Property Description

GREAT INVESTMENT OPPORTUNITY IN ONEONTA! Well-maintained four-apartment property offering four desirable one-bedroom apartments, making this an easy-to-rent investment with excellent cash flow. The property features a deep lot and an impressive 8-car garage, providing abundant off-street parking and valuable additional rental/storage possibilities. Each apartment offers comfortable living space, and the property is currently occupied by month-to-month tenants, providing flexibility for an investor. Improvements include a newer furnace, updated electrical service, newer insulation, and a durable metal roof. There is additional income with a commercial washer and dryer on site. Approximately $2000 from laundry and $2400 from the extra garages. The property has/will have a Certificate of Compliance and has been cared for as a solid income-producing property. Convenient Oneonta location close to shopping, schools, SUNY Oneonta, Hartwick College, downtown. Solid opportunity for an investor looking for strong income, easy rentals, and excellent upside potential. The combination of four apartments, eight garages, a deep lot and commercial laundry makes this an especially attractive investment property with almost 12% cap rate and the owner would consider owner financing with a substantial downpayment.

Property Features

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