$270,000
●
Multifamily -
Off Market
114-116 Spruce Street
Oneonta-City, NY 13820
7 Beds
4 Baths
$297,135
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model
About This Property
2 UNIT INVESTMENT PROPERTY. Student rental ready. Just renovated
and fully furnished! Now showing for the 23-24 school year!
16.59% Cap Rate
POTENTIAL GROSS INCOME = $63,000
EXPENSES = $13,217
Land & School Taxes = $5,717
Insurance = $1,500
Heat/Electric = $3,500
Cable/Internet = $1,200
Garbage = $500
Water/Sewer = $800
POTENTIAL NET OPERATING INCOME = $49,782
Large fully furnished duplex offers 3 bedrooms in Apt. 1 and 4 bedrooms in Apartment 2. Amenities include laundry in each unit, vinyl siding, newly painted, electrical upgrades and brand new vinyl plank floors throughout. Just a short walk to downtown Main Street, restaurants and stores. Close to bus routes and just minutes to colleges. Each apartment has an eat-in kitchen with a table and chairs. Each spacious living room has 2 couches, coffee and end tables, entertainment center, and a 55 flat screen TV! Apt. 1 has one bedroom downstairs, two bedrooms, laundry and two full bathrooms upstairs. Apt. 2 has one bedroom and a full bathroom downstairs. Upstairs there are three bedrooms, laundry, and a full bathroom. Certificate of Compliance in place. Seller is a licensed real estate broker. Nice Cash Cow!
16.59% Cap Rate
POTENTIAL GROSS INCOME = $63,000
EXPENSES = $13,217
Land & School Taxes = $5,717
Insurance = $1,500
Heat/Electric = $3,500
Cable/Internet = $1,200
Garbage = $500
Water/Sewer = $800
POTENTIAL NET OPERATING INCOME = $49,782
Large fully furnished duplex offers 3 bedrooms in Apt. 1 and 4 bedrooms in Apartment 2. Amenities include laundry in each unit, vinyl siding, newly painted, electrical upgrades and brand new vinyl plank floors throughout. Just a short walk to downtown Main Street, restaurants and stores. Close to bus routes and just minutes to colleges. Each apartment has an eat-in kitchen with a table and chairs. Each spacious living room has 2 couches, coffee and end tables, entertainment center, and a 55 flat screen TV! Apt. 1 has one bedroom downstairs, two bedrooms, laundry and two full bathrooms upstairs. Apt. 2 has one bedroom and a full bathroom downstairs. Upstairs there are three bedrooms, laundry, and a full bathroom. Certificate of Compliance in place. Seller is a licensed real estate broker. Nice Cash Cow!
Unit Size
-
Days on Market
173 days
Land Size
0.07 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$476
HOA Dues
-
Year Built
1925
Last updated: 8 months ago (NYSAMLS #R1461273)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2023 | Sold to James P Crossetta, Joseph S... | $270,000 | |
| Sold to James P Crossetta, Joseph S... | |||
| May 19, 2023 | In contract | - | |
| In contract | |||
| Mar 24, 2023 | Listed by Dudley Realty Inc | $299,000 | |
| Listed by Dudley Realty Inc | |||
| Feb 13, 2023 | Sold | $500,000 | |
| Sold | |||
Property Highlights
Parking Details
Parking Features: No Driveway
Interior Details
Bedroom Information
Bedrooms: 7
Bathroom Information
Full Bathrooms: 4
Interior Information
Appliances: Gas Water Heater
Basement Information
Has Basement
Full
Exterior Details
Property Information
Road Frontage Type: CityStreet
Property Condition: Resale
Year Built: 1925
Building Information
Roof: Shingle
Construction Materials: Vinyl Siding
Lot Information
NearPublicTransit, Rectangular, ResidentialLot
Lot Size Dimensions: 45X70
Lot Size Acres: 0.07
Land Information
Land Assessed Value: $0
Financial Details
Tax Assessed Value: $165,000
Tax Annual Amount: $5,716
Utilities Details
Heating Type: Gas, Forced Air
Utilities: High Speed Internet Available, Sewer Connected, Water Connected
114-116 Spruce Street
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|
Building Info
114-116 Spruce Street
114-116 Spruce Street, Oneonta, NY 13820
- 1 Unit for Sale
About Oneonta
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Last Updated: 8 months ago
Data Source: NYSAMLSs, MLS# R1461273
Data Source: NYSAMLSs, MLS# R1461273
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
