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Angel Bellino

angel.bellino@gmail.com +1(315) 525-5592

$ 1,100,000

Est. payment -/mo

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Active

16-18 Myrtle AVE Oneonta, NY 13820

5 Beds

6,534 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,534 sqft

Price per Sqft $168

MLS Listing ID R1691809

Bedrooms 5

Construction Status Existing

HOA Y/N No

Year Built 1982

Annual Tax Amount $436,109

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 60X118

Property Sub-Type Other

Property Description

Welcome to Hill City Student Rentals. This three-property rental portfolio is a complete, buttoned-up investment opportunity with strong immediate cash flow at an exceptional cap rate of around 9.5%. Whether you are a solo investor, an institutional investor, a student or a family member of a student, this is truly a great opportunity. Offered as a package, we have 32 Ford Avenue, 8 Franklin Street, and 16-18 Myrtle Avenue all in Oneonta, NY and all proven and up-to-date, and fully permitted student housing.
32 Ford is a 2-unit with a total of 5 bedrooms. 8 Franklin Street is a single-family 3-bedroom with potential for a 4th bedroom conversion. 16-18 Myrtle is a large duplex with a grandfathered 10-person occupancy rate.
This combination of properties creates a very unique, turn-key portfolio with strong NOI. Available furnished and leased for the upcoming school year, this is an investment that will cash flow right out of the gates and is not an opportunity you will want to miss.

Location

State NY

County Otsego

Area Oneonta-City-361200

Rooms

Basement Full, Partial

Interior

Heating Gas, Zoned

Cooling Zoned

Flooring Hardwood, Tile, Varies, Vinyl

Fireplace No

Appliance Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator

Exterior

Exterior Feature Deck, Gravel Driveway

Community Features None

Utilities Available High Speed Internet Available, Sewer Connected, Water Connected

Roof Type Shingle

Porch Covered, Deck, Open, Porch

Garage No

Building

Lot Description Rectangular, Rectangular Lot, Residential Lot

Story 3

Sewer Connected

Water Connected, Public

Structure Type Vinyl Siding,Wood Siding

Construction Status Existing

Schools

School District Oneonta

Others

Senior Community No

Tax ID 288.17-3-76

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Land and Water Realty LLC