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$595,000   Price Analysis
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7-9 Weidman Pl
Oneonta, NY 13820
16 bed None bath 6,600 SqFt ($90/SqFt)
0.39 acre lot. Built 1900
Listed 2024-06-24
USDA Eligible
near Oneonta, NY
 Restrictions may apply
due to home size

6 UNITS

16 BEDROOMS, 7 BATHROOMS! GREAT LOCATION, solid rental history, close to both colleges, a block to bus stop, fantastic parking, short walk to Main Street. 3 two bedrooms, 2 three bedrooms, 1 four bedroom, all furnished. Boiler new 2010. Common laundry in basement, as well as 2 laundry areas upstairs (new 2017 and 2023). COC in place. Includes 2 parcels, 2nd tax map# 288.17-3-16. RENTS: Apt 1- 12 month lease, $1000 month, 2 bedrooms, rented thru 7/31/24. Apt 2 - $3600 per student/per semester, 2 bedrooms, rented for 23-24.

Apt 3 - $3600 per student/per semester, 3 bedrooms. (1 bedroom was vacant fall 2023, 2 bedrooms are vacant Sprng 2024, Apt 4 - $3600 per student/per semester, 2 bedrooms, rented 2023-24. Apt 5 - $3600 per student/per semester, 3 bedrooms, rented 2023-24. Apt 6 - $3250 per student/per semester, 4 bedrooms, vacant until March-rented for 2 months @$1200 per month. 2023 Income was $93, 238, Expenses were $76, 860. 2023 expenses include new laundry area and new sewer line to the street along with other improvements. The 2022 income was $100, 865, expenses were $49, 470. The 2021 Income was $124, 624. 2021 expenses were $62, 190. EXPENSES include a 10% management fee.


Presented by Jessie Grigsby at
Benson Agency Real Estate LLC.


Property MLS #R1525110 from NYStateAlliance

Bedrooms: 16

Total Bathrooms: 0

Dryer
ExhaustFan
GasOven
GasRange
GasWaterHeater
Refrigerator
RangeHood
Washer
Laundry Features: CommonArea

Heating Features: Gas, Steam
Heating: Yes
Number of Fireplaces: 2

Flooring: Carpet, Hardwood, Varies, Vinyl

Basement Description: Finished

BlacktopDriveway
PrivateYard
Road Frontage Type: PrivateRoad

Lot Description: FloodZone, IrregularLot, NearPublicTransit
Lot Size Acres: 0.39
Lot Size Dimensions: 132X190
Lot Size Square Feet: 16988

Garage Spaces: 3
Garage Description: ThreeormoreSpaces, Driveway, NoGarage
Parking Features: ThreeormoreSpaces, Driveway, NoGarage

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School District: Oneonta
High School District: Oneonta
Middle or Junior School District: Oneonta

Oneonta Senior High School is a public high school located approximately 1 miles away.
directions icon Map directions

Lighthouse Christian Academy is a private elementary, middle and high school located approximately 0.5 miles away.
directions icon Map directions

Oneonta Middle School is a public middle school located approximately 1 miles away.
directions icon Map directions

Valleyview Elementary School is a public elementary school located approximately 1.1 miles away.
directions icon Map directions

Number of Units: 6

Rent Includes: AllUtilities, SnowRemoval, TrashCollection, Water

Annual Tax Amount: 13662
Source Listing Status: Active
County: Otsego
Cross Street: Center
Directions: Weidman runs from Center St to Brook Street
Source Property Type: MultiFamily
Area: Oneonta-City-361200
Source Neighborhood: Oneonta-City-361200
Number of Separate Electric Meters: 1
Number of Separate Gas Meters: 1
Owner Pays: AllUtilities, SnowRemoval, TrashCollection, Water
Parcel Number: 288.17-3-11
Postal City: Oneonta
Source System Name: C2C

Listed 2024-06-24
$595,000
NYStateAlliance
Price Changed 2024-04-20
$595,000
OtsegoDelaware
Listed 2024-03-13
$645,000
OtsegoDelaware
Listing removed 2024-01-01
$699,000
OtsegoDelaware
Listed 2023-03-16
$699,000
OtsegoDelaware
Listing removed 2023-03-15
$0
OtsegoDelaware
Relisted 2023-03-14
$699,000
OtsegoDelaware
Listing removed 2023-03-13
$0
OtsegoDelaware
Listed 2023-03-11
$699,000
OtsegoDelaware

Operating Expense Includes: Electric, Fuel, Insurance, Maintenance, ProfessionalManagement, SnowRemoval, Trash, Utilities, WaterSewer

Total Square Feet Living: 6600
Year Built: 1900
Building Area Total: 6600
Construction Materials: Frame, VinylSiding
Property Age: 124
Property Condition: Resale
Roof: Asphalt, Shingle
Levels or Stories: 3
Building Total Stories: 3
Year Built Details: Existing

Electric: CircuitBreakers
Sewer: Connected
HighSpeedInternetAvailable
SewerConnected
WaterConnected
Water Source: Connected, Public

Security Features: FireEscape
Click Thumbnail Images To View Full Size
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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.