BEDS4
BATHS2 full
SQUARE FEET1,682
MLS#S1710445
STATUSActive Under Contract
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCity/Rome
SCHOOLRome
Property Description
14%+ CAP RATE! INVESTOR ALERT! CASH-FLOWING 2-UNIT DUPLEX IN THE CITY OF ROME GENERATING $2,300/MONTH IN GROSS RENT, OR $27,600 ANNUALLY. AT THE $159,000 ASKING PRICE, THIS PROPERTY OFFERS AN ATTRACTIVE 14.87% CAP RATE BASED ON ANNUAL RENTAL INCOME LESS PROPERTY TAXES. EACH UNIT FEATURES 2 BEDROOMS AND 1 FULL BATH WITH SPACIOUS LAYOUTS. THE LOWER UNIT RENTS FOR $1,200/MONTH AND INCLUDES A THIRD PARTIALLY FINISHED BONUS ROOM IN THE BASEMENT, UPDATED FLOORING, OVEN, REFRIGERATOR, AND A HOT WATER TANK INSTALLED APPROXIMATELY 6 MONTHS AGO. THE UPPER UNIT RENTS FOR $1,100/MONTH AND FEATURES AN UPDATED LAYOUT AND BRAND-NEW HOT WATER TANK. BOTH UNITS ARE CURRENTLY OCCUPIED, PROVIDING IMMEDIATE RENTAL INCOME FROM DAY ONE. LOW $159,000 PURCHASE PRICE, STRONG RENTAL INCOME, AND SIGNIFICANT UPSIDE MAKE THIS A GREAT OPPORTUNITY FOR INVESTORS LOOKING TO ADD A CASH-FLOWING PROPERTY TO THEIR PORTFOLIO. CONVENIENTLY LOCATED NEAR DOWNTOWN ROME, SHOPPING, RESTAURANTS, AND MAJOR ROUTES SUCH AS ERIE BVLD!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Heating: Gas, Forced Air
Home Style: Duplex
Lot Size: 0.04 Acres
Stories: 2.0
Taxes: $4,055
Year Built: 1900
Amenities
Ceiling Fan(s)
Feature Descriptions
Appliances: Gas Water Heater
Days on Site: 56
Exterior: Vinyl Siding
Flooring: Varies, Vinyl
Lot: Near Public Transit, Rectangular, Rectangular Lot
Lot Dimensions: 50X33
Parcel#: 301301-242-042-0003-024-000-0000
Parking: Paved, Two or More Spaces
Parking Notes: Paved, Two or More Spaces
Sewer: Connected
Units: 2
Utilities: Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Water: Connected, Public
Local Schools
School District: Rome
Listed By / Shown By
Listing By
Agency Name: Howard Hanna Real Estate
Agency Phone: 315-622-2111
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 740.42 per month $355.87 Principal & Interest $337.92 Property Tax $46.64 Homeowner's InsuranceChange Payment Information
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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103 W Embargo Street | MLS# S1710445
This multi-family property located at 103 W Embargo Street, Rome, NY 13440 is currently listed for sale with an asking price of $159,900. W Embargo Street is located within the Rome school district. Search Rome real estate on www.coldwellbankerchoice.com today.