connected
Address Map
State :
NY
County :
Otsego
City :
Oneonta-City
Zipcode :
13820
Street : 56-58 East Street
Floor Number : 0
Longitude : W76° 56' 33.4''
Latitude : N42° 27' 49.7''
MLS Addon
Office Name : Dudley Realty Inc
Association Fee : $0
Bathrooms Total : 3
Building Area : 1,926 Sqft
CableTv Expense : $0
Construction Materials :
Vinyl Siding
Cumulative DOM : 2
DOM : 56
Electric Expense : $0
Exterior Features :
Fence
Fireplaces Total : 0
Flooring :
Varies, Vinyl, Luxury Vinyl
Garage Spaces : 0
Interior Features :
Programmablethermostat
Internet Address Display : 1
Internet Listing Display : 1
SyndicateTo : Realtor.com
Listing Terms : Cash,Conventional
Lot Features :
Near Public Transit, Residentiallot
LotSize Dimensions : 48X115
Maintenance Expense : $0
Parcel Number : 361200-288-014-0003-029-000-0000
Special Listing Conditions :
Standard
Stories Total : 3
Utilities :
Sewer Connected, Water Connected, Highspeedinternetavailable
AttributionContact : (607) 431-8181
Property Description

3 UNIT – 7 BEDROOM INVESTMENT PROPERTY. Student Rental. Newly renovated and fully furnished. 3 bedrooms and 1 full bath in apartments 1 & 2, apartment 3 has 1 bedroom and 1 full bath. Apt 1 features new vinyl plank floors throughout and has basement access for laundry. Apts 2 and 3 are newly renovated with new kitchen cabinets, granite countertops, stainless steel appliances, and new vinyl plank floors. Electrical upgrades have been made throughout. The exterior includes vinyl siding, replacement windows, and off-street parking. Near downtown, campus and bus routes. A Certificate of Compliance is in place, and the seller is a licensed real estate broker. This is a great cash flow opportunity!

2024-2025 School Year
GROSS INCOME: $39,850
Reduced rent due to signing mid-renovation. Currently advertising for the 3 open bedrooms for the spring semester, potential $10,500 more.

2025-2026 School Year
GROSS INCOME: $61100 ($9500 pending)

EXPENSES:
Land & School Taxes=$5,693
Insurance = $1,500
Heat/Electric = $3,500
Cable/Internet = $1,200
Garbage = $500
Water/Sewer = $800
24-25 NET OPERATING INCOME = $26,657
25-26 NET OPERATING INCOME= $47,907

Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : R1554296
Price : $339,900
Bedrooms : 7
Bathrooms : 3
Square Footage : 1,926 Sqft
Year Built : 1900
Lot Area : 5,663 Sqft
Status : Active
Property Sub Type : Multi Family
Agent info
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