$279,900 Price Analysis    ♡   Oneonta, NY 13820 6 bed 4 bath 2,084 SqFt ($134/SqFt) 8,276SqFt lot. Built 1925 Listed 2023-11-15, Taxes $4,330 | ✓ USDA Eligible near Oneonta, NY Restrictions may apply due to home size |
2 UNIT INVESTMENT PROPERTY.
* Sale Pending *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 and School Taxes = $4, 330.40. Insurance = $1, 500. Heat/Electric = $2, 000 (downstairs apt included only). Garbage = $500. Water/Sew er = $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 minutes to colleges. Each apartment has a dining area / room, big living rooms and bedrooms. Certificate of Compliance in place. Nce Cash Cow!
Presented by Timothy Sagasti at
Dudley Realty Inc.
Property MLS #R1507849 from OtsegoDelaware
Bedrooms in unit 1: 3
Full bathrooms in unit 1: 2
Rooms in unit 1: 7
Bedrooms in unit 2: 3
Full bathrooms in unit 2: 1
Half bathrooms in unit 2: 1
Rooms in unit 2: 7
Basement Description: Full
Full Bathrooms: 3
1/2 Bathrooms: 1
Flooring: Vinyl-Some, Vinyl-Luxury-Some, Wall To Wall Carpet-Some
Water Heaters: Electric
Baseboard
Frontage Type: 45
Lot Size Acres: 0.19
Lot Size Square Feet: 8276
Calculated Total Monthly Association Fees: 0
Rent Includes: All Utilities, Cable TV, Cooking Gas, Electric, Furnished, Grounds Maintenance, Heat, Hot Water, Refuse Removal, Snow Removal, Water
School District: Oneonta
Map directions Map directions Map directions Map directionsSource Listing Status: U-Under Contract
County: Otsego
Directions: Heading West on 88. Turn right off exit 15 then left on main street. Right on grove Street and left onto Academy Street. Heading East on 88. Turn left off exit 16 onto Main Street. Left on Grove Street, right onto Academy Street.
Source Property Type: Multi-Family Res (2-4) units
Area: Oneonta-City-361200
Source Neighborhood: Oneonta-City-361200
Number of Separate Electric Meters: 2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $104,700 + $18,300 $123,000 | $4,330 |
| 2022 | $104,700 + $18,300 $123,000 | $4,225 |
| 2021 | $104,700 + $18,300 $123,000 | $4,714 |
| 2020 | $104,700 + $18,300 $123,000 | $7,660 |
| 2017 | $104,700 + $18,300 $123,000 | $6,365 |
| 2016 | $104,700 + $18,300 $123,000 | $5,383 |
| 2015 | $104,700 + $18,300 $123,000 | $4,620 |
| 2014 | $75,500 + $9,500 $85,000 | $3,873 |
| 2014 | $75,500 + $9,500 $85,000 | $3,600 |
| 2013 | $75,500 + $9,500 $85,000 | $1,755 |
| 2012 | $75,500 + $9,500 $85,000 | $1,724 |
| 2011 | $75,500 + $9,500 $85,000 | $1,677 |
| 2010 | $75,500 + $9,500 $85,000 | $3,813 |
$279,900
NYStateAlliance
Listed 2023-11-15
$279,900
OtsegoDelaware
Sold 2020-11-12
$200,000
Public Record
Operating Expense Includes: Electric, Refuse, Utilities, Water / Sewer
Year Built: 1925
Attic: Unfinished
Building Exterior Type: Frame, Vinyl
Foundation Details: Stone
Property Age: 99
Roof: Asphalt, Shingles
Levels or Stories: 2.0000
Structure Type: 2 Unit, Duplex
Total Area Sqft: 2084
Year Built Details: Existing
Separate Utilities: Electricity
Water Source: Public Connected
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.